Luxury Hoteliers Magazine 3rd Quarter 2016 | Page 60

Integrating Hotel Technology By Josef Lapka The hospitality industry has struggled for years with legacy technology systems. Historically an independent hotelier didn’t have access to the same competitive advantages that technology provided chain hotels with, as the barriers to entry and cost of these systems was simply preventative. In the last 5-10 years, however, the hotel market has been flooded with new and innovative 60 ILHA tools to help independent hoteliers manage all aspects of their business, from rates and inventory distribution to guest engagement tools and RFP management. These tools have emerged as a reaction to a more complex and diverse distribution landscape, brought on by pricing transparency and increased competition through new channels such as meta search and online travel agents, coupled with more demanding customer expectations fuelled by peer reviews. How technology is chosen by the modern hotelier depends on many factors and may need to be different for each property. Nevertheless, there are two key questions hoteliers should ask themselves: