Can You Run a Hotel Chain from a Mobile Device?

The next time you leave your house, take a look around you. Wherever you are, and whoever you’re with, there is sure to be one commonality observed – the presence of a mobile device. Mobile technology and the digital age have long since descended upon our daily experience and, in many ways, completely transformed how we engage with the world both professionally and personally.

Mobile devices are the 24/7 hub of information, digital connection, and self-service convenience. It is what we use to call or text our loved ones, answer emails on the go, engage on social media, get answers to burning questions, capture memorable moments and growth opportunities.

It should come as no surprise that mobile is transforming the travel and hospitality industry as we know it, both from an external perspective (guest-facing) and an internal perspective (end-to-end operations). Mobile, cloud-based technology plays an integral role for today’s hoteliers, empowering them to meet the guest demand for convenience and personalization while delivering enhanced data capture, increased automation, seamless connectivity, and more. The saturation of mobile also means that guests — and staff — expect easy-to-use interfaces and seamless cross-device experiences.

According to a recent travel trends report, 88% of hotel guests wish to have a mobile application that can deliver them a personalized experience. Furthermore, 70% of millennials are likely to book holiday accommodations using a tech amenity like mobile payments, Smart TVs, or keyless entry. From an operational perspective, digital transformation is predicted to play a significant role in business growth across sectors like hospitality in the next decade.

Deloitte reports that the implementation of digital technologies can help accelerate progress towards enterprise goals such as financial returns, workforce diversity, and environmental targets by 22%. Surveys with top executives also reveal that digital transformation’s top benefits include improvement of operational efficiency (40%), faster time to market (36%), and meeting customer expectations (35%).

In this way, mobile technology isn’t just a part of the future of hospitality – it is the future of hospitality.

Hotel Guests Crave a Mobile Experience, Including Apps

Consider this: Hotel mobile applications help approximately 70% of travelers make booking decisions, and about 74% of travelers say they would prefer using a hotel application for booking and other details. Moreover, 62% of guests would be likely or very likely to check-in to a hotel via an app, 77% would like to request room service and other hotel facilities through the use of their mobile, and hotels that offer a mobile app see an 18% increase in room service orders.

Finally, there are currently 5.22 billion unique mobile phone users around the world (two-thirds of the entire worldwide population), and research reveals that 76% of consumers make purchase decisions on mobile devices because it “saves them time.”

Believe it or not, this is still only the tip of the iceberg. The mobile revolution is already well underway. The use of mobile apps within hotels creates an environment in which high-touch, traditional service is effectively paired with seamless, digital convenience. One service model does not replace the other; instead, they work in a lock-step to ensure guest service is continuously delivered according to brand standards, no matter the size or scale of the property. Those guests who prefer an in-person service exchange will benefit from enhanced staff engagement and quick response times. In contrast, those guests that prefer the instant gratification and autonomy provided by a mobile app will readily embrace a digital self-service experience.

Mobile apps offer a wealth of opportunity for hotels – they can act as a digital room key, a thermostat or entertainment hub, a marketing medium, a portal of information (social media accounts, loyalty rewards, 24/7 mobile concierge assistance, local information, amenity details, etc.) a means to check-in and out of the hotel, a booking system for amenities, upgrades, and experiences, and so much more. The flexibility, accessibility, and convenience offered by mobile apps can not only improve guests’ on-property experience but establish new opportunities for engagement and guest connection that contribute to enhanced guest loyalty.

This is especially important when we look to the post-pandemic landscape, as the hospitality industry struggles to hire back and retain key talent. While the industry has always grappled with high staff turnover, the impact of the COVID-19 pandemic has exacerbated this skills gap and, as a result, hotel brands must learn to do more with less. In many cases, the only way to effectively meet ever-evolving guest demands – especially on the heels of the pandemic, when enhanced safety protocols and procedures remain the primary focus – is to invest in digital technology that helps to offset operational demand.

To this effect, McKinsey reveals that the most successful organizations that dealt with the pandemic reported a variety of technology-related capabilities. With the help of mobile apps, hoteliers can effectively maximize staff productivity by automating cumbersome tasks that were once left to manual devices. This empowers staff members to redirect their time and energy where it matters most: the guest experience and their continued safety and satisfaction.

