What’s your stack look like? No, that isn’t a pick-up line – it’s technology lingo to describe what software and programs a hotel uses in their day-to-day operations.
It’s a term I’ve only recently seen applied to the hospitality industry, despite the fact that many other industries have been analyzing technology stacks for years.
So why should you care what’s in your hotel technology stack and how can it help you achieve your goals this year (such as increased direct bookings and improved guest satisfaction)?
First, let’s look at what a technology stack is.
A hotel technology stack is made up of all the software and programs you use to manage your digital marketing, operations, booking software, revenue management, third-party distribution, guest services and even more. In other industries, you might hear the term marketing stack or sales technology stack which specify the types of tools you use in those departments. For our purposes here today, we’re going to focus on the entire suite of technology that you use to power your hotel’s operations.
The technology options for hoteliers are increasing year-by-year; as well, it’s hard to compete if you don’t have the right tools to do your job.
In Skift’s latest trends report, they broke down the ideal hotel IT solution by categories – which are similar to the ones that we’ll be looking at here; specifically Marketing tools and Hotel Operations.
These include tools that help you market your property online and on third-party travel websites like OTAs. To market your hotel effectively, you need tools that allow you to easily manage your online marketing, distribute your hotel on third-party travel websites, build loyalty with customer satisfaction tools, analyze your marketing and spend with analytics, and manage revenue and reservations.
Here are some tools that you might use in these categories:
These include tools such as your property management system; think of anything that enables you to manage guest requests, facilitate smoother check-ins and check-outs and deal with guests’ issues (maintenance).
Here are some tools that might make up your hotel operations technology stack:
In 2015, there were over 1,876 different marketing tools on the market, an increase from just 974 in 2014. As more and more technology tools enter the market (with many vendors focused exclusively on the hospitality industry) and as more travelers demand the latest, most innovative technology to book hotels, it’s easy to get caught up with questions like Should I be using that tool? Is the hotel down the street tracking that? If we don’t start using that tool, are we going to fall behind?
If those questions have caught your mind, you’re not alone. 50% of hotel professionals surveyed by Skift said they plan to invest more in operations technology this year.
Using the latest technology isn’t always the answer; instead, you need to evaluate if the technology that you have is making it easier to do your job and is improving the experience of your guests.
It may seem like a difficult process but knowing what tools you use and why is the first step to not only a more efficient operation but also a more successful one.
We’d love to know: what tools make up your hotel technology stack?