ModiHost - next step in the evolution of the hospitality Industry

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Artificial Intelligence And Digital Service

A Booking.com survey has shown that a third of world travellers are interested in using artificial intelligence for trip planning. People supply a lot of information about themselves through search queries, revealing their preferences, budget, and their primary payment option. Some 50% of those surveyed don’t care who’s helping them plan out their trip — a live operator or a chatbot. If a tour or a hotel booking service provides them with a suitable option, the chances are: that is what they will end up choosing.

Large online services will continue developing their own AI, and smaller market players are picking up their experience.

By the way, some hotel chains are implementing their products as part of the digitization initiative. For example, the efficiency of the HiltonHonors technology will become apparent by the end of 2020. This is an app where a guest picks a room, pays for it and customizes the stay to their own liking.

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Blockchain And Travelers

Blockchain has several innovations to offer to the tourism industry that a lot of hotels and travellers have already noticed. Blockchain means, above all, secure transactions with zero bank involvement, zero risks of a sudden account freeze, wallet security, including 2-factor authorization.

How does the tourist benefit from it? If the trip is a long one, blockchain eliminates the need for carrying around your wallet and documents. For any tourist, these are the most valuable items that must be kept safe 24/7.

Blockchain transactions won’t solve the security issue once and for all, but they provide a convenient alternative. Hoteliers can benefit from blockchain by utilizing its capability for gathering and storing data about ticket purchases, booked rooms, loyalty programs, travel routes and a host of other things on a common platform.

This kind of information is useful to all industry representatives since the knowledge of your client’s preferences allow you to anticipate their wishes and raise your conversion ratio as a result.

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Hotel Hygiene: Examples From International Chains

Let’s look at the new hygiene standards adopted by the largest hotel chains in the post-corona world.

Hilton. Apart from implementing the most flexible booking rules possible, Hilton has partnered with RB — a sanitizer manufacturer, and the Mayo Clinic to implement the highest cleanliness standards: hygiene above all else. You can check-in and check out contactless — with a digital key. All Hilton hotels utilize electrostatic sprayers and UV-lamps.

Marriott Hotels. This chain relies on a wide range of technologies (including electrostatic sprayers and UV-lamps) in all its hotels. Room disinfection is done with medical-grade solutions.

Four Seasons. The Four Seasons Hotels and Resorts group works with Johns Hopkins Medicine International to implement the Lead With Care program in its hotels and resorts across the world. The main points of the program include public area cleaning every hour, personal hygiene and health safety kits, daily room disinfection using solutions approved by the Environmental Protection Agency (EPA).

Health, room disinfection and stringent health safety standards are the primary concerns of most travellers who intend to continue exploring the globe today.

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Investing in digital technologies is easy!

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Domestic Travel To Become Primary
Recovery Driver For Economies

United Nations World Tourism Organisation (UNWTO) experts believe that now is a crucial time to incentivize travellers to turn to domestic destinations as pandemic restrictions are being relaxed.

According to UNWTO, domestic tourism will recover faster than international travel, making both developed and developing countries to bounce back from the social and economic consequences of the COVID-19 pandemic.

UNWTO studies show that in 2018 some 9 billion domestic trips were made all over the world, which is six times more than international tourist trips (1.4 billion in 2018).

In particular, Organisation for Economic Co-operation and Development (OECD) countries that include North America, the European Union, Turkey and Australia, saw up to 75% of citizen travel spending taken up by domestic trips. On top of that, domestic travel spending in the European Union is higher than international travel spending by a factor of 1.8.

On a global scale, the largest domestic tourism markets when it comes to spending are the United States (almost $1 trillion US), Germany ($249 billion), Japan ($201 billion), Great Britain ($154 billion), and Mexico ($139 billion).

This way, considering the scale of domestic markets, supporting them will help the tourism and hospitality industry to recover from the pandemic shock!

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Hottest Hotel Trends: Room Sanitization And Social Distancing

The hospitality industry is trying to hold on, but travellers have already realized that health safety and social distancing in hotels are the primary issues amid the COVID-19 crisis.

Until recently, the two main points that travellers used to pay attention to in choosing accommodation were price and location. They still matter a lot (after all, the pandemic affected tourists’ income too). However, just the price and location are no longer the deciding factors. The latest poll conducted by Skyscanner surveyed 2300 travellers all over the world shows that the new sanitization standards and social distancing are more important than everything else.