Can Hoteliers Effectively Manage Their Property from a Mobile Device?

Perhaps one of the most critical roles mobile technology has played in the hospitality industry is in the long-awaited departure from legacy platforms. In the past, core hospitality platforms such as PMS, CRS, and RMS were not only cumbersome and resistant to continued evolution – but their software often kept users essentially chained to the front desk or back office. Legacy technology simply couldn’t offer the on-the-go, flexible access that is now offered by cloud-based systems, which effectively allow hoteliers to manage operations at any time, from anywhere.

In a sense, these platforms were largely immobile and rigid, despite servicing an industry that runs in a 24/7, guest-centric manner. From a scalability standpoint, these systems also failed to offer easy upgrade or integration opportunities, which consistently create a bottleneck for hoteliers hoping to streamline and scale their operations while building out a more intuitive, future-friendly technology stack.

Specifically, this is where we’ve witnessed the rise of cloud-based microservices architecture. Technology vendors that aim to deliver truly flexible, cost-effective, and future-proof solutions to hotels utilize a collection of loosely coupled, vertically integrated services (applications) to implement business capabilities. In simpler terms, a microservices architecture (made famous by innovation leaders like Amazon) allows hoteliers to “break up” their software into individual components, based on the unique needs of their property, while benefiting from disparate functionality that can be connected via APIs to form the larger application ecosystem.

Moreover, utilizing a microservices framework, hoteliers are better equipped to deal with a high volume of requests while protecting the exchange of sensitive data across various platforms. When they do occur, which is rare, security issues are contained within each component rather than impacting the entire digital ecosystem.

Microservice-based architecture to enable plug-and-play software components is highly customizable – businesses can effectively build the systems they need to run their hotel precisely as they see fit. From revenue management to property management, guest relationship management, reservation management, channel management, and more, the possibilities are, quite literally, limitless. If a hotelier needs it, it can be created and vertically integrated. And yes, as you might have guessed, this can all be managed with ease from a mobile device. An executive from a 1,400-property hotel brand is currently running their entire business from his mobile device, with credit to the microservices architecture offered by APS (Above Property Services). Just as the mobile experience has transformed the guest experience, mobile technology is currently changing the way hoteliers do business – and it shows no signs of slowing down.

The demand for a mobile experience catered to the needs of both guests and staff alike is, quite simply, a demand that cannot be ignored or understated. Any industry that lives and dies at the hand of consumer opinion must remain increasingly agile and innovative in its service approach.

Understandably, hospitality is no exception – if anything, it is the ultimate case study. Hoteliers simply cannot expect to attract and maintain guest approval and loyalty if they remain reliant on legacy technology and resist the mobile revolution that has changed virtually every aspect of our lives. The only way to stay ahead of guest demands and industry trends is to adopt technology that allows you to move quicker than the competition. The flexibility, scalability, and functionality offered by cloud-based, mobile-first technology allows hoteliers to better serve and connect with their guests. At the same time, the convenience and high-touch personalization delivered to guests via mobile platforms and hotel apps is setting the new industry precedent for great service.

Ultimately, mobile-first technology leveraging next-generation infrastructure presents hoteliers with the opportunity to – finally – redefine what it means to be a premier hospitality provider in an increasingly digital and demanding age. In this way, continued mobile innovation is the ultimate catalyst to continued industry growth and evolution and the key to a successful hotel brand both now and in the future.

Redefining the real estate landscape: Proptech

Accelerated adoption and advancements in the latest technologies have disrupted the way organizations across industries do business. However, unlike retail, healthcare, or transportation, the real-estate sector has been considered a laggard in technology adoption. According to the latest report, Emerging Trends in Real Estate by PwC, COVID-19 has accelerated change in the real estate industry, focusing on social justice and safety, and wellness amid a backdrop of economic uncertainty. Real estate industry players invest and adopt accelerated digital transformation to stay ahead of the competition and ensure business resilience in a technology-dominated future market. Proptech is gaining momentum and is redefining the traditional way of buying, selling, renting, and investing in real estate.    

