In the dynamic and often unpredictable world of hotel management, maintaining a firm grip on departmental expenses is not just a matter of financial prudence;it's the cornerstone of sustained profitability and long-term financial health.
What’s it like to build a portfolio in a high-barrier market like San Diego? In this episode of The Turndown, Adam Dailey, real estate investor and accommodation operator, shares how he finds value in overlooked properties and why uncertainty is both a challenge and an opportunity for independent hoteliers.
[Amsterdam, 16th April 2025] - Mews, the operating system for hospitality, is launching Multicurrency. This new feature, which is now available for customers in Europe, helps Mews achieve its vision of creating new revenue streams for hotels – all while enabling a world-class payment experience for guests.
Mews, the leading hospitality technology platform, today announced it has raised $75 million, led by Tiger Global, a leading global investment firm, alongside existing investors Kinnevik, Battery Ventures and Growth Equity at Goldman Sachs Alternatives.
Agilysys, Inc., a leading global provider of hospitality software solutions that deliver High Return Hospitality, today reported results for its fiscal 2025 third quarter ending December 31, 2024.
[Amsterdam: 21 January 2025] Mews, the industry-leading hospitality cloud, has been named a Major Player in the IDC MarketScape: Worldwide Hotel Point-of-Sale Software 2024 Vendor Assessment. This is the first time that IDC MarketScape has assessed the hotel point-of-sale (POS) market, providing a comprehensive overview of the key strategies and capabilities of global software vendors.
One of the most important events in the hospitality industry occurred this summer at HITEC. HFTP (Hospitality Financial and Technical Professionals) published the highly anticipated Uniform System of Accounts for the Lodging Industry – 12th Revised Edition.
Lighthouse, the leading commercial intelligence platform for the travel & hospitality industry, today announced an approximately $370 million growth investment led by global investment firm, KKR. This investment accelerates Lighthouse's mission to reimagine commercial strategy for the $15 billion travel & hospitality technology market. Proceeds from the investment will be used to drive continued product innovation across Lighthouse's platform, strategic acquisitions, and global expansion efforts.
citizenM, a global leader in modern, affordable luxury hotels, has long prioritized offering a premium level of service. For that, they believe in empowering their team, rather than having them hindered by manual processes. This led them to seek a solution that could optimize their workforce capabilities.
BirchStreet Systems, a leading provider of cloud-based procure-to-pay solutions for the hospitality industry, announces the extension of a partnership agreement with Sodexo North America, a leading provider of sustainable food and integrated facilities management.
Userguest, the pioneering force in hotel technology dedicated to maximising direct revenue, is thrilled to announce the successful closure of a €2.2M seed funding round. Led by Al Mada Ventures and bolstered by CDG Invest, Saviu Ventures, UM6P Ventures, Kalys VC, Plug & Play and esteemed business angels Philippe Limes and Thane Kuhlman, this investment marks a transformative moment for the hotel tech start-up as it prepares for rapid expansion and groundbreaking product innovation.
Aptech has teamed with BirchStreet Systems to deliver efficiency and automation where it is most needed – the procure-to-pay (P2P) process. Based on customer demand, this collaboration brings together the best in cloud-based enterprise accounting and P2P software to deliver better control over purchase orders, invoicing, budgeting, order delivery, flexible payment options, invoice imaging, and financial review efficiency with drill down from P&L to invoice image.
Massachusetts, June 24, 2024 – Data Plus is excited to announce the launch of its new and rebranded website, HotelFMS.com, an upgraded web presence to showcase Data Plus’s comprehensive financial management solution tailored specifically for the hospitality industry. The new site will help Data Plus in expanding its products and partnerships content associated with its rapidly growing and robust suite of Financial Management System (FMS) solutions, DP Finance, DP Supply, and newly introducing DP Pay, the latest addition.
Mews, the industry-leading hospitality cloud, has announced the addition of Mews POS (Point-of-Sale) to the embedded payments experience offered with Mews Hospitality Cloud, bringing increased operational time savings for hotels and frictionless experiences for guests.
Massachusetts, June 19, 2024 – Data Plus proudly introduces DP Pay, a revolutionary next gen web-based payment system now available to all customers. This innovative platform sets a new benchmark in invoice-to-pay automation, offering a sleek user interface and comprehensive virtual card supplier payment system.
As the hospitality industry continues to evolve, efficient management of Accounts Payable (AP) processes becomes crucial for maintaining financial health. The rise of electronic payments (ePayments) for business disbursements has highlighted the potential benefits of automation. However, while bank ePayables programs offer a seemingly straightforward solution, they often fall short, creating more work than they solve. This article explores why companies should thoroughly vet these programs and consider specialized Payment Automation providers to save time, enhance service, and mitigate the risks of payment fraud.
AENDRE Group, a real estate platform focused on the development and conceptualisation of lifestyle aparthotels, has launched with backing from newly formed private equity firm JuneX Capital Partners, and co-investor New End, to execute on its strategy of creating and scaling disruptive hospitality brands.
Mews, the industry-leading hospitality cloud, has launched the funding program Flexible Financing, which provides hospitality businesses with access to capital, as the number of hoteliers branching out to offer additional amenities for guests has more than doubled in the last year.
M3, LLC (“M3” and formerly known as M3 Accounting Services, Inc.), North America’s #1 provider of accounting software and services, and Paymerang, a leading provider of accounts payable (AP) automation solutions for modern enterprises across America, today announced M3 and Paymerang will jointly market Paymerang’s award-winning payment automation technology to M3 Accounting CoreTM customers under M3’s newly restructured strategic alliance program.
M3, LLC (formerly known as M3 Accounting Services, Inc.) the nation’s #1 hotel accounting software and services provider, and AvidXchange, a leading provider of AP automation and payment solutions for middle market businesses and their suppliers, today announced the extension of their partnership to provide hotels a fully automated financial management solution across all M3 products.