ModiHost - next step in the evolution of the hospitality Industry

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As we have previously predicted, now that the hospitality industry has hit the bottom, it is looking at a slow, but steady rise back up.

Once the situation normalizes even more, the sector will further speed up its recovery. However, for the foreseeable future, the share of domestic tourism will remain large due to the fear of international air travel.

Eventually, global tourism will also pick up the pace towards recovery. The main thing that hospitality market players should think about is what new formats can they offer their guests.

Below are the trends that we see for the near future.

1. Digitalization

This trend has already gained some serious ground in the hotel industry. Companies that allow contactless services will come out on top. Smart locks, mirrors, screens, and a host of other advanced devices will become part of our lives, hotels included.

2. Comfortable eco-safety

Hotels have a long record of working towards a more eco-friendly consumption when it comes to bed sheets, towels, and plastic. Rational approach to consumption is a trend that hotel owners should look into to survive in the new reality.

3. Design in the new era

Every single hotel space must make guests feel comfortable and safe. After the pandemic health safety requirements have gained greater priority.

https://modihost.io/

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World News

10% of people on the planet are employed in the tourism industry. The pandemic is ravaging this market, cutting off the primary source of income for all the people in the sector.

The coronavirus pandemic has landed a strong blow on the tourism industry. According to UN data, some 120 million people in the world risk losing their job in the sector.

Over the course of the first five months of this year international tourist flow decreased by more than a half, and the income loss has been estimated at around 320 billion dollars.

This data comes from the UN and its policy brief titled “COVID-19 and Transforming Tourism”. It’s obvious that the tourism and hospitality industries have been hard hit by the pandemic. We believe that the industry will survive it just the way it has survived other crises. Our goal today is to help hoteliers minimize losses and identify the strengths and weaknesses of their business.

The ModiHost system has become more relevant than ever! Learn more about our platform and new tools that will help you save your business https://modihost.io/

[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

[Modihost]

The ModiHost project team has created a new global decentralized ecosystem for hotels using blockchain, AI Cognitive Computing Voice Recognition, IoT and Robotics, all with a proprietary digital currency called AIM. You can also buy our currency on one of the best exchanges at http://hitbtc.com/AIM-to-BTC

Join those who invest into the digital future!

[Modihost]

The adorable robot from Star Wars is no longer a fictional character: in the Trio hotel in the US, an robot similar to R2-D2 called Rose has been helping out with entertaining guests, delivering towels, wine and pet treats to rooms for years.

“Originally it was a, 'wow'," said Michael D’Amodio, vice president of Seaview Investors. "It was a way of differentiating ourselves from other hotels in the competition. People were amazed by the technology and seeing this little robot that kind of looks like R2-D2 from Star Wars delivering items to the room.”

Now, during the coronavirus pandemic, a lot of guests prefer a touchless experience, so robots like Rose have become more of a necessity than novelty, providing guests with a much-needed peace of mind.

Deliveries aren’t the only task this robot is good for in this pandemic. It can help maintain hotels’ rigorous hygiene standards. In Texas, the Westin Houston Medical Center hotel added two virus-killing robots to help out with disinfecting rooms.

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[Modihost]

The COVID-19 Pandemic Catalyzed New Technologies

The strive to make tourists come back faster is not unexpected. According to the UN World Tourism Organization, the tourism industry makes up more than 10% of the global GDP. After the months-long lockdown due to the virus threat, the industry is going through some callous times.

However, the pandemic situation has, beyond any reasonable doubt, accelerated the development of new technology in tourism and hospitality. In an attempt to attract tourists back to their hotels, the hospitality industry professionals are rushing to develop all kinds of contactless services. This includes cloud services where you can upload your passport and visa; the ability to not only check-in a contactless manner, but also pass the security screening at the airport with face recognition tech and contactless inspection devices; hotel check-in through mobile app instead of the reception desk. And this is only a few of the coming changes!

https://modihost.io/

[Modihost]

Press about us
 
COVID-19: Interview with Stephan Radwitz, Founder and CEO of ModiHost

Like many industries, hospitality has faced unthinkable challenges during the COVID-19 pandemic, and will likely face continued struggles as doors reopen and people want to travel in a world with new concerns and protocols. Maddyness spoke with Stephan Radwitz, Founder and CEO of ModiHost, the AI-powered SaaS hospitality platform, set to bring hospitality to the next stage in its evolution.

Read more:
https://www.maddyness.com/uk/2020/09/09/covid-19-interview-with-stephan-radwitz-founder-and-ceo-modihost/

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Japanese Hotel Offers Free Rooms

Yes, this is not a mistake! The New Shohei hotel in Japan will not charge visitors for the room if they mention they stayed in the hotel on their social media and post a photo from their stay. The hotel made this decision because of the dropoff in visitors due to the pandemic.

