Mon. Mar 4th, 2024

Metrics such as occupancy and revenue likely will return to pre-pandemic levels, but the hospitality industry has forever changed. Currently, there are three trends in play that are influencing the shape of things to come. And although it may not be immediately evident, having a robust and complete Hotel Payment System will be integral to fully capitalize on these marketplace dynamics. Let’s discuss them

Trend 1 – A More Personal, Yet Independent Guest Journey

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The first is an evolving guest journey. The guests themselves have changed, and their expectations are different. They now insist upon a certain degree of high-tech and low-touch options. Their mantra: know my preferences but give me my independence and flexibility. An integrated payments platform lets guests pay with maximum convenience and minimal touch, while giving hoteliers key insights. For instance, by using a payments platform that supports card tokenization, returning guests can check-in and pay even more seamlessly (without compromising security). They can also skip the checkout queue without worrying about the hotel pursuing them for an unsettled bill.

Trend 2 – The Continuous Search for Non-Room Revenue

As the industry recovers, the search for ways to bolster non-room revenues will intensify. Whether it’s promoting hotel rooms as co-working spaces, Staycations, culinary experiences, or just vouchers and gift cards – we expect the industry to pursue a variety of initiatives to diversify revenue. But such efforts will require different payment environments – and the need for a flexible payments infrastructure. For example, the ability to seamlessly switch to per-hour billing might become a new stapl

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