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Big Data 101 for Hotels and Hospitality Businesses

Revenue Hub

Subscribe to our weekly newsletter and stay up to date Volume: by 2025, it is estimated that 463 exabytes of data will be created each day globally. It helps organizations personalize customer experiences, communicating with them via their preferred channels. That’s enough to fill over 200 million DVDs.

Article 90
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Deloitte: Business travel begins to take off

Hotel Business

Full recovery following the pandemic appears likely by late 2024 or early 2025. While higher travel prices are the most significant factor deterring companies from travel, live events are poised to be the major driver of business travel demand, leapfrogging to the top reason for international travel from the U.S.

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Top Restaurant POS Features To Look For In 2023

The Restaurant Times

In fact, by 2025, the cloud POS market is expected to reach $6 billion. However, POS data is useful for more than just learning about your customers and their preferred methods of communication. Similarly, POS data offers insight into seasonal trends and allows for increased margins based on pricing data.

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Business Travel Takes Off But Full Recovery Still Delayed

Revenue Hub

Full recovery following the pandemic appears likely by late 2024 or early 2025. While higher travel prices are the most significant factor deterring companies from travel, live events are poised to be the major driver of business travel demand, leapfrogging to the top reason for international travel from the U.S. One-third of U.S.

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Think Your Guests are Too Luxurious for Digital? Think Again

Revenue Hub

Nowadays, everyone has a phone in their pocket and it’s how we all communicate, record, entertain ourselves, research, and purchase things. According to the consultancy McKinsey, in 2025 a fifth of purchases of luxury goods (that’s $91 billion in monetary terms) will be made online. Upselling” implies a price.

Article 83
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2023 hotel and travel trends

Boutique Hotel News

This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. The AI capabilities of digital communication services also means that the technology is continuously learning about the changing needs of guests, enabling the industry to adapt accordingly.

Concierge 312
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How a Restaurant Online Ordering System & Smart Strategy Add Up to Success

NCC USA

Restaurant online ordering is on pace to grow from an $82 billion market to $200 billion by 2025. Also, choose a system that allows you to easily manage different menus and prices. If you operated a table service restaurant before 2020, chances are your business looks a lot different today.