Spotlight on Hoteliers: Challenges and Opportunities
Posted October 17th, 2017
These are heady times for hoteliers, many of whom have plenty of reason to celebrate. The latest industry reports paint a rosy picture of overall hotel performance as properties in many parts of the world achieve record-breaking occupancy and revenues. In the United States, for instance, hotel revenues reached almost $200 billion in 2016. That is an increase of nearly $10 billion over 2015, according to estimates, with net profits in the range of $76 billion, an average 2 percent increase in RevPAR.
Not to put a damper on the celebration, but hoteliers should recognize that the current growth wave may not continue for long. In fact, the party may already be fizzling. Net profits for U.S. hotels rose only 4 percent last year, the lowest rate since 2009. Negative RevPAR growth is not beyond the realm of possibility. Hoteliers should be prepared for this eventuality.
Take the Survey: Best Practices in Application Performance Management
Posted September 29th, 2017
The 2018 Benchmark Report on Application Performance Management, revised, expanded and updated from this year’s edition, publishes in January. The new research and analysis will focus on how top-performing companies are using next-generation application performance management to speed the development of new applications, optimize the performance of existing applications, and improve customer satisfaction and employee productivity. Click here to take the survey that serves as the basis for the new research.
New Starfleet Media eZines to Showcase Starfleet Research Publications
Posted August 31st, 2017
Starfleet Media has announced the “soft launch” of industry-specific resources in two of our primary IT market research coverage areas: namely, hotels and restaurants. Aptly titled Hotel Technology News and Restaurant Technology News, these new resources will serve as premier sources of information and insights related to technology innovation at the world’s leading hotels and restaurants, respectively, and will highlight Starfleet Research’s related research findings.
New Smart Decision Guide Will Detail the Benefits of Next-Generation Retail Management Systems
Posted July 16th, 2017
Upgrades to retail management and POS systems are today at a historically high level. In fact, according to research conducted for The 2018 Smart Decision Guide to Retail Management and POS Systems, which is currently in production and scheduled to publish in Q1, almost one-third (31%) of retailers that have not purchased a new system within the past 3 years indicate that they plan to do so in the next 12 months.
Starfleet Research Kicks Off New Hospitality Technology Webinar Series
Posted June 16th, 2017
Starfleet Research will share some of its recent research findings and analyst insights on hospitality technology-related topics in several upcoming webinars. The series begins July 27 with a webinar, sponsored by Agilysys, a leading provider of hospitality software and solutions for hotels, resorts and restaurants, entitled “Hotel Guest Experience Management: Everything You Need to Know.”
Healthcare Revenue Cycle the Focus of New Starfleet Research
Posted May 27th, 2017
Healthcare poses a confusing and challenging revenue cycle that dramatically differs from any other industry. From the minute the patient contacts a healthcare organization until after the payment is received, healthcare organizations must meet a dizzying array of requirements to properly qualify the patient’s insurance coverage, meet the service and documentation requirements, and build a claim that properly and accurately qualifies the service, patient situation, complicating factors, and condition.
Restaurant Operators Order Up Next-Generation Technologies
Posted May 6th, 2017
Restaurant operations tend to have a lot of moving parts. To compete effectively in today’s competitive market environment, all of the parts need to work together like a well-oiled machine – that is, a data-driven, next-generation machine. To be sure, all aspects of operations are becoming increasingly technology-enabled. Practically every top-performing restaurant, whether a full service restaurant or a quick service or fast casual restaurant, now incorporates specialized software applications to improve day-to-day operations and drive continuous performance improvement. These applications help with everything from budgeting, forecasting, financial consolidation and performance reporting and analysis to integrated, end-to-end solutions for point of sale (POS), menu and inventory management, invoice handling and workforce optimization.
Self-Service BI Means Getting the Information and Insights You Need Faster
Posted April 25th, 2017
The benefits of self-service business intelligence (BI) are obvious. For starters, one need only consider the time savings that self-service BI can deliver. According to preliminary research conducted for The 2017 Benchmark Benchmark Report on Self-Service Business Intelligence, which publishes in June, 93% of companies cite time reduction (e.g., the time needed to access information, the time needed to analyze data, the time needed to make decisions, etc.) as a top reason to deploy self-service BI. A common refrain from business users who previously relied on traditional BI tools and processes is that the response from IT to their requests was suboptimal, at best. They complain of having had to pester IT multiple times to get a new report. Almost half (49%) of them said that they needed to go outside the standard reporting and analysis process at least once a month to get the information they needed.
Spotlight on Service Optimization
Posted April 14th, 2017
Slow response to service requests is a leading cause of guest dissatisfaction at hotels and resorts, according to our latest research in the hospitality sector. Therefore, when it comes to guest experience management, it is essential that hotels implement a next-generation service optimization, or guest request management, solution for indexing, dispatching and tracking guest requests and ensuring that incidents are addressed efficiently and effectively across all departments.
Only with the right technology infrastructure can hotels achieve a high level of performance with respect to guest experience management. Solution providers like ALICE and Amadeus (HotSOS), which helped underwrite the new research, offer highly innovative and effective solutions in this area. Yet technology by itself will invariably fail to deliver optimal outcomes.
Take the Survey: Best Practices in Self-Service Business Intelligence
Posted March 9th, 2017
Today companies of all sizes are utilizing self-service BI solutions that harness the power of next-generation data management and advance user interfaces to achieve greater ease of use and faster and better access to information and insights. Even for large corporations, self-service BI solutions can supplement their core business intelligence initiatives, providing a friendlier front end that builds on existing business intelligence investments.
The 2017 Benchmark Report on Self-Service Business Intelligence, revised, expanded and updated from last year’s popular edition, publishes in June. Click here to take the survey that serves as the basis for the new research. Continue reading