What is holding back hospitality from rapidly adopting technology? HospitalityNet asked its World Panel of Hospitality Tech Experts the following question: Modern technology solutions available today have the potential to transform our industry into genuine tech and data-driven entities. Yet, the question remains: What's holding us back? Here is my take: Last year hoteliers invested in technology less than 2.75% of room revenue (STR) - compare this to 15%-20% for the OTAs. Hoteliers need to understand that only through accelerated investments in technology - cloud, mobility, AI, robotics, IoT, etc. can the hospitality industry reduce staffing needs and unsustainable labor costs, and “appease” the exceedingly tech-savvy guests and their exceedingly high tech expectations. By investing in technology, hoteliers can reduce their staffing needs and afford to pay their employees living wages, train them better and empower them to provide stellar service. What's holding us back? Reluctance to invest in technology, coming from the lack of understanding that we are serving technology-obsessed travel consumers who demand a hotel technological experience equal or better to what they have at home. The technology and data fragmentation in hospitality is another big impediment to adopting technology in hospitality. Guest data lives in multiple "data islands" that do not talk to each other: PMS, CRM, CRS, Social Media, Web Analytics, Marketing Data, and BI. Very few properties and hotel companies can boast a single view on customer data with live data feeds from ALL touchpoints with the traveler. Lack of proper education and professional development opportunities on digital hospitality technology and the latest technology innovations, trends and best practices. How many hospitality schools today teach hospitality technology courses to educate future hoteliers on the importance of technology in this tech-obsessed world? Only a few. New York University's Tisch Center for Hospitality offers “Current and Future Hospitality Technologies” graduate course since 2019, which I am privileged to teach. Antiquated accounting in hospitality treating most cloud and SaaS tech applications as Sales, General and Administrative Expenses, and not amortizible capital expenses. And finally, we have become an industry of buzzwords and flashy gadgets, Not investments in a well-thought out tech stack, but singular flashy tech applications in the hope of impressing guests, owners, and investors. Ex. Robot butler by a property without CRM technology and 7-year old website. Well, whether some hoteliers like it or not, the hospitality industry is moving from low-tech and high-touch to high-tech and high-touch. But what kind of high-touch? Fewer, well-trained and well-paid employees using technology to provide stellar service. Service, which currently the poorly paid and trained employees, overwhelmed by labor shortages and mundane, repetitive tasks simply cannot provide.
Hotel Management Challenges
Explore top LinkedIn content from expert professionals.
-
-
They Don’t Teach You in MBA School. They say hotels fail because of poor markets, high costs, or low occupancy. But that’s only the surface. Dig deeper, and you’ll find 10 repeating patterns—blind spots even seasoned investors fall into. I’ve seen these unfold across decades of hoteliering. And almost every time, failure wasn’t inevitable. It was a slow leak, not a sudden burst. Let me share what the Vesta Report and experience taught me. These aren’t just mistakes—they’re myths we believed, and paid the price for. 1. Hiring Cheap, Paying Dearly You saved a few lakhs hiring a discount GM. But you lost crores in GOP. Great talent costs more—but it earns trust, builds teams, and drives top lines. Never settle for mediocrity in leadership. 2. Misreading the Market Wave Buy high, sell low—and blame the economy? That’s not strategy. It’s roulette. Hotel cycles are predictable—if you study RevPAR trends, pipeline data, and capital flows. Ride the wave, or be crushed by it. 3. Location Blindness You can’t renovate your way out of a bad location. Crime, poor access, or declining demand generators will erode value—no matter how plush your bedsheets are. 4. Over-Leveraging Dreams Spreadsheets don’t sweat. Cash flows do. Leverage magnifies risk. And when markets dip, high-interest debt eats equity like fire through silk. Discipline beats optimism. 5. The Illusion of Proformas Brokers paint dreams. Reality lives in historicals. Most first-timers invest in pitch decks. The pros invest in due diligence. Always. 6. Underestimating Cost Overruns That unapproved doorknob? It might cost you lakhs in rework. Planning saves money. Poor planning bleeds confidence, timelines, and cash. 7. Ignoring Future Competition You opened today. Ten more open tomorrow. Welcome to oversupply. If you’re not tracking new builds and approvals, you’re not running a business—you’re playing blindfold chess. 8. Running Out of Oxygen (aka Working Capital) Hotels are living organisms. They need capital to breathe. When you cut reinvestment, reduce buffers, and run lean—you starve the soul of your business. And once service dips, reviews follow. 9. Stubborn, Slow, Inflexible Management If your systems are old, your mindset older, and your tech slower than your guest’s mobile network—you’re already losing. Agility is no longer optional. 10. Forgetting the Service Soul When we forget that we’re in the business of care, not keys—guests leave. Staff disengage. And hotels crumble. Poor service and poor maintenance kill faster than poor strategy ever will. ⸻ Hotels don’t fail overnight. They fail because leadership fell asleep at the wheel. Don’t be that investor who reads reports only after the failure. Be the one who learns before the fall. Which one of these 10 hit hardest for you? Let’s open the floor to real stories and tough truths. #HotelInvestments #HospitalityLeadership #WhyHotelsFail #GRTHotels #grthotelsandresorts #LeadershipLessons #ThePromiseOfMore
-
The most dangerous mindset in hospitality right now? “We’ve always done it this way.” That one sentence has quietly killed more innovation, guest satisfaction, and employee retention than anything else in this industry. We are living in a time when customer expectations are changing weekly. Content trends are evolving daily. And yet, behind the scenes at some hotels, cruise lines, and destinations, the same outdated strategies are still being passed around like family recipes. “That’s how we’ve always handled check-ins.” “That’s how we’ve always posted on Instagram.” “That’s how we’ve always trained new hires.” Let me ask you this, how many guests have walked out of your lobby, or off your ship, thinking “That was fine… but I probably won’t come back” because the experience didn’t evolve with the times? Here’s some tactical advice I’ve seen work firsthand: 1. Quarterly innovation reviews: Every 90 days, sit your leadership team down and ask, “What are we doing just because it’s tradition?” Replace at least one of those things with something bold and guest-focused. 2. Rotate team members into social media strategy: Don’t let your digital presence be dictated by one person’s routine. Frontline staff have real-time insight into what guests actually care about, put them in the room where content ideas are born. 3. Reverse mentor your executives: Your youngest employees see things differently. Once a month, have someone under 30 lead a meeting about what content, platforms, or service experiences feel outdated, and what’s inspiring them right now. 4. Stop rewarding tenure over traction: Respect loyalty, but measure success by adaptability, not years served. The brands thriving in 2025 are the ones hiring for mindset, not just experience. 5. Audit your guest journey like a TikTok user: Fast. Visual. Emotionally clear. If any step of your guest experience is clunky, confusing, or uninspired, fix it. Don’t defend it. No one cares how long you’ve done it that way. The hospitality industry isn’t dying, but the old way of doing it is. What’s replacing it is faster, bolder, more digital, more transparent, and driven by stories that