ai
AI May Make Mistakes, But It Won’t Shoot a Customer
Shep Hyken | July 25, 2024
Customers are not yet 100% comfortable with AI technology. It still makes mistakes, which is frustrating. Consider these findings from our annual customer service and CX research (sponsored by RingCentral): 70% of customers said they would rather use the phone than self-service solutions including AI-fueled technologies like ChatGPT or voice recognition software. 63% of customers are frustrated when using AI or ChatGPT technologies. 56% of customers admit to being scared of AI and ChatGPT. Even with customers’ concerns and trepidation about interacting with an AI-fueled chatbot or voice recognition technol...
The Impact of Technology Trends on Transforming the Hospitality Industry
Ahmed Mahmoud | July 24, 2024
By Ahmed Mahmoud Digital transformation and the leverage of technology play an important role in today’s hospitality industry, especially in the post-pandemic era. Facing the challenges of labor shortage, the rising cost of operation, and the changes in consumer needs and behaviors, hospitality businesses need to pivot their services and products with the latest technology in order to keep their competitive edge. Every year, new technology emerges and dies. hotels either adopt them and thrive, or are left behind by their competitors, but technology doesn’t stop for anyone. Just like the hotel industry. In 2024, the hotel industry...
Is AI Over-Hyped? Or Do We Actually Need to Learn This Stuff?
Daniel Craig | July 23, 2024
After so much buzz about AI over the past two years, things have grown a bit quiet. Was it all just marketing bluster, or is generative AI still poised to transform how we work and live? For hoteliers, is it enough to dabble occasionally with ChatGPT or Gemini, or do you actually have to learn how to use these tools? To find answers to these questions, it’s helpful to look at the path new technologies typically follow from inception to mass adoption. Charting AI on the Hype Cycle Decades ago, Gartner introduced the Hype Cycle to map the maturation process of emerging technologies. The model is intended to help people and compan...
Robots? In My Hotel? Three Ways AI Is Stepping Up as Hospitality’s Next Great PMS Support Tool
Warren Dehan | July 23, 2024
Artificial intelligence is uniting departments and supporting hospitality from behind the scenes By Warren Dehan Where did all of these robots come from? While hospitality may seem like the last place you might expect to find Artificial Intelligence, this technology has significantly impacted how hoteliers do business. While most generative AI today reacts to text prompts, it will soon rewrite the rules for hotel operations. Properties of all sizes, branded and independent alike, will benefit from automation taking over repetitive, mundane tasks — but our industry often struggles to explain how this will play out in practice. Unlike scie...
Harmonizing AI and Human Touch in Hotel Management: Overcoming Challenges and Embracing Opportunities
HFTP | July 22, 2024
By Are Morch, Digital Transformation Coach for Hotels This article explores common pain points faced by hotel management and owners when integrating AI, along with actionable strategies to address them, all while maintaining a focus on the harmonious collaboration between technology and human expertise. In the era of AI, we must remember that the heart of hospitality beats with human warmth. The true power lies not in AI alone, but in its harmonious fusion with human empathy and creativity. This synergy elevates service, creating experiences that are both efficient and genuinely memorable. The Investment Hurdle Cost Concerns While A...
AI’s Impact on Hotels
CBRE | July 18, 2024
By Rachael Rothman, Jack Corgel, and Christine Bang Artificial Intelligence (AI) and technology enhancements for hotels promise enhanced customer service, higher margins and expanded research and booking, with improved experiences for guests. Of equal importance is the likelihood that AI and broader technology improvements will materially shift the relationship between hotel brands, third-party management companies and hotel owners, as well as the relationship between the online travel agents (OTAs), metasearch platforms and the brands, owners and managers. Key Takeaways Potential implications of artificial intelligence and technology en...
GrowthCurve Capital Acquires Duetto
Duetto | June 27, 2024
San Francisco, CA – June 27, 2024 – Duetto (“Duetto” or the “Company”), a leading provider of revenue management software for the hospitality industry, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”). GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders. Terms of the transaction were not disclosed. Duetto offers innovative solutions that simplify hotel operations and optimize revenue. With a focus on organic product development, data and integrations, Duetto connects disparate systems into a cohesive, efficient platform that drives profitability and g...
Navigating the Complex World of Conversational AI – Part 1
John Smallwood | June 27, 2024
Questions Every Hotelier Should Ask When Considering Guest-Led Conversational AI By John Smallwood, President of Travel Outlook June 2024 In the rapidly evolving hospitality industry, integrating Artificial Intelligence (AI) has become crucial for hoteliers looking to enhance guest experiences and stay ahead of the competition. As AI technology continues to develop, hoteliers need to ask the right questions to ensure they select the best guest-led conversational AI solutions for their needs. Not all conversational AI solutions are created equally, and what works for one industry may not be effective in hospitality. In this series, we d...