As the ripples from COVID-19 continue to linger on the broader global economy, the ramifications of the 18-month shutdown are clearly evident throughout hospitality. While hotels proved fairly resilient, skyrocketing wages and operating costs, coupled with a shrinking labor market, forced many hotel operators to reevaluate management strategies.
Across many industries, including hospitality, technology played a critical role in recovery. At Meta, CEO Mark Zuckerburg called 2023 “the year of efficiency.” Everyone is doing more with less, and that’s especially true in the back office of a hotel. In many cases, management companies have turned to technology not to replace staff members, but to bridge a labor gap and improve hotel operations.
In this whitepaper, you will learn:
- Technology's Role in the Evolution of Hotel Operations
- MCR Hotels' Approach to Digital Adoption and Automation
- 4 Benefits of Back-Office Automation
- Centralizing Operations to Empower Property Staff
- 5 Steps to Digital Adoption and Automation in 2024
- Automating Accounting Functions for Efficiency
- Keys to a More Efficient Financial Audit