Travel & Hospitality Tech Outlook | Monday, April 03, 2023
More hotels will likely begin using a wide range of smart technology in the following years to cut expenses, enhance the guest experience, and tap into untapped revenue streams.
FREMONT, CA: Smart technology is transforming every aspect of lives, from homes to the management of cities. The hotel sector is the same. The hospitality industry is at the vanguard of implementing intelligent business technology in numerous respects. From operations to guest experience to marketing, smart hotel technology offers many cost reductions and revenue opportunities, allowing hotel operators to achieve new levels of profitability. Intelligent energy savings are not mere guesswork. Intelligent energy-management systems can lower hotel energy expenses by up to 20 percent and offer some of the industry's quickest payback times (between 12-24 months). Here are a few ways intelligent technology will soon transform the hotel sector.
Smart Energy Management: Smart thermostats and occupancy sensors can monitor and respond to occupancy fluctuations. Similarly, intelligent energy management systems employ advanced machine-learning algorithms to continuously examine past thermodynamics, local weather patterns, and peak demand loads to optimize energy consumption in real-time, 365 days a year. They can also substantially boost a hotel's resale value. The energy reductions the Internet of Things technology provides are not restricted to HVAC systems alone.
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Intelligent lighting technology enables hoteliers to better comprehend their energy requirements, automate consumption, and adjust to real-time fluctuations in occupancy. In the same way, that smart HVAC systems use occupancy sensors and machine-learning algorithms to continuously analyze demand load patterns and optimize HVAC energy consumption; smart lighting systems permit hotels to set preferred lighting times, monitor occupancy patterns, and maximize lighting energy consumption throughout the year.
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Predictive Maintenance: In the same way that smart EMSs enable hotels to monitor, measure, and optimize energy use, predictive maintenance enables them to use sensor data to spot wasteful or hazardous tendencies and alert maintenance staff before a problem becomes much more expensive. Instead of waiting for a component to fail before servicing or replacing it, IoTtechnologies enable engineering personnel to estimate maintenance needs based on system usage, thereby preventing system failures and reducing the expenses associated with operating a defective system.
A single toilet with a leak can cost up to $840 annually. Add to that the expense of water damage incurred before the leak is discovered. Using smart, low-cost IoT-enabled water meters to monitor water lines, hotels can see a return on their water. Certain online management tools continuously collect data about the HVAC runtimes of each room and issue efficiency ratings.
Smart Guest Experiences: Because no hotel can function without guests, hoteliers can anticipate that smart technology will continue to alter guest experiences and expectations. Not only can guest data be used to better satisfy guests' demands, but it can also be used in conjunction with occupancy sensors to automate guest interactions throughout their stay, lowering friction points and personnel expenses. Hence, smart technology will continue to enable hotels to anticipate and customize various visitor services based on prior visits and aggregated guest data.
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