Joe McAweaney1

💳 Faster and smoother payments for Mews hotel guests through tokenization, replacing sensitive card data with secure tokens for one-time setup costs. This enhances security and reduces fraud risks by preventing data breaches, as payment tokens are worthless if accessed. The process simplifies operations and compliance, empowering staff to streamline checkouts. Guests enjoy quick, convenient payments, fostering trust and loyalty. Tokenization enables efficient, secure hotel transactions across any property, benefiting both guests and hoteliers.

🏨 Hotels worldwide are shifting design strategies to boost revenue, moving away from the "bigger is better" mindset. By minimizing underused features and maximizing space, they enhance guest experience and efficiency. Examples include replacing minibars with communal bars and redesigning storage to save space. The focus is on increasing revenue per square meter, with smart designs leading to higher guest satisfaction and profitability. Innovations are supported through flexible financing, allowing for dynamic investment in hotel upgrades.

💳 At Unfold last week, a session on fintech in hospitality drew a full house. Susanne Sandler stated that by 2026, 10% of US financial flows, about $7 trillion, will be embedded. Fintech is integrating into products, enhancing customer experiences, and boosting revenues. Super apps like Uber exemplify the seamless payment experience. Hospitality can learn from other industries that use fintech for gains described as "mind-boggling." Mews Founder Richard Valtr highlighted the opportunity cost of standard flexible rates in hotels, suggesting a data-driven, fintech-powered future.