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Episode 4
Technology and the
Future of Hospitality
06th May 2020
Ali Beklen
Founder & Managing
Partner @HotelRunner
Speakers Moderator
Ryan Haynes
Director & Lead Consultant
@Haynes MarComs
Kris Glabinski
Chief Business
Development Officer
@Lybra
Caroline Dal'lin
Director of Business
Development @ Bidroom
REINVENT FORTOMORROW’S LOGIC
by Lybra.Tech
"Technology and the Future of Hospitality"
“THE GREATEST DANGER INTIMES OFTURBULENCE
IS NOTTHETURBULENCE;
IT ISTO ACT WITHYESTERDAY’S LOGIC.”
— PETER F. DRUCKER
France:
“Hotels too soon to say”
TODAY
Belgium:
“Hotels and aparthotels
can open, with the
exception of their
restaurants, meeting rooms
and leisure facilities.”
Czech:
“From 25 May, all restaurants,
pubs and hotels return to
action”
Germany:
“Restaurants, bars and
hotels will remain
closed to evaluate after
May 3.”
Italy:
“Hotels haven't been
forced to close, many
have done so due to a
lack of customers.”
Netherlands:
“A decision on whether to
reopen restaurants and bars
is expected around May 12.”
Portugal:
“Majority of hotels will
start to reopen in July.
“Probably some will open
in June”,
Spain:
“Potentially From 11 May,
hotels, bar terraces may
reopen with capacity
restrictions,”
Switzerland:
“Hotels have not been forced to
close., as of now allowed to open
bars, spas, saunas and wellness
facilities - but only for hotel guests.”
Austria:
“Hotels and swimming
pools allowed to open
from 29 May”
Poland:
“From 4th May, all hotels may
be open under specific
restrictions.”
Greece:
“Hotels are opening from
June 1, although this is
expected to be for
domestic travellers initially.
TODAY
WHAT DOESTHIS MEAN?
Hotel 2020 performance versus budget
WHAT DOESTHIS MEAN?
Hotel 2020 performance versus budget
WHAT DOESTHIS MEAN?
Hotel 2020 performance versus budget
NEWTOMORROW
Emotions:
• Hotels that can open will open
• People that think will travel will travel
• Safe is safe
Logic:
• Hotels that can open may not open
• People that think will travel may not travel
• Safe may not be safe
NEWTOMORROW
Emotions:
• Hotels that can open will open
• People that think will travel will travel
• Safe is safe
Logic:
• Hotels that can open may not open
• People that think will travel may not travel
• Safe may not be safe
Our philosophy
YESTERDAY’S LOGIC
Past data is not valid
Segmentation is not valid
Forecasting is not valid
Price algorithms are not valid
NEWTOMORROW
New cost New demand New safety
NEWTOMORROW
“can’t afford to risk more”
New cost
New demand New safety
REINVENT FORTOMORROW’S LOGIC
“My calculations will continue to forecast and
optimise price very well.We just need to
monitor competition pricing, edit events, and not
discount”
Covid-19
75% of time is spent on grabbing
and analysing data
25% of time is spent on actual
price actions
REINVENT FORTOMORROW’S LOGIC
80 / 20
REINVENT FORTOMORROW’S LOGIC
80% rules based approach
20% other calculations
80% rules based approach
20% other calculations
still override by 65% intuition
80 / 20
65%
REINVENT FORTOMORROW’S LOGIC
ADDRESSINGTOMORROW’S LOGIC
Technology will be critical,
no longer a commodity.
TOMORROW’S LOGIC
REVENUETECHNOLOGY
Real time reaction,
Customer driven by emotions or rationale
will be changing all the time.
TOMORROW’S LOGIC
REVENUETECHNOLOGY
based on big data,
Hotel past data will need to be
complemented with new demand data and
competition data
TOMORROW’S LOGIC
REVENUETECHNOLOGY
managed by AI.
Number of calculations and correlation of
different data will no longer be workable by
rules based and traditional calculations.
Intuition will be close to guessing.
TOMORROW’S LOGIC
REVENUETECHNOLOGY
Real time reaction, based on big data, managed by AI.
TOMORROW’S LOGIC
DISTRIBUTIONTECHNOLOGY
Connected, reaching where customer is, focused on value.
PRODUCT
SAFETY
FLEXIBILITY
PRICE
TOMORROW’S LOGIC
MARKETINGTECHNOLOGY
WWW, with optimised spend v’s ROI, managed by AI.
by Lybra.Tech
"Technology and the Future of Hospitality"
REINVENT FORTOMORROW’S LOGIC
Technology - the future of
hospitality
Get to grips with today
A decade in the making...
The Smartphone changed everything
Wifi became standard
Apps replaced websites
IoT - Smartphones control everything
Online shopping became normal
Budget airlines made travel accessible
Travellers from emerging markets
Do your guests use the internet to watch movies
and/or for things like Netflix etc?
Changes in Wifi setup for guests
Adoption of third party providers
Security risks
Bandwidth + Cost
New models of wifi services
What are the biggest Wifi problems your guests encounter?
