Hotels Now Have a Critical Need for One-Stop Shop Platforms
Adam and Larry Mogelonsky | January 4, 2023
By Adam Mogelonsky, Larry Mogelonsky Often the personal can speak to the universal, so let’s start with a personal story of a 120-room, independent hotel that we were recently helping to resolve some tech issues. The key goal put forth by the managing director was to merge all guest data into a unified guest experience management system so that the property could ramp up packaging and upselling (pre-arrival and onsite) in order to drive total revenue per guest (TRevPAR) for when the post-pandemic demand surge had normalized. The problem was that the tech stack had become needlessly complex as single-use pieces were added iteratively o...
McNeill Hotel Company Forms Joint Venture Investment Partnership with Prospect Ridge
McNeill Investment Group | July 20, 2022
GERMANTOWN, Tenn.--Germantown, TN- based McNeill Investment Group (MIG), formerly McNeill Hotel Investors, today announced a strategic partnership with Prospect Ridge, a prominent national private equity real estate investor, and Fulcrum Hospitality, a hospitality investment operating partner, advisor, and asset manager. McNeill Investment Group Executive Chairman Phillip H. McNeill, Jr. made the announcement. McNeill contributed 12 of its wholly owned newer vintage, premium branded select-service and extended stay hotels focused in dynamic University and Medical Center submarkets to the new partnership. McNeill retains property manage...
Agilysys Introduces 13 Hospitality Solution Studios™ Tailored to Maximize Return on Experience Based on Venue Characteristics
Agilysys | June 28, 2022
-- Booth #925 at HITEC Orlando 2022 will feature 13 Hospitality Solution Studios that combine Agilysys core PMS, POS, and Inventory & Procurement systems with specific Experience Enhancers™ based on how guests and staff interact in specific venues -- ORLANDO, FL and ALPHARETTA, GA — JUNE 28, 2022 — Acknowledging that Return on Experience (ROE) impacts business success in a variety of venues outside of hotels, resorts and casinos, Agilysys, Inc. (NASDAQ: AGYS) is introducing at HITEC Orlando 2022 13 Hospitality Solution Studios, each tailored to improve ROE in a specific type of venue. ROE measures how technology creates more en...
Leisure Hotels & Resorts Selects Stayntouch to Deploy Its Flexible Cloud-Native PMS Across 4 Upscale Independent Properties
Stayntouch | February 1, 2022
As its Digital Welcome and Operations Solutions Continue to Gain Traction Across the Industry, Stayntouch Partners with Leading Management Company February 2nd, 2022 [Bethesda, Maryland] Stayntouch, a global leader in guest-centric cloud hotel property management systems (PMS) and contactless technology, today announced a partnership with Leisure Hotels & Resorts, a leading comprehensive hospitality management company that specializes in upscale destination markets and unique independent brands. Stayntouch will now deliver their flexible PMS solution to four of Leisure Hotels’ Midwest and Mountain properties, totaling 469 rooms. ...
Agilysys to Acquire Resort & Hotel Management Software Provider ResortSuite
Agilysys | December 16, 2021
Acquisition Will Strengthen Agilysys’ Presence In The Resorts and Hotel Property Management Systems (PMS) Space. Alpharetta, GA and Toronto, ON, Canada, December 16, 2021 -- Agilysys, Inc. (NASDAQ: AGYS), a leading provider of next-generation SaaS software solutions, today announced it has entered into a definitive agreement to acquire ResortSuite, a Canada-based fully integrated property management solution provider focused on the complex multi-amenity and resort market. This acquisition creates the opportunity to bring next-generation SaaS solutions to ResortSuite customers who have been served well by a trusted partner for more than ...
Autohost and Streamline Vacation Rental Software Partner to Provide Increased Security for Property Managers as Travel Rebounds
Autohost | June 29, 2021
Toronto, Canada, JUNE 29, 2021 - Guest-screening and verification software provider Autohost today announced a partnership integration with best-in-class property management software provider Streamline Vacation Rental Software. The relationship provides increased security to Streamline customers, including access to Autohost’s unique guest verification and online check-in automation platform. This partnership comes just in time as the COVID-19 pandemic winds down and property managers prepare for a surge in revenge travel. With an increase in travellers comes an increase in risky bookings that can lead to parties, property damage...
Agilysys Reports Fiscal 2021 Fourth Quarter Revenue of $36.3M
Agilysys | May 19, 2021
Reports Record Recurring Revenue of $22.9M and Adjusted EBITDA of $7.1M and Quarterly Free Cash Flow of $13.0M and Cash Balance Increase of $6.6M to $99.2M Announces Fiscal 2022 Revenue Guidance of $160M to $170M with Adjusted EBITDA of 15% Alpharetta, GA – May 19, 2021 - Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation cloud-native SaaS and on-premise hospitality software solutions and services, today reported operating results for its fiscal 2021 fourth quarter and fiscal year ended March 31, 2021. Summary of Fiscal 2021 Fourth Quarter Financial Results • Total net revenue was $36.3 million, compared...
Debunking 8 Myths of Mobile Check-In; What This Technology Can/Cannot Do for Your Hotel
Warren Dehan | May 4, 2021
Mobile check-in is ideal for independent hotels due to its ability to be used by anyone with a mobile device while personalizing the stay experience to meet each guest’s preferences By Warren Dehan For many hoteliers, 2021 is likely to be a year of experimentation, both with new technology and existing tools that have gained new purpose. The abrupt end to the previous business cycle, brought on by the arrival of COVID-19, showed the industry guests are looking for increased flexibility with regards to the check-in process. Traveler interest in mobile check-in was rising before the pandemic, but today it is almost a necessity t...
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