Innovation

📖 Growth.Design offers a free cheat sheet summarizing cognitive biases principles, aiming to serve as a user empathy tool for feature development. Renowned author Nir Eyal endorses the resource as an ethical design reference for enhancing user experience. The cheatsheet is available for PDF download.

📓 Key facts extracted from the provided article content include: - Subject: Hotel Management Software for Small Hotels. - Focus: Streamlining operations and enhancing guest experiences. - Source: Hotelogix Blog. - Date of content: October 3, 2024 (Published), October 4, 2024 (Last Updated). - Author: Hotelogix Marketing. - Social Media: Mention of Facebook account - https://www.facebook.com/Hotelogix. - Article features an image with dimensions: 1200x686 pixels. - Mention of the software version: Ghost 5.95. - Reference to web technologies: RSS feed, webmentions, CSS minification. - Canonical URL for the article is https://blog.hotelogix.com/hotel-management-software-small-hotel/. - The article is likely formatted with a Table of Contents and is optimized for various screen sizes, indicated by meta tags like "width=device-width, initial-scale=1.0". - Accessibility features like a noscript section are included for loading stylesheets when JavaScript is disabled. Summary: Discover the benefits of Hotel Management Software for small hotels in the latest Hotelogix Blog, published on October 3, 2024. Enhance guest experiences and streamline hotel operations as detailed in the article. Follow the latest trends with Hotelogix, using their up-to-date platform Ghost 5.95.

🍪 Third-party cookies, essential for digital advertising by tracking user behavior for nearly three decades, are phased out due to privacy concerns and regulations like the EU's GDPR and California's CCPA. These laws mandate user consent for tracking, leading to browsers like Safari and Firefox blocking third-party cookies by default, and as of 2022, Apple requiring third-party app user consent.

💳 TRAY, a POS system provider, expanded its partnership with Alraedah Finance from Saudi Arabia in 2023, securing significant investment and exclusive reseller rights in the MENA region. This agreement enables SMEs and Enterprise customers to access TRAY's POS solutions in local languages and currencies. With TRAY's technology and Alraedah's expertise in data analytics and product development, the partnership aims to enhance customer experiences and optimize operations in the hospitality industry. TRAY also plans to develop TRAY-branded financial products like TRAY Capital and TRAY Pay.

📍 Travel Tech Essentialist introduced "Deep Dives," a new series focusing on influential travel tech companies, with Dharma being the first featured company. Dharma, a travel company that curates passion-led journeys, was established in Abu Dhabi and joined Mubadala’s Hub71 program. Charaf El Mansouri, Dharma's founder, aims to offer unique travel experiences, transforming travel into secular pilgrimages, a concept which allows non-travel professionals to plan and sell trips. Dharma's strategy includes creating 'unique content' with over $10.5 million in funding, $5 million in listed supply, growing at 25% per month, and partnering with more than 150 hosts. By 2026, Dharma aims to build a $1 billion inventory of unique travel content. A Thrillist survey found that 72% of Gen Z and Millennials consider travel core to their identity, and 88% view it as essential for personal growth. Dharma targets $6 million in revenue for 2024, leveraging influencers and creators to expand into new markets. They charge an 18%-25% commission on bookings, focusing on trust with creators, guests, and operators.

💻 A study by Hospitality Technology found 68% of hoteliers see digital transformation as essential for growth. Unplanned downtime costs average $5,600 per minute, with hospitality breaches reaching $3.86 million per incident. By 2025, IDC predicts 80% of hospitality businesses will use cloud-based systems. 76% of hoteliers intend to invest more in integrations, and frequent software deployments are linked to a 40% higher likelihood of achieving business goals. Mews deployed 150 product releases in 2023.

💸 IDeaS G3 RMS Certified User credential introduced in 2021 for users with six months of IDeaS G3 RMS experience. The certification process, no longer requiring proctored exams or three-year renewals, involves a 110-minute exam within a 24-hour period. Benefits for certified individuals and companies include maximizing system value, validating expertise, proving credibility, efficiency improvement, problem-solving enhancement, data-driven decision-making, and recognition. IDeaS offers ongoing learning opportunities to stay current with evolving revenue management practices. Ready to stand out in revenue management? Embrace the IDeaS G3 RMS certification.

📊 Enterprise applications are on the cusp of a profound transformation, with expectations that by next year, agentic systems will substantially alter organizational applications and operations. These systems, deploying hundreds or thousands of agents, aim to automate enterprise processes to a degree that could reduce the human workforce needed for common business tasks by 90%. This shift is anticipated to significantly impact productivity, similar to the mass production revolution. The change is projected to evolve over the next five to ten years, radically improving productivity through AI-native processes that will challenge businesses to adapt or risk being disrupted.

🏡 Red Roof held its 2024 Brand Conference, revealing a new hotel prototype, partnerships, and team expansion. The company, with a 51-year history, recently surpassed 700 hotels. President Zack Gharib introduced the new 80-room, scalable prototype with development costs of $84,000-$105,000 per key, excluding land. A focus on cost and aggressive expansion includes 35 pipeline hotels and 15 projected openings by year-end across Red Roof Inn, Red Roof Plus+, The Red Collection, and HomeTowne Studios. Partnerships with Sojern and integration of HotelKey's management system aim to enhance guest experience. Leadership team strengthened with CFO Tara Henderson and general counsel Gerrod Bede.

📊 Aimbridge Hospitality in Plano, Texas introduced Aimbridge Intelligence, a data reporting platform offering transparency and collaborative tools for owners. The technology, part of OwnView portal, allows near real-time access to STR performance, RevPAR Index, profitability, guest service, and turnover data. CEO Craig S. Smith emphasized their commitment to being a trusted hotel operator, with CIO Keryn McNamara highlighting the platform’s groundbreaking data product and its future AI and machine learning integrations for demand forecasting.