Innovation

🍽 Toast's 2024 survey showed 48% of restaurant decision-makers plan to prioritize catering in the next 12 months. In Q4 2023, catering orders increased before Thanksgiving and peaked in the first three weeks of December. Weekday orders were higher, especially Tuesdays (+25%) and Wednesdays (+26%), while weekend orders declined, with Saturdays 36% and Sundays 53% below the weekly average. Bakery items comprised 32% of Q4 2023 catering orders. The catering industry is projected to grow at a 6.2% compound annual growth rate, reaching $124 billion by 2032. Toast conducted their survey from May 17 to June 2, 2024, with a +/- 4% margin of error at a 95% confidence interval.

📈 Pickpad, a tech startup, is preparing for its initial full-scale pilot test in Chicago, offering POS-integrated solutions for foodservice pickup accuracy and customer notification with a "phygital" display. Integrated with Square, it aims to streamline restaurant operations. Meanwhile, Starfish, a software-as-a-service company launched in October, provides supply chain traceability without blockchain technology, already partnered with IBM Food Trust. Yelp recently launched AI-powered review insights for restaurant operators and predicts voice AI will grow from a $10 billion to a $49 billion industry by 2029, with 71% of operators considering AI implementation.

🏨 STAAH, a tech firm, analyzed hotel booking revenue in Oceania revealing the top distribution channels. Booking.com ranked first in New Zealand and Australia. Direct bookings via STAAH SwiftBook were second in New Zealand and third in Australia. STAAH's channel manager integrates with 500+ systems globally. OTA dominance is noted, though diverse strategies using OTAs, GDS, websites, and wholesalers are evident. New entrants like Trip.com and Hotelbeds appeared on the lists, with STAAH GDS being a significant gainer in both countries.

📃 Brand USA, a destination marketing organization, aims to drive international travel into the US, benefiting American citizens, businesses, and travelers. The organization embraces travel as a tool for diplomacy and empathy. Janette, serving as SVP Innovation and Chief AI Officer, focuses on preparing the industry to leverage new technologies like augmented reality, virtual reality, and AI, including predictive and generative AI. She discusses the transformative potential of AI in content creation and decision-making, emphasizing the importance of staying competitive by being "smart" rather than outspending other destinations. Janette's background in theater and tourism, along with her experience at Broadway.com and NYC Tourism, provides her with a diverse perspective on the use of AI. She became particularly interested in AI following the public release of ChatGPT in November 2022. Her role at Brand USA involves ensuring the industry is AI-ready by 2030, recognizing that knowledge work is continually evolving. The discussion touches on the significance of AI for efficiency and ethical business practices and the need for a framework to guide AI adoption within organizations, encouraging a balance of top-down and bottom-up approaches for successful integration. Janette stresses the importance of leading with wonder and embracing the fun aspects of AI to inspire innovation in the workplace.

🏨 On January 3, 2025, Martin Soler, a former hotel GM turned marketing strategist, discussed in a podcast episode how AI technology is transforming hotel operations, emphasizing experimentation, specificity in applications, and AI's role in streamlining work, improving communication, and maintaining competitiveness. Topics included AI adoption camps, benefits of AI dictation, AI for hotel GMs, marketing, documentation, stigma, confidentiality, security, corporate tool caution, and AI in RFP processes for meetings and events. Additionally, resources and a music credit for Clay Bassford of Bespoke Sound were mentioned.

🏨 In 2025, the hospitality industry sees the integration of 5 major hotel technology trends aimed at enhancing guest satisfaction. These include Artificial Intelligence (AI) and automation. The article does not provide specific statistics, dates, or locations related to these trends.

🛌 In the hospitality industry, chatbots reduce front desk staff's cognitive load by handling simple guest inquiries, allowing staff to focus on complex questions. A 2024 report shows 70% of hotel guests find chatbots helpful for basic questions but prefer humans for nuanced interactions. Integration issues arise when hotels adopt AI tools without unified structures, risking guest and employee frustration. Successful AI implementation requires employee involvement, training, and feedback. AI can also mine guest data for personalized experiences and operations improvement. Hotels should prioritize ease of AI adoption, employee benefits, and continual re-evaluation to enhance both customer and employee experiences. Author Bob Vergidis is the founder of pointofsale.cloud.

📈 Hanson Li, managing partner at Salt Partners, will share insights on back-of-house technology at MURTEC 2025. Salt Partners, based in the San Francisco Bay Area, develops and invests in the F&B industry and tech ventures. The company oversees various ventures, including Michelin-starred Saison and casual dining like Humphry Slocombe Ice Cream and Lazy Susan. Learn more about MURTEC 2025 at MURTEC.com.

🏖 Global travel gross bookings to rise from $1.6 trillion in 2024 to $1.72 trillion in 2025. Online gross bookings forecasted to hit $1.0 trillion in 2024 and $1.2 trillion by 2026, accounting for nearly 65% of total bookings. U.S. travelers in 2024 preferred domestic travel, while Europeans favored international trips. Phocuswright's report offers detailed insights into the global $1.61 trillion travel market, covering market sizing, trends, consumer behavior, technology, sustainability, payments, and funding.