Innovation

📖 On September 13, 2024, the "Hospitality Daily" podcast released an episode titled "How Do You Stay in Love? (Josiah Mackenzie)" focusing on hospitality as a craft. Key points discussed included the challenge of staying passionate in hospitality work (02:38), methods for disconnecting and restoring oneself (04:04), and the significance of love in the industry (00:31). Listeners were invited to share insights via LinkedIn and subscribe for daily episode summaries at hospitalitydaily.com/subscribe. Music credit was given to Clay Bassford of Bespoke Sound.

🔔 - Published on: September 12, 2024 - Updated on: September 13, 2024 - Author: Suniti Bahl - Platform: Hotelogix Blog - Subject: Hotel Property Management Systems (PMS) - Content: Information about PMS solutions, types, benefits, integrations; advice on selecting a suitable PMS - Visuals: Featured image (size: 1200x800) - Associated with: Hotelogix, Facebook @Hotelogix - Article Link: [What is a Hotel PMS (Property Management System)?](https://blog.hotelogix.com/what-is-a-hotel-pms/) - Related resources: RSS feed, web mentions, stylesheets, and fonts from Google APIs - Technical: Site uses Ghost 5.94; AMP link provided; Responsive web design enabled

🏨 Since ChatGPT's release in November 2022, AI has taken the hospitality industry by storm, enhancing guest experience and hotel operations. Generative AI, like ChatGPT, creates content, while Machine Learning employs Natural Language Processing for tasks like sentiment analysis. AI's impact on hotels includes reputation management, personalized guest experiences, predictive maintenance, and real-time revenue management, with 61% of consumers willing to pay more for personalized services. Cloudbeds integrates AI for insights and operations, with their annual Passport User Conference on October 23rd showcasing the latest advancements.

🔔 Hoteliers can leverage confidential matching, a private and secure method of using first-party data without exposing sensitive customer information, to enhance digital marketing and customer trust. Utilizing Trusted Execution Environments (TEEs), this technology is incorporated into Google Ads Customer Match, providing compliance with privacy laws like GDPR at no additional cost. Hotel marketers are encouraged to adopt these privacy-enhancing technologies to stay competitive and ensure personalized experiences for guests.

🍯 Novameat, specializing in plant-based products with a fibrous texture for the foodservice industry in Europe, has raised $17.4 million in a Series A funding round. The capital will support expansion into new regions, the launch of Shredded Nova-b*ef on 16 September, scaling production, and accelerating R&D. The funding was led by Sofinnova Partners and Forbion via the BioEconomy Fund, with additional reinvestment from Unovis Asset Management, Praesidium, and Rubio Impact Ventures. CEO Giuseppe Scionti aims to empower wellbeing and sustainability with their offerings.

📊 Fourth has launched Fourth iQ, an AI tool for restaurants to enhance operations, profitability, and user experience. Pizza Hut, Noodles & Company, and Chili’s benefit from AI forecasting for scheduling and inventory, including a Real-Time KPI dashboard. Fourth iQ is part of Fourth’s solutions like HotSchedules, PeopleMatter, and MacromatiX. Noodles & Company's sales forecasting improved by 20%, saving $4 million in labor costs, while Chili’s saved 600 weekly labor hours. Bar Louie, with 63 locations, is also adopting Fourth iQ to streamline operations.

📡 Booking Engine providers struggle with integration due to a lack of industry standards. HyperGuest offers a solution with its one API integration, simplifying connectivity, saving time and costs, and providing competitive advantages. The platform's single API allows for streamlined operations, offering support, value enhancement, and strategic distribution benefits. Contact enzo.aita@hyperguest.com for more information.