Customer journey evolves
Social media and influencers
Online digital engagement
Dominance of Online Travels Agents
Holiday rentals become homestays
Serviced apartments and aparthotels
Sustainability
Experiential travel
Always on
. Cloud technologies
Integrated systems
Real-time
Remote-working
24/7 bookings
Digital services and concierge
Accessible
Guest expectations evolve
74% of guests appreciate customized messaging and offers | 57 % of travellers feel that
travel brands should personalise guest information
More than 70% of last minute bookings made on mobile devices | 75% of guests will be the
tech-savvy millennials by 2020
55-57% want mobile check in/out | 51% of travellers expect to communicate via
messenger / text | 33% expect to via social media
50% want to use a digital room key from their phone | 66% of travellers would download an
app which contains the ‘digital guestbook’
Era of automation
Integrations and interfaces - getting
systems to speak to each other
Smart working
Improving productivity
The human element
The right guest connections
Innovation today…
Bring teams together
Find connected systems
Focus on guest engagement
Drive productivity
Review value for guests
When buying technology
Emerging technology trends
Lifetime investment vs value
Seek alternatives for guests
Change business where needed
You’re a guest too!
Guest Messaging Systems | Hotel Apps | Upgrade and Cross Sell Systems |
Digital Marketing Platforms | CRM | Guest Tech (In-room & Accessibility)
Ali Beklen
Managing Partner
ali@hotelrunner.com
Winning in a turbulent travel economy
using the power of data and technology
How are we dealing with the pandemic?
• Option A: Making panic due to the unknowns
• Option B: Looking for solution but no idea where to start
• Option C: Managing the panic
Today
• Recovery has been started for some countries
• Adoption phase is started for some verticals in travel
3: Google Surveys
Today
Source:
Google Surveys, Fielded 24/4/2020
Today
Source:
Google Surveys, Fielded 24/4/2020
Today
Source:
Google Surveys, Fielded 24/4/2020
The three pillars of winning
• Access to the industrial data
• Start new partnerships
• Digitalize your business
Our contribution for COVID-19
Democratize the data access
with the HotelRunner Pulse
Free access
https://hotelrunner.com/en/pulse
Future
Source:
HotelRunner, 27/4/2020
Future
Source:
HotelRunner, 27/4/2020
Fast Track to Scalable Technology
Adoption
Start new partnerships
Payment gateways
Sales channels
Technology providers
Local services
... and many more
Accommodations
Fast Track to Scalable Technology
Adoption
Digitalize your business
• Website builder
• Booking engine
• Property management
• Content management
• Channel management
• Guest management
• Payment processing
• 100+ more features
Start free
Go premium with ZERO upfront payment
Thank you
ali@hotelrunner.com
Trusted by 38K+
accommodations in
193 countries
Technology and the Future of Hospitality

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Technology and the Future of Hospitality

  • 1. Episode 4 Technology and the Future of Hospitality 06th May 2020 Ali Beklen Founder & Managing Partner @HotelRunner Speakers Moderator Ryan Haynes Director & Lead Consultant @Haynes MarComs Kris Glabinski Chief Business Development Officer @Lybra Caroline Dal'lin Director of Business Development @ Bidroom
  • 2. REINVENT FORTOMORROW’S LOGIC by Lybra.Tech "Technology and the Future of Hospitality"
  • 3. “THE GREATEST DANGER INTIMES OFTURBULENCE IS NOTTHETURBULENCE; IT ISTO ACT WITHYESTERDAY’S LOGIC.” — PETER F. DRUCKER
  • 4. France: “Hotels too soon to say” TODAY Belgium: “Hotels and aparthotels can open, with the exception of their restaurants, meeting rooms and leisure facilities.” Czech: “From 25 May, all restaurants, pubs and hotels return to action” Germany: “Restaurants, bars and hotels will remain closed to evaluate after May 3.” Italy: “Hotels haven't been forced to close, many have done so due to a lack of customers.” Netherlands: “A decision on whether to reopen restaurants and bars is expected around May 12.” Portugal: “Majority of hotels will start to reopen in July. “Probably some will open in June”, Spain: “Potentially From 11 May, hotels, bar terraces may reopen with capacity restrictions,” Switzerland: “Hotels have not been forced to close., as of now allowed to open bars, spas, saunas and wellness facilities - but only for hotel guests.” Austria: “Hotels and swimming pools allowed to open from 29 May” Poland: “From 4th May, all hotels may be open under specific restrictions.” Greece: “Hotels are opening from June 1, although this is expected to be for domestic travellers initially.
