Ask a Strategic Advisor: What Emerging Trends and Technology Should I Know About During Budgeting Season?


Michael Goldrich
August 30, 2024

This article is part of a Curacity series to help hotels plan for budgeting season. We asked Michael Goldrich, an end-to-end digital marketer and generative AI advisor with deep hospitality experience (Starwood Hotels & Resorts, Wyndham Hotel Group, Denihan Hospitality Group, and more), to weigh in on what hoteliers need to know now.

In hospitality, staying ahead of the curve has become essential. As digital transformation accelerates, adopting new technology is increasingly tied to organizational success. Let's explore critical trends and technologies reshaping the industry and why they matter now more than ever.

The AI Revolution: From Hype to ROI

Artificial Intelligence is no longer just a buzzword but a crucial driver of measurable ROI and innovation. Studies suggest AI could boost worker productivity by up to 40%, revolutionizing business processes. However, there's a paradox: while 85% of AI projects fail to deliver the expected value, those that succeed are transforming the industry.

The key isn't just implementing AI tools; it's fostering AI literacy across organizations. By creating a continuous learning and adaptability culture, hotels can turn their workforce into collaborative partners in AI-driven transformations, significantly increasing the chances of success and delivering the promised ROI.

IoT: The Convergence of Efficiency and Experience

The Internet of Things (IoT) has become a powerful tool for both cost-cutting and enhancing guest satisfaction. IoT is a network of interconnected devices that can collect, share, and act on data without requiring human intervention. In the hospitality industry, IoT enables smart room controls, predictive maintenance, and personalized guest services, driving efficiency and enhancing the overall guest experience. With the expansion of 5G networks and more affordable, energy-efficient devices, large-scale IoT implementation is now feasible for properties of all sizes. Today's IoT systems offer seamless integration and real-time data analytics, providing immediate ROI through energy savings and improved guest experiences.

Biometric Technology: The New Frontier of Seamless Experiences

Biometric technology uses unique physical or behavioral characteristics, such as fingerprints, facial recognition, or voice patterns, to verify identity. In the hospitality industry, biometrics are crucial for enhancing security, expediting check-in, and offering personalized experiences, making operations more efficient and guests feel more valued. Advancements in AI have greatly improved the accuracy and speed of biometric systems, addressing past reliability concerns. From streamlining check-in processes to enabling highly personalized services, biometric technology can reduce front desk staffing needs while boosting guest satisfaction scores.

Virtual and Augmented Reality: Immersive Marketing Redefined

Virtual Reality (VR) creates fully immersive digital environments, while Augmented Reality (AR) overlays digital information onto the real world, both of which are revolutionizing hospitality by enhancing marketing efforts and guest experiences. In the hospitality industry, VR can offer potential guests immersive virtual hotel tours, allowing them to explore rooms and facilities before booking, potentially increasing conversion rates. AR, on the other hand, can enhance the on-site experience by providing interactive features such as digital concierge services, virtual room customization, or augmented guided tours of the property and surrounding areas. These technologies not only differentiate hotels in a competitive market but also have the potential to justify premium pricing and drive positive social media engagement, ultimately leading to increased bookings and customer loyalty.

Automated Media Pitching: The PR Game-Changer

In a fragmented media landscape, marketing platforms like Curacity are revolutionizing how hotels approach working with top-tier media brands like AFAR, Condé Nast Traveler, and Travel + Leisure. Curacity's tech-powered platform, with proprietary attribution technology, doesn't just secure covetable media mentions, it connects the dots between content and bookings. By automating the traditionally time-consuming pitching process to significant media brands, and driving revenue in the process, Curacity allows hotels to leverage the benefits of upper-funnel marketing without considerable effort.

The Path Forward: Building a Tech-Savvy Workforce

The true strength of emerging technologies lies not in the tools themselves but in how effectively people use and guide them. Forward-thinking hotels are implementing comprehensive technology literacy programs, focusing on practical skills to drive the organization forward. These programs aim to reach the "Tech Habit Tipping Point," where employees save at least 11 minutes per day using new tools and sustain this usage over eleven weeks.

This iterative learning approach ensures that employees can identify high-value technology projects within their domains. By democratizing innovation, hotels can tap into the collective intelligence of their entire organization, uncovering valuable use cases that might have been missed with a top-down approach.

As we look ahead to 2025, the hospitality industry stands at a critical juncture. The rapid advancement of technologies such as AI, IoT, biometrics, VR/AR, and automated media pitching has created a landscape where innovation is not just advantageous—it's essential for survival and growth.

In this tech-driven era, hotels that prioritize experimentation and adoption of emerging technologies will likely emerge as market leaders. The convergence of AI-driven efficiency, IoT-enabled personalization, biometric security, immersive marketing through VR/AR, and AI-powered PR strategies offers unprecedented opportunities to enhance guest experiences, streamline operations, and capture market share. The true competitive edge in 2025 will lie not just in implementing these technologies but in fostering a culture of continuous learning and adaptability. 

Ready to take the next step? Explore our latest white paper with HSMAI, From Last-Click to First Look: A Commercial Strategy Makeover Story for Upper Funnel Marketing

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