New Shohei is located in Tokyo, with a lot of the city’s points of interest just around the corner. Guests have at their disposal a standard room, air-conditioned rooms, free Wi-Fi and a personal bathroom.

As with most hotels in Tokyo, New Shohei experienced a sharp decline in business. On some days, the hotel didn’t see a single visitor, so the management decided to let their rooms in exchange for a social media mention!

Time will tell whether or not this move will help the hotel regain some ground.

https://modihost.io/

[Modihost]

Travel Industry Is Changing

As you may know, the ModiHost platform offers a system that can analyze hotel efficiency and expose the strengths and weaknesses that need attention and which hotel owners have previously not been aware of. After the coronavirus situation, such systems offer a lot of value to the hospitality industry. Hotel owners must have a thorough knowledge of the problems their businesses are facing. Why are we talking about this? The fact of the matter is, even before the pandemic people were very receptive to good deals on rooms since a luxury suite stay was no longer the staple in the recipe for a good trip. The pandemic has shifted people’s focus to very different things: more often than not, they prefer moderately priced, clean and comfortable options.

Well, we’re not advocating for hotels to reorient towards the mass audience – that would be daft. We’re only saying that the budget segment is now more relevant than ever.

These days guests tend to demand a lot from the place of stay. Satisfying them – without sacrificing reliability and brand recognition, special offers and customized deals – will be the goal for most of the hotels in the foreseeable future. It may not be the future they chose, but that’s the hand we’ve all been dealt with.

According to a YouGov and Priority Pass study that surveyed 10,000 people from nine countries, these days people value the ability to travel the most. Researchers believe that travel will remain a priority even in times of economic downturn, and this trend remains true for the less than affluent audience. Millennials are the most avid spenders when it comes to travel: the segment will see a surge in revenue over the next ten years when the purchasing power of this generation reaches its peak. Almost 25% of those surveyed said that if they got $320 as a gift, they would put it away for the next trip.

Over the last five years, the global hospitality industry lives by the laws of the sharing economy. Futurologists predict that the tourist of the future is a worldly person who won’t pay a single extra dime for status.

That’s worth thinking about.

https://modihost.io/

[Modihost]

Don’t forget that AIM tokens are available for purchase at hitbtc.com/AIM-to-BTC

This is your investment into the digital economy and the global hospitality industry!

[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

[Modihost]

World Of Big Data

Global digitalization has laid the foundation for a new hospitality policy. As we have already mentioned in our previous posts, “contactless” services that help you save time have a bright future ahead. At the same rate, rooms are becoming more technologically advanced and comfortable to stay in. For example, smart mirrors that are, in fact, touchscreen TV mirrors, allow guests to watch TV, check the latest news or their mail while they’re shaving or putting on make-up. With a smartphone connected to the room’s systems, guests can listen to their music, watch movies, etc.

However, when it comes to technology, simplicity is also important: with one press of a button you can turn off the lights in the entire suite, even that pesky desk lamp. To set the A/C to your liking or put up a “do not disturb” sign, you don’t even have to get out of the bed, that’s how the technology has progressed.

Digitalization has also shaped the approach to sales, as Big Data allows hoteliers to tailor each offer to the point of making the toothbrush of the guest’s favourite color.

In the vast majority of cases, the process of choosing a hotel also happens online. In addition to detailed user reviews, the most accurate picture of a hotel can be made with the help of virtual tours done through VR and AR technologies.

The data gathered by hotels and aggregators allows to tailor offers based on guests’ previous experiences (as well as their interests, preferred A/C settings, etc.)

Those who have received a tailored offer become more loyal to the hotel and are more likely to stay there next time rather than look for a different option. These days, hoteliers are working as hard as ever to build functional programs. For example, business travelers can save up points during business trips and then spend them on vacation. By creating a database of loyal customers, hoteliers increase the number of direct sales through their own websites and apps, further increasing their revenue from both its rooms and other services.

https://modihost.io/

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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

[Modihost]

Digital Technologies Market Growth Factors

Why do we always talk about digitalization as a critical new development for the hospitality industry? Because the current crisis has proven that in these trying times, companies that had invested in digitalization turned out to be the most robust and adaptable to new challenges. This has not only helped them survive but in some cases, achieve even greater success on the market.

They were able to react and adapt to the changing landscape, launch new products and services to meet the demand, and capture the market for their benefit.