  • 6. WHAT DOESTHIS MEAN? Hotel 2020 performance versus budget
  • 7. WHAT DOESTHIS MEAN? Hotel 2020 performance versus budget
  • 8. WHAT DOESTHIS MEAN? Hotel 2020 performance versus budget
  • 9. NEWTOMORROW Emotions: • Hotels that can open will open • People that think will travel will travel • Safe is safe Logic: • Hotels that can open may not open • People that think will travel may not travel • Safe may not be safe
  • 10. NEWTOMORROW Emotions: • Hotels that can open will open • People that think will travel will travel • Safe is safe Logic: • Hotels that can open may not open • People that think will travel may not travel • Safe may not be safe Our philosophy
  • 11. YESTERDAY’S LOGIC Past data is not valid Segmentation is not valid Forecasting is not valid Price algorithms are not valid
  • 12. NEWTOMORROW New cost New demand New safety
  • 13. NEWTOMORROW “can’t afford to risk more” New cost New demand New safety
  • 14. REINVENT FORTOMORROW’S LOGIC “My calculations will continue to forecast and optimise price very well.We just need to monitor competition pricing, edit events, and not discount” Covid-19
  • 15. 75% of time is spent on grabbing and analysing data 25% of time is spent on actual price actions REINVENT FORTOMORROW’S LOGIC
  • 16. 80 / 20 REINVENT FORTOMORROW’S LOGIC 80% rules based approach 20% other calculations
  • 17. 80% rules based approach 20% other calculations still override by 65% intuition 80 / 20 65% REINVENT FORTOMORROW’S LOGIC
  • 18. ADDRESSINGTOMORROW’S LOGIC Technology will be critical, no longer a commodity.
  • 19. TOMORROW’S LOGIC REVENUETECHNOLOGY Real time reaction, Customer driven by emotions or rationale will be changing all the time.
  • 20. TOMORROW’S LOGIC REVENUETECHNOLOGY based on big data, Hotel past data will need to be complemented with new demand data and competition data
  • 21. TOMORROW’S LOGIC REVENUETECHNOLOGY managed by AI. Number of calculations and correlation of different data will no longer be workable by rules based and traditional calculations. Intuition will be close to guessing.
  • 22. TOMORROW’S LOGIC REVENUETECHNOLOGY Real time reaction, based on big data, managed by AI.
  • 23. TOMORROW’S LOGIC DISTRIBUTIONTECHNOLOGY Connected, reaching where customer is, focused on value. PRODUCT SAFETY FLEXIBILITY PRICE
  • 24. TOMORROW’S LOGIC MARKETINGTECHNOLOGY WWW, with optimised spend v’s ROI, managed by AI.
  • 25. by Lybra.Tech "Technology and the Future of Hospitality" REINVENT FORTOMORROW’S LOGIC
  • 26.
  • 27. Technology - the future of hospitality Get to grips with today
  • 28. A decade in the making... The Smartphone changed everything Wifi became standard Apps replaced websites IoT - Smartphones control everything Online shopping became normal Budget airlines made travel accessible Travellers from emerging markets
  • 29. Do your guests use the internet to watch movies and/or for things like Netflix etc? Changes in Wifi setup for guests Adoption of third party providers Security risks Bandwidth + Cost New models of wifi services
  • 30. What are the biggest Wifi problems your guests encounter?
  • 31. Customer journey evolves Social media and influencers Online digital engagement Dominance of Online Travels Agents Holiday rentals become homestays Serviced apartments and aparthotels Sustainability Experiential travel
  • 32. Always on . Cloud technologies Integrated systems Real-time Remote-working 24/7 bookings Digital services and concierge Accessible
  • 34. 74% of guests appreciate customized messaging and offers | 57 % of travellers feel that travel brands should personalise guest information More than 70% of last minute bookings made on mobile devices | 75% of guests will be the tech-savvy millennials by 2020 55-57% want mobile check in/out | 51% of travellers expect to communicate via messenger / text | 33% expect to via social media 50% want to use a digital room key from their phone | 66% of travellers would download an app which contains the ‘digital guestbook’
  • 35. Era of automation Integrations and interfaces - getting systems to speak to each other Smart working Improving productivity The human element
  • 36. The right guest connections
  • 37. Innovation today… Bring teams together Find connected systems Focus on guest engagement Drive productivity Review value for guests
  • 38. When buying technology Emerging technology trends Lifetime investment vs value Seek alternatives for guests Change business where needed You’re a guest too! Guest Messaging Systems | Hotel Apps | Upgrade and Cross Sell Systems | Digital Marketing Platforms | CRM | Guest Tech (In-room & Accessibility)
  • 39.
  • 40.
  • 41. Ali Beklen Managing Partner ali@hotelrunner.com Winning in a turbulent travel economy using the power of data and technology
  • 42. How are we dealing with the pandemic? • Option A: Making panic due to the unknowns • Option B: Looking for solution but no idea where to start • Option C: Managing the panic
  • 43. Today • Recovery has been started for some countries • Adoption phase is started for some verticals in travel 3: Google Surveys
  • 47. The three pillars of winning • Access to the industrial data • Start new partnerships • Digitalize your business
  • 48. Our contribution for COVID-19 Democratize the data access with the HotelRunner Pulse Free access https://hotelrunner.com/en/pulse
  • 51. Fast Track to Scalable Technology Adoption Start new partnerships Payment gateways Sales channels Technology providers Local services ... and many more Accommodations
  • 52. Fast Track to Scalable Technology Adoption Digitalize your business • Website builder • Booking engine • Property management • Content management • Channel management • Guest management • Payment processing • 100+ more features Start free Go premium with ZERO upfront payment
  • 53. Thank you ali@hotelrunner.com Trusted by 38K+ accommodations in 193 countries