Technology Sentiment News Today

After day. We will see if a rally can hold into the final hour here. The dow, itself, up 106 points also in record territory. And helping the market today, the house passing its 2018 budget, thats a first step toward getting tax reform done and how Speaker Paul Ryan will be holding a News Conference on that very topic later this hour. Well bring it to you live as soon as it begins. The dow up 40 points. When they announced they passed a budget, it was sudden i up 100. Its looking for right now. ...

The hotel budgeting season for 2023 has begun in earnest and a very important question is whether hoteliers will budget adequately for technology in their 2023 budgets.

As summer nears and travel moves closer toward recovery, technology continues to play a vital role in keeping hotel guests and employees happy and safe while balancing an increased desire for social distance. Although staffing shortages continue to challenge hoteliers to deliver on guests’ expectations, contactless solutions — such as digital in-room voice assistants — are providing a better, more convenient, and hygienic customer experience. But not all voice solutions are created equal. ...

In “normal” years, the hospitality industry spends, on average, less than 2.5% of net room revenue on IT, telecom and IT personnel payroll/benefits. This is it! Compare this to Expedia’s spend of 28%-30% of net revenue.