Category: Recent News

In an eye-opening survey by PwC, global procurement professionals have spoken when it comes to their digital transformation initiatives. By 2025, procurement departments have an average target of 72% digitalisation, with efficiency, transparency, traceability, and cost savings as some of their main drivers. Procure-to-Pay (P2P) has also benefited the most from the digital transformation of any procurement process, ahead of areas like spend analysis and supplier management. This may be because recent reports cite that digital procurement can reduce processing costs by up to 50% and increase efficiency by 60%.

Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce two champions of hospitality technology, Floor Bleeker and Terence Ronson, as the 2024 HFTP International Hospitality Technology Hall of Fame inductees, both recognized for their service in innovating hospitality in the EMEA and APAC regions respectively. Bleeker is Accor Group’s chief technology officer, leading and providing oversight of technology strategy for all of the group’s hospitality businesses around the world. Ronson is the founder of Pertlink Ltd. and has revolutionized technology-forward hospitality experiences across Asia. The 2024 inductees will be honored at the upcoming Hospitality Industry Technology Exposition and Conference (HITEC®) in Charlotte, North Carolina on June 25, 2024.

The City of Light enjoys a well-balanced blend of business and leisure demand resulting in both a broad seasonality and strong average rates. Since 2015, Paris has faced multiple challenges which highly disrupted hotel performances. As the city was recovering from the 2015-16 terrorist attacks, the ‘yellow vests’ movement and pension reform strikes of 2018-19 and the transportation strike of 2019, the COVID-19 pandemic hit the world. The market has since shown remarkable resilience and has gradually recovered, reaching record levels of RevPAR in 2023. Despite and throughout this tumultuous period, Paris has maintained its status as one of the most sought-after destinations for hotel investment, owing to its robust underlying fundamentals.

Spark by Hilton London Romford set to open in the coming weeks.

For the past 25 years, it has become evident that most hotels fail to adequately capitalize on opportunities presented by seasonal holidays and event business drivers. The lack of optimization of these revenue opportunities is due in part to two factors: (1) the DOSM simply doesn’t have enough time and resources to organize marketing materials, and (2) the hotel’s website lacks the ability to create marketing landing pages ‘on the fly,’ which rings especially true for branded properties.

In a recent conversation between EHL professor Ian Millar and Pedro Torres, founder of Youverse, they explored the multifaceted concept of digital identity within the hospitality industry. Torres provided a comprehensive explanation of digital identity, emphasizing its role in securely verifying individuals online. He highlighted the potential applications in hospitality, such as personalizing guest experiences, expediting check-in processes, and enhancing security measures.

Travel in 2024 and beyond

The Ritz-Carlton wants to give you a virtual tour of its second cruise liner.

h2c regularly conducts in-depth hospitality technology research. This year, we are focusing on Hotel Direct Bookings and we are inviting hotel chains up from 3 properties to provide their feedback. Your participation in this study will help the industry better understand hotel direct booking strategies and tactics, as well as emerging trends.

Opening this July, Eva Estepona is set to become the Andalusian coast’s new hotspot and lifestyle destination offering provocative performances from day to night, along with an extensive dining offering, a beach club concept and a club.