Innovation

🖥 Net Affinity, a hotel tech provider, merged with Hotel Tech Group (HTG) following Connected Capital's investment in Smarthotel and Hoteliers.com in 2024. The partnership aims to create a growth-oriented technology group for hotels. Net Affinity offers a booking engine and direct business tools, while the HTG product portfolio includes booking, website solutions, PMS, OTA, GDS connectivity, and payment solutions. William Cotter of Net Affinity and Pitrik van der Lubbe of HTG highlighted the benefits for clients, including unified distribution, booking, and payment solutions, enhancing guest experiences. Pegasus Capital advised Net Affinity throughout the partnership process.

🏠 Custom Travel Solutions launched an AI-powered Booking Reconfirmation Tool to automate booking confirmations and reduce errors. The tool integrates with CMS via API, verifies reservations with a human-like voice, and provides real-time updates. It is aimed at improving accuracy and guest experience in the travel industry. CEO Mike Putman claims it revolutionizes efficiency and scalability. The service is currently available for client onboarding.

🏖 AI and technology are poised to transform the tourism and short-term rental (STR) industries by guiding guests to local businesses, reducing anti-social behavior with tools like Airbnb’s anti-party screening, enhancing policy decisions and data-driven diplomacy. AI can analyze tourist spending patterns and inform dynamic pricing models for tourist taxes. Collaboration and clear communication of data, such as economic impact and job creation, are essential for the STR sector to support communities and improve its reputation.

🔌 Smart kitchen appliances improve restaurant and hotel operations by automating tasks, reducing prep time with devices like robotic fryers, and allowing for voice control via platforms like Amazon Alexa and Google Assistant. They provide energy and cost savings through efficient designs, predictive maintenance, and reduced waste. Smart tools enhance food quality and safety, ensuring precision cooking and supporting HACCP compliance. Data-driven insights from connected devices inform inventory management and operational efficiency, while enhancing customer experiences by accelerating meal prep and offering personalized options.

📡 Custom Travel Solutions introduced their AI-Powered Booking Reconfirmation Tool, automating booking confirmations and eliminating errors. The tool integrates with CMS via API, allowing scalable, real-time updates. It reconfirms bookings with AI voice calls, handling three attempts and logging details. Mike Putman, CEO & Founder, highlights improved accuracy, resource optimization, and enhanced guest experiences. This innovation cements CTS’s leadership in travel technology for clubs, loyalty programs, and financial services.

🏠 Custom Travel Solutions (CTS) introduced an AI-Powered Booking Reconfirmation Tool that automates the booking confirmation process, enhancing accuracy and efficiency. This technology, capable of imitating human voice, confirms bookings via API-integrated calls and is now available for client onboarding. It ensures the reconfirmation of reservations, like "Susan P. reconfirmed for John Smith at 9:03 AM on December 12, 2024, for a stay on January 2, 2025." The tool, designed to scale and optimize resources, reduces operational costs and errors, improving the guest experience. Mike Putman, CEO & Founder of CTS, emphasizes its game-changing impact on booking accuracy and guest experience in the travel industry.

🍻 In the U.S., 35% of legal-aged Americans participated in Dry January in 2022, with many reducing alcohol consumption permanently. Bacari, a Los Angeles-based chain, and Another Broken Egg Cafe with 102 locations, noted a decrease in alcohol sales. Mocktails have surged in popularity, with menu mentions up 37.4% since 2019. These zero-proof drinks are priced around $6-$18, nearly matching the profit margin of alcoholic beverages despite lower costs. Bacari's complex "Waste Not Want Not" and Dirty Habit's "Lavender Lie" exemplify the trend towards inclusive, premium alcohol-free options.

🏨 A survey by the American Hotel & Lodging Association indicates 67% of hotels experience staffing shortages, with 12% severely understaffed. These shortages impact guest satisfaction and operational efficiency. AI technologies are being used to enhance guest experiences, but property technology integration can better address staffing issues by automating routine tasks, improving revenue management, and increasing operational efficiency. An integrated technology approach can help hotels optimize operations and alleviate staffing challenges without removing the human touch essential for memorable guest experiences.

💾 61% of consumers prefer personalized experiences and would pay more for them. AI in hospitality can summarize guest profiles for a personalized welcome. Flexible payment options, including one-click payments and popular local methods, enhance guest experiences. Multilingual booking engines improve conversion rates. Engaged guests spend 46% more than disengaged ones—a difference of $230 on a $500 expenditure. Email marketing in hospitality can yield a 42:1 ROI. Personalized check-ins offer guests control, with options for digital keys or traditional methods. The Chloe in New Orleans, using Mews, exemplifies personalized guest experiences by starting with a cocktail.