Follow M3 in one place. This hub gathers the latest news and product updates around M3’s accounting, financial and business intelligence platform for hotels, curated from trusted sources. Stay on top of a leading hospitality finance technology provider.
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Italy’s Luxury Hotels See Up to 40% Revenue from Food and Beverage as Gastronomy Gains Importance
28 July 2026📰 In 2025, Italy’s luxury hotels generated significant F&B revenues, with luxury properties making 25-40% of revenue from F&B. Hotel Villa d’Este earned €115.3 million, with €830 per room from F&B. Rome Cavalieri reported €68 million total revenue with F&B contributing 37%. Italy plans to increase luxury hotels from 760 to 900 by 2029, representing an 18% rise. Relais & Châteaux has over 210 Michelin-starred venues worldwide, showcasing Italy’s culinary prestige.
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Travel Tech Essentialist #181: Intent
8 August 2025📰 Google DeepMind’s Genie 3 revolutionizes AI-generated environments with real-time simulations like “a rainy street in Venice” at 24 fps. Pew data shows AI summaries reduce Google clicks from 15% to 8%, affecting sites like Wikipedia. Brennen Bliss advises travel marketers to prioritize bookable content. Google Ads shift to conversation targeting with over 100M users in AI Mode, expanding before Q4. Ryanair’s “League of Delays” highlights worsening air traffic delays in Europe. YC focuses on AI-powered startups for Fall 2025.
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Joann Kintzel Joins M3 as CEO Following Blackstone Acquisition
27 February 2025🏩 JoAnn Kintzel appointed CEO of M3, the cloud-based financial software for the hospitality industry, in Lawrenceville, Georgia, on February 27, 2025. She succeeds Allen Read, now Executive Principal. Kintzel, former CEO of Procare Solutions, is expected to drive growth under Blackstone’s ownership. Allen Read, a foundational M3 employee, has over 30 years of experience and has held multiple roles, including VP of Operations and President. M3 serves over 9,000 entities and has a 95% customer retention rate.
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Travel Tech Essentialist #158: Tailwinds
23 October 2024🏠 Marc Benioff, CEO of Salesforce, is excited about the company’s AI platform Agentforce, predicting over a billion AI agents on it within 12 months. At Dreamforce 2024, 10,000 customers tested the platform, which is poised to revolutionize industries by automating complex tasks and enhancing customer experiences. Salesforce contrasts its AI with Microsoft’s Copilot, likening it to the unhelpful Clippy. AI is expected to disrupt traditional OTA models, with companies like Equeco growing rapidly in the travel industry by managing…
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Where Your Hotel’s Finance Team Should be at this Point in Budget Season
17 September 2024This article was written by Hospitality Technology. Click here to read the original article It’s that time of year – budget season. “Budget” – even the word sounds daunting to most people. The good news is the budgeting process for your hotel doesn’t have to be overly difficult. The key assets when building a budget for your hotel company are: Organization Teamwork – with all departments supplying their input and information without delay. …
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Blackstone acquires hotel accounting tech specialist M3
16 August 2024This article was written by Phocuswire. Click here to read the original article Please click here to access the full original article.
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Business intelligence for hotels (+7 leading BI solutions)
8 August 2024📊 Hotel business intelligence (BI) enables strategic decision-making through data collection and analysis from various sources, like the property management system (PMS) and revenue management system (RMS). BI tools help visualize KPIs, streamline data collection, and optimize performance for increased revenue and enhanced guest experiences. Key features of BI software include advanced reporting, competitive intelligence, cloud-based services, forecasting, data management, multi-property functionality, and an open API. Cloudbeds Insights is one of seven highlighted solutions, integrating with existing systems and offering…
