Innovation

💳 Visa predicts cross-border payments will hit $250 trillion by 2027. In 2023, ISO 20022 standardized payments, enhancing transparency and security. Visa's survey of 6,500 consumers revealed 67% make monthly e-commerce purchases, 52% travel more than once a year, and 45% send/receive remittances monthly. 71% want payment guidance, with security as a major concern. Swift's GPI and distributed ledger technologies boost cross-border payment efficiency. CBDCs are gaining traction, monitored in 130 countries, covering 98% of global GDP.

🚢 Virgin Voyages selected Nuvei to manage in-app purchases on its cruise liners. The partnership enhances Nuvei’s collaboration with Virgin brands like Virgin Holidays and Virgin Atlantic. The Virgin Voyages app allows guests to book tours or top up Bar Tabs seamlessly. Phil Fayer, Nuvei CEO, and Michael Litwin, Virgin Voyages VP, highlighted the partnership's role in delivering secure, fast transactions, expanding Nuvei’s presence in the travel sector.

📅 Casago acquires Vacasa, expanding its portfolio to over 40,000 vacation rentals across North America, the Caribbean, Belize, and Costa Rica. Guesty becomes Casago's certified property management system to enhance franchise operations. Guesty’s HQ solution simplifies management, boosting occupancy and revenue. David Angotti, Guesty's Chief Evangelist, joins Casago as a senior advisor. Steve Schwab, CEO of Casago, emphasizes the importance of Guesty for franchise operations. Amiad Soto, Guesty's CEO, highlights the custom-tailored PMS product for franchisees.

📱 RoomRaccoon and GuestButler launch an AI-powered WhatsApp tool for hotels. Available 24/7, it automates 80% of guest queries, enhancing service without extra staff. This integration aligns with RoomRaccoon's AI strategy, which includes RaccoonRev Plus, a revenue management tool. According to Tymen van Dyl, RoomRaccoon's CEO, this new tech amplifies human hospitality. The service is now available globally for RoomRaccoon users, improving guest experience while streamlining operations.

📈 D-EDGE CRM is designed for hoteliers to boost direct revenue and guest loyalty by using AI-driven personalization to automate communications. It helps increase upsell conversions and saves time by consolidating guest data into a single interface. Hotels can create custom loyalty programs and synchronize with the D-EDGE Booking Engine to promote repeat bookings. This solution enhances targeted marketing campaigns and optimizes guest experiences.

🍹 U.S. restaurants miss out on $1.4 billion in revenue due to inefficient digital menus. By 2035, 50% of restaurant transactions could be digital, up from two-thirds of Americans ordering meals digitally each week today. Coca-Cola and Olo partner, leveraging AI tools across 88,000+ locations, including GoTo Foods, Dave’s Hot Chicken, and P.F. Chang’s, to drive beverage sales and growth. Embracing digital strategies has led to 10-point profit lifts and improved customer experience.

💳 Mackay reveals credit card fees surpass restaurant employee benefits costs, urging transparent pricing. Bobrukiewicz of Nigel POS stresses the need for fair software pricing, while Henshaw of In-N-Out highlights the necessity for flexible solutions. Krupp of OneDine identifies challenges: lack of standardization, business openness, and economic pressures in SaaS pricing. Trendell of Oracle calls for data integrity and openness in tech. Cotter of Chipotle advises thorough vendor evaluation, and Bedoka of Jack In The Box emphasizes adopting RTN standards.

MUNICH – June 30, 2025 – IDeaS, a SAS company and the world’s leading provider of hospitality revenue management software and services, today announced a strategic partnership with Munich-based hotel…

📈 Revenue management in the hotel industry is evolving from tactical tasks to strategic leadership. At a 200-room Manhattan hotel, automation via LodgIQ enables revenue managers to save hours, shifting focus from manual rate updates to strategic initiatives. The hotel's direct booking contribution is now over 40%. Utilizing automation, they capture room-type premiums over $500 on peak weekends, demonstrating enhanced pricing strategies, not risk-taking. This shift repositions revenue managers as key players in commercial decisions, aligning with digital marketing.

💻 HITEC 2025 session highlights Wyndham Hotels & Resorts' AI-driven guest experience strategy, featuring speakers Josh Dow and Jeff Thoman. Wyndham revamped its digital infrastructure over five years, benefiting 103 million Wyndham Rewards members. AI enhances call center efficiency and franchisee support, improving service and response times. Future innovations include AI-robotics integration and agent-to-agent communication. Leaders are advised to start with simple AI applications, emphasizing ongoing improvement and practical utility.