What is Proptech?  

Proptech refers to the practice of incorporating technology into the real estate industry. Proptech players are committed to creating efficient & customized digital solutions for real estate developers, investors, insurance providers, brokers, and property management companies. This cross-industry technology collaboration is set to change the way people research, rent, buy, sell, manage, and invest in real estate.  

Image Source: Proptech Capital

Here is a list of Proptech technologies redefining the real estate industry: 

Artificial Intelligence & Machine Learning  

AI and machine learning-enabled platforms allow enterprises to make insightful decisions. Processing a huge amount of available data enables companies to personalize and offer properties based on individual customer preferences, personality traits, and values, rather than just geographic location or size. It can also analyze and predict any safety hazard or construction defects, saving time and money. It also helps enterprises foresee future competition concerning any geography by evaluating the probability of occurrence of relevant events such as changes in the demographic pattern of the micro-market, income distribution of individuals in the vicinity, project viability in the future. Furthermore, correctly trained and designed Artificial Intelligence & Machine Learning algorithms are helpful to determine the property valuation and help predict the pricing trends more precisely.  

Augmented Reality and Virtual Reality  

The digital era has changed customer behaviour – people now search online before making any purchase. Potential real estate buyers are no exception. Augmented Reality and Virtual Reality technologies open a new arena for real estate providers to make the buying experience more exciting and accessible. Maintaining a demo project has been a pain for real estate developers, costing them time and money. AR/VR enables them to create and conduct virtual tours of properties for their potential customers, which will allow them to experience the final product even before construction begins from the comfort of their own homes. This will also benefit long-distance customers who can’t physically visit the project. Real estate providers can use virtual tours that detail various parameters of the property, such as temperature control, safety precautions, community guidelines and help them get acquainted with the property well in advance. Virtual tours can also provide a realistic view of the project to the prospective customer. Their expectations are set before project initiation and can help deliver the final project by meeting the customer’s expectations.  

Robotic Process Automation  

Real estate and property management involve multiple documents that are data-heavy & rules-based, which reduces the productivity of employees and the business. Real estate companies can now bank on robotic process automation to automate these rule-based tasks and enable valuable human resources to focus on business-critical functions. Real estate operations such as tenant onboarding, portfolio management, payment reminders, NAV calculations, KYC compliances, maintenance scheduling, work orders, listing management, rent management, etc., can be automated leveraging RPA. Focusing on business-critical functions, such as interacting directly with potential buyers and sellers, enhances the probability of more closed deals, resulting in positive revenue growth. RPA improves transparency and visibility into various business processes, thus enabling realtors faster and wiser property management.  

Internet of Things (IoT)  

The Internet of Things (IoT) is helping the real estate industry grow and manage businesses more efficiently than ever before. IoT devices can send alerts and notifications to tenants or property managers in case of a safety hazard or other emergency issues. They can also keep track of maintenance history, identify potential problems and allow for predictive maintenance. IoT devices can also help property managers understand tenant behaviour and preferences to improve properties and provide a superior customer experience. Before making a purchase, any prospective customer or tenant can evaluate the property’s history on maintenance, electric works, plumping, fire incidents, etc., through its connected IoT devices. Processing the immense variety of data available from IoT sensors through advanced analytics poses the enormous potential to offer meaningful & valuable insights that will change the way real estate works.  

The Future of Proptech  

The Proptech ecosystem is rising and will undoubtedly continue to grow, with budding start-ups becoming larger, global enterprises. Proptech will redefine the real estate industry, just like FinTech transformed financial services and InsurTech transformed insurance services. For real estate organizations to thrive and prosper in the increasingly digitalized future, understanding and effectively utilizing Proptech solutions is the way ahead.   

 

Technology trends remodeling the Retail Industry

2020 put businesses across industries in quite a challenging position. Many that struggled to keep up with the disruption reimagined their business models to function in the new normal. Retail is one of the industries that the pandemic affected the most. Although eCommerce and online shopping weren’t new concepts, they took centre stage, and many new technologies were adopted to redefine the retail process. The modern customer does everything virtually and has started to see the world differently. Therefore, retailers must develop unparalleled innovations to provide unmatchable online shopping experiences that meet customer expectations and changing demands.  Emerging technologies such as Artificial Intelligence, Machine Learning, Big Data Analytics & Augmented and Virtual Reality have paved the way for digital transformation in the retail industry for years to come. This article will take you through the top technologies and trends that are transforming the retail industry and helping businesses to stay afloat in the current circumstance. 

