| | 6 TRAVEL AND HOSPITALITY TECH OUTLOOKMAY 2023 May -15- 2023, Volume 04 - Issue - 04 (ISSN 2836-3299)Published by ValleyMedia, Inc. To subscribe to Travel and Hospitality Tech OutlookVisit www.travelnhospitalitytech.comManaging EditorJudy ChristinEditorial StaffEmail: Alex D'SouzaJoe PattrickVisualizerAsher Blakesales@travelnhospitalitytech.comeditor@travelnhospitalitytech.commarketing@travelnhospitalitytech.comEditorialJudy ChristinManaging Editoreditor@travelnhospitalitytech.comThe restaurant industry is revamping itself with technological advancements, unlocking greater efficiencies and enhancing customer experience. Restaurants are turning to novel restaurant management software solutions to help streamline restaurant operations, from inventory management to point-of-sale (POS) and beyond.According to a recent report by ResearchAndMarkets.com, the global restaurant management software market size is expected to reach $14.70 billion by 2030, at a CAGR of 16.3 percent. What powers this growth is the range of technologies capable of delivering best-in-class restaurant management software solutions.Cloud-based restaurant management software is gaining immense popularity due to its flexibility, scalability, and accessibility. The cloud-based systems allow restaurant owners and managers to effectively access data and manage operations from remote locations.Restaurants are leveraging online ordering and delivery platforms like GrubHub, DoorDash, and Uber Eats to deliver their favorite food to customers at their doorstep. Voice-activated ordering systems and chatbots are gaining traction as customers can access them at their fingertips to place orders. Google Assistant and Alexa enable easy navigation for customers who can order using voice commands. This helps restaurant chains boost customer engagement and retention.This edition of Travel and Hospitality Tech Outlook delivers a comprehensive view of the recent developments in the industry and insights into how restaurants align with these latest trends to transform legacy practices and improve services.We have curated thought leadership articles from industry experts, including the Area IT Director of IHG Hotels & Resorts and the Director of Information Technology at Hyatt Regency Lake Tahoe Resort, SPA, and Casino. We also took a deep dive into the market trends to narrow the list of companies delivering robust restaurant management software solutions. Equipped with innovative technological capabilities, companies such as CBS NorthStar and INFI help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of Travel and Hospitality Tech Outlook on restaurant management helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! Redefining Restaurant Management with Tech InnovationsCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Julia ThomasMatthew JacobVictor MorrisDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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