Optimizing hotel operations with smart hotels
Growing demand in hospitality demands effective differentiation. The hospitality industry has recently weathered significant challenges. Five years ago, many hotel chains cut costs by closing locations, consolidating operations or laying off staff. But the industry is rebounding.
Recent reports show growth from 2022 to 2023 in key performance indicators (KPIs) such as revenueper-room and average daily rates, in some cases as high as 73%.
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