  1. Omnichannel customer engagement 

Omnichannel customer engagement goes beyond making physical stores’ products available online. It is about engaging customers on new online channels such as social media, marketplaces, brick-and-mortar stores, and offering a frictionless shopping experience across various touchpoints. According to a study by eMarketer, cashier-less checkouts, curb side pickups, and streamlined digital experiences contributed to increased shopping frequency and improved sales in 2020. Therefore, omnichannel customer engagement is vital to interacting with customers and providing a consistent shopping experience across channels. Retailers must synchronize various channels such as social media, phone calls, online searches, chats, and physical stores, ensuring customers interact with the business at various points and are provided a personalized experience on each of them.  

  1. Data Analytics to track customer behaviour 

It is essential to track the customers’ behaviour and activities across all channels to create a more intuitive shopping experience for them. Data Analytics allows retailers to monitor the customers’ in-store and online store activities. It gives insights into various metrics such as the number of visits to their store per day, new and returning customers, and the success of their marketing initiatives. These insights allow retailers to make more informed decisions and better engage their customers.  

  1. Contactless payments and seamless checkouts 

The need of the hour for retailers is to provide a frictionless customer experience while keeping human touch as limited as possible. Cashier-less checkout technologies and contactless payments are in high demand due to the security, speed, and convenience they offer. Touch-free technology provides a convenient retail experience by scanning each item that a customer picks up using an app and sensors and automatically charging them for the things they have picked. Contactless checkouts will flourish in the retail sector, and retailers are working closely with FinTech companies to build quick and efficient contactless payment models.  

  1. Demand forecasting with Machine Learning 

There has been a vast difference in customer demand due to the pandemic. As a result, it has become a significant challenge for retailers to understand and predict customer demand and take necessary actions to meet the shifts in the market and stay on top of the industry. Data and Machine Learning can make forecasting customer demand more accurate while improving inventory management and supply chain management. Machine Learning-based demand forecasting lowers logistics and warehouse expenses, prevents overstocking, and supports sustainable production and consumption.  

  1. Hyper-automation with Artificial Intelligence 

Speed, agility, and efficiency are the critical factors that determine the success of a business. Artificial Intelligence-led automation makes the retail processes more cost-effective and the shopping experience more convenient for customers. AI systems can assist the customers by directing them to the store’s exact location and suggesting related items that might interest them. Robotic Process Automation (RPA) enhances inventory management and distribution and warehouse management processes. It eliminates repetitive daily tasks that do not provide any additional value and improves service quality and compliance across the retail value chain. Soon, driverless vehicles and drones will also play a vital role in retail transformation.  

  1. Immersive shopping experience with AR and VR 

AR and VR enable retailers to make shopping more powerful and experience-driven. According to a recent study, by 2025, the AR and VR market will reach 1.1 billion globally. Since customers now shop more online than in brick-and-mortar stores, it is vital to give them a seamless ‘try-on’ experience to help them make quicker and better decisions. With Augmented Reality, customers can use their smartphone to bring products to life and see how they will look on themselves or in their homes. Companies like Sephora, IKEA, and Lego use AR and VR to make digital shopping a lot exciting and personalized. In addition, retailers can use experiential marketing and virtual fitting rooms to reduce their operating costs while providing safe and engaging experiences to their customers.  

The future of retail  

The adoption of emerging technologies has saved the retail industry from drowning and help in tackling the disruptions caused by the pandemic. As customers continue to shop and work online, these technologies show no signs of slowing down anytime soon.  Sarabi Tech is helping retail businesses in adopting new technologies to redefine their processes and offer their customers a safe and immersive shopping experience. We are digital architects, domain practitioners, and technology experts working towards fostering a digital retail world. To know more about our services and offerings and discuss potential growth opportunities, get in touch with us.