Below are the results of the study:

Almost half of the respondents will avoid using public restrooms and other public spaces in hotels.

4 out of 10 travellers would rather dine al-fresco.

Three quarters believe that hygiene and sanitization have become more critical than before.

30% of those surveyed said that loyalty programs hold much less weight than before.

These are profound changes. In fact, the industry is now at a point where hoteliers have all the chances to reinvent the entire process of hotel stay and offer their guests brand new experience — if they play their cards right.

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Airbnb Looking Into Implementing Blockchain And Cryptocurrencies

Airbnb has filed its IPO prospectus with the U.S. Securities and Exchange Commission (SEC). The prospectus mentions the possibility of integrating cryptocurrency payments into the platform. Airbnb says:

  “Future success will…depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies, and new authentication technologies.”

Airbnb also mentions distributed ledger and blockchain along with biometrics, artificial intelligence and VR/AR as possible avenues of future development. The company also said:
“As a result, we intend to continue to spend significant resources maintaining, developing, and enhancing our technologies and platform…”

https://modihost.io

[Modihost]

Do you want to take part in global digitalization?

The first step is to invest in the most promising project of this autumn! Investment in ModiHost tokens is an investment in the future!

AIM tokens are available for purchase at www.hitbtc.com/AIM-to-BTC

Investing in digital technologies is easy!

[Modihost]

Modihost in 80 seconds

ModiHost is a next-generation cloud-based hotel management platform that integrates AI, Machine Learning, Cognitive Computing and Native Voice Recognition.

It enables hotels to deliver a range of advanced, tailored services to their guests.
All it takes to learn more about our unique project is just 80 seconds of your time!

Want to learn more? Watch the video now!

https://www.youtube.com/watch?v=lDMrWJjvvrk#action=share

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Russian Capital, Moscow, Now “World’s Leading City Destination” According To World Travel Awards

The pandemic made the competition between tourism destinations even more fierce. However, it gave way for some to stand out from the crowd.

This is how the Russian capital city, Moscow, got a tourism industry equivalent of the Oscars as World’s Leading City Destination.

World Travel Awards was founded in 1993. It is considered the most prestigious award in the industry. It is the first time that Moscow is hosting the awards. In 2019, it was voted “World’s Leading City Destination”, beating such cities as London, New York, Paris, Sydney, Lisbon and others.

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Sustainable Tourism Is More Than A Label

People are becoming more conscious about their lifestyle. For example, the EU has imposed restrictions on the use of disposable plastics. Tourists are aware of it and expect the hospitality industry in other regions to follow suit.

If there are two similar hotel offers on the market, 70% of people will prefer the hotel with an eco-certificate, according to a number of recent polls conducted by Booking.com, Sustainable Travel Report, Exodus Travel Report. Over 90% of tourists abroad consider it important to travel responsibly. This confirms the fact that tourists today would rather choose a hotel that supports social initiatives.

This is why it’s important for tourism to be beneficial to all: travelers, locals, businesses and the environment. The tourism industry and hotels in particular should choose local suppliers to reduce their carbon footprint and provide jobs to the region.

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Hotels Of Spain

Compared with March this year, the number of hotels put up for sale in Spain has jumped dramatically.

According to the latest data from the National Statistics Institute of Spain, almost one third of Spanish hotels were closed because of the pandemic.
The country saw 557 hotels sold during this period.

The official data has also shown that last week hotel booking was down 83% compared with the same time last year. The Spanish economy is in large part dependent on the hospitality industry, and coronavirus restrictions and quarantine are hurting it tremendously.

We believe that now is the time when implementing new technologies will be the most beneficial to hoteliers.

ModiHost is your helper! We offer an innovative AI-based system that will provide an insight into your hotel’s business processes, its weaknesses and strengths, as well as how to best leverage them to your benefit!

https://modihost.io

[Modihost]

Do you want to take part in global digitalization?

The first step is to invest in the most promising project of this autumn! Investment in ModiHost tokens is an investment in the future!

AIM tokens are available for purchase at www.hitbtc.com/AIM-to-BTC

Investing in digital technologies is easy!

[Modihost]

Argentinian Hotels Eye Enabling Crypto Payments

Digitalization continues marching forward. As we have always been saying — digitalization is not only a natural process of evolution in any industry, it’s an important ingredient for their development. Argentinian hoteliers seem to believe in the same idea.

