Technology

Behaviors of guests & sorting of all offerings (room, packages, meals, drinks, activities) based on previous behaviors. Much of this if done on a per person can be done using general purpose AI along with a just in time promp injection model.

The best data that a PMS stores is its guest history - travel purchase, rooms stayed in, ancillary purchases, number of occupants, special requests and so on. While we can discover some patterns to help grow the business, a machine can sift through this multitude far more efficiently to find patterns and do so in an unbiased manner.

PMS data is only one source of first-party data, and it's actually quite limited because it focuses only on past guests. A richer set of data is built when combining PMS with CRM data and direct website behavior data. Once powered by that dataset, some key practical applications are: Benchmarking: create automated competitive sets for each hotel and find opportunities for improvement.

The words 'permanent reality' are hardhitting and oftentimes hard for hotel decision makers to absorb. While there are a host of technologies that can be added to the stack to help chip away at the labor problem, what I pose instead is to go one level deeper and look at the human stack.

According to a Perkbox survey, Hospitality is the fifth most stressful industry to work in, with 64% of employees suffering from workplace anxiety. Therefore, it is not surprising that a significant number of hospitality workers are reconsidering their employment situation and evaluating different career options.

Today's HIGH-TOUCH LOW-TECH business model in hospitality results in increasingly inadequate service and customer dissatisfaction. Currently, the poorly paid and trained employees, overwhelmed by labor shortages and mundane, repetitive tasks simply cannot provide better service.

When thinking about decentralization in travel, I think it's very important to realize that these are not changes happening on top of the existing infrastructure and applications stack, but they are happening below. The precise region is the layer between the Internet and the applications.If we want to use a metaphor, we are not waiting for the meteorite to fall on earth.

When discussing the integration of Web3 in travel and across various industries, the primary question is not 'if' but 'when.' Consequently, the debate about balancing technological innovation with preserving genuine travel experiences and cultural interactions may be somewhat overstated.

The travel industry stands on the cusp of a technological revolution. Integrating blockchain, NFT, and decentralized systems promises to redefine travel's essence. Decentralization has immense potential, reshaping loyalty programs and introducing room tokenization, revolutionizing the way we perceive ownership and access within the industry.