We believe that the corona crisis may be the key growth factor for the digital technology market. Perhaps, it won’t precisely be explosive growth, but it will be steady and unyielding.

To those in the hospitality industry, which are yet to implement digital technologies, this might be the time to do it.

By the way, our offer is still as good as ever! The system we have developed to manage all the ecosystems within a hotel efficiently is easy to use, entirely scalable and allows you to analyze the performance of your business. New technologies such as AI can help you see the way out of a crisis and help you save your business, or even boost its revenue severalfold!

https://modihost.io/

[Modihost]

From Nice-To-Have Into Must-Have

The events of the past few months have only proven our point! Even before the crisis, we insisted that adopting digitalization won’t be optional to business – it will be vital for its survival.

Technology helped many companies gain additional advantages they haven’t had before. E-commerce (selling tours online) that used to be looked down upon as a “sandbox”, a place for experimenting with new technology that would only bring 2-3% of revenue, became a must-have.

This can be said about almost every other industry! Systems that many companies in the hospitality industry are building now need digital tools for managing, planning and distribution. Without these tools, it’s impossible to achieve a higher quality of services, and the risk of losing clients keeps going up!
The evolution of technologies from being nice-to-have and into must-have has also changed their perception.

However, the time when digital technologies alone were responsible for the success of a business is long gone.

The quality of the technological solution and the opportunities it offers to the company come to the fore: it has to improve the efficiency of the existing business processes and create either added value or competitive edge. In other words, the hotel business needs tools that will not only ensure its operation, but help improves its stability, efficiency and resistance to adverse conditions.


https://modihost.io/

[Modihost]

The Key Trend

Today no business can succeed without intricate knowledge of its economics or the latest digital technologies. This includes the so-called Big Data: processing vast amounts of data to analyze the performance of the business or build a system of strategic planning.

One of the key trends in the modern world is digitalization, which implies transferring all matters into the digital realm. If you still wonder why this is required, here’s a quick answer: business owners can reduce operating costs, improve the quality and speed of service for their customers.

Digital technologies allow for decreasing costs in almost every aspect of the business. The best part is that it doesn’t require too much upfront investment, that is, if you’re using ModiHost – a management system designed specifically for hotels By implementing an out-of-the-box, you only pay for the options you need in your business. This is our project’s main rule! Just like you, we want your business to thrive, and we don’t need extra payments from you. We stand for mutually beneficial partnerships!

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[Modihost]

Digitalization In Simple Terms

Let’s make complicated things simple. We want to summarize what digitalization provides to the hospitality industry.

Digitalization in this market sector leverages technology for optimizing businesses and raising their efficiency. Moving the hotel’s operations onto digital platforms is one of the forms of digitalization. Let’s outline 3 stages of such transition:

Automatization – moving employee schedules and task lists into digital systems for storing, processing and managing data more efficiently. Digitalization – optimizing processes to adapt them for the digital economy.

Digital transformation – changing the entire business management structure: from methodologies to the very economical strategy.

The advantages digitalization offers:

-Easier management

-Tailored offers to different clients

-Wide range of analytical tools

-Optimization of marketing

-Successful development strategy

All of the above gives your business the competitive edge it needs to be relevant and reliable.

https://modihost.io/

[Modihost]

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Pandemic: Challenge Issued

To deal with the challenges set by the pandemic, the travel industry players, including desolate hotels, have to get creative. Let’s take a look at some cases from all over the world.

One-room hotels spring up in unusual places

Scenic locations all over the world are becoming magnetic to hotels that offer rooms only for one or two guests, pushing the risk of infection down near zero. For example, a hotel for two can be found not too far from a town of Denia in the Alicante province that is located right on the water, or a windowless, door less hotel with no walls near Lake Constance in
Switzerland. Self-quarantine with a view!

Hotel rooms converted into office space

Some hotels (for instance, Accor, a Europe-wide hospitality network) in an attempt to recoup their financial loss due to the lack of tourism, are trying to convert their hotels into infection-safe co-working space (that they call solo working). Now you can rent a room as an office for the day: it suits those who have grown tired of working from home, and are not ready to come back into loud high-traffic spaces.

Rooms may get special clothes decontamination systems

Carlo Ratti Associati has developed Pura Case – pods for disinfecting clothes using ozone that can remove bacteria and viruses from fabrics. Simply place your clothes into the pod and in an hour your outfit is totally fresh and germ-free. Experts at The Globetrender believe such systems to be coming to hotel rooms in the near future.

https://modihost.io/

[Modihost]

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Now is just the time to do it! Invest in real digital assets. AIM token is a next generation digital currency that is used in one of the largest market sectors on the planet -- the hospitality industry.