Argentinian hotels are preparing to accept cryptocurrency payments while getting ready to reopen after a long shutdown because of the pandemic.

According to La Nacion, after 8 months of closure, a large portion of hotels find themselves on the verge of bankruptcy. As some industry insiders claim, profits were barely enough to cover the expenses, and in many cases, hoteliers had to take out loans.

“Without any doubt, this is the most challenging moment the industry has faced in its history”, says inverTur CEO Ramiro Alem. Carolina Bottoli, the commercial manager of Argenway, a hotel complex development company, was quoted as saying “We have begun to consider the idea of adopting payments using cryptoassets”.

This year cryptocurrency adoption in Argentina is on the rise, a lot of people use it as a hedge against inflation or as a means of bypassing the strict currency exchange regulations imposed by the government in an effort to prop up the peso. Despite a number of small hotels, especially in Buenos Aires, have already been accepting crypto for some years (according to Hosteltur 2015 study), Argenway comes first in this race.

By the way, other Latin American countries such as Venezuela, hotels have also turned to cryptocurrency, including the famous Eurobuilding in Caracas that started accepting BTC and major altcoins as payment in January 2020.

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Thailand One Year Tourism Shutdown

The Tourism Authority of Thailand Governor Mr. Yuthasak Supasorn says there will be no return to mass-market tourism. He believes that Thailand must remain a prized destination, and thus must be safe for its citizens and visitors even when the coronavirus pandemic is over.

In October this year, Thailand, which used to be a hot destination for international tourists, was visited by just 1200 people. One year ago it was 3 million. From April to September, nobody from abroad came to visit Thailand. The average hotel occupancy rate dropped to just 2%. Apart from the continuing pandemic, the tremendous budget deficit (tourism accounts for 12% of the nation’s GDP) was, in part, caused by stringent entry restrictions.

It is estimated that Thailand will take no less than four years to return to the previous level of international tourism and revenue. In an effort to compensate for the situation, the Thai plan to focus on quality instead of quantity, and steer the industry towards a more financially sound audience.

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Berlin Hotels Eye Hosting Coronavirus Patients

The Senator for Culture and Deputy Mayor Klaus Lederer announced that the Berlin Senate will reserve vacant hotel rooms for those who are suffering from the coronavirus or have had contacts with the sick. According to the Senator, this measure will enable people from cramped living conditions to be quarantined during the corona pandemic and not infect others.

Hotels will also benefit from the move, as they need the resources to maintain their businesses during tourist outflow. Lederer says the initiative should be funded by the federal government, and negotiations on this issue will be held. The Senator also notes that it is imperative to act quickly.

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Importance of the Data Platform for Hospitality

Kristofer Holmquist, engineer & computer scientist speaks about how innovative technologies are transforming the hospitality industry.

▶️https://www.youtube.com/watch?v=SDFzMpSiuwU

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UN Presented International Tourism Recovery Forecast

International tourism can recover, in an optimistic scenario, no earlier than Q3 2021. This forecast was published on Tuesday, October 27, by the United Nations World Tourism Organization.

According to experts, there are a number of obstacles the industry is facing on the way to the recovery of international tourism, along with slow virus containment, the lack of coordinated response among countries to ensure coordinated restrictions, as well as the deteriorating economic environment.

“The drop until August represented 700 million fewer arrivals compared to the same period in 2019 and translated into a loss of $730bn in export revenues from international tourism. This was more than eight times the loss experienced on the back of the 2009 global economic and financial crisis”, — according to the UNWTO report.

With that said, some 20% of experts don’t believe the industry will recover next year, saying it can only occur in 2022.

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World’s Best Resort Hotel Voted In

As we have said before, even during the pandemic you can and should continue development. Those who are still fighting and continue to develop their business in these trying times deserve to be lauded.

A prestigious prize in the field of tourism - World Travel Award - has published the results of the vote on the best beach resort in the world. The first place was taken by a Turkish five-star hotel LUJO Art&Joy Hotel.

This hotel compound, located in the city of Bodrum, took the first place in two contest disciplines at the same time: “World's Leading Luxury Beach & Lifestyle Resort” and “Europe's Leading Luxury Lifestyle Resort”

  The hotel is located 15 kilometers away from the airport in the Guvercinlik Bay. It offers a private beach, multiple pools and a waterpark.

  The hotel also features a SPA center, gym and ten all-inclusive restaurants. The price for a room at LUJO Art&Joy Hotel starts at 284 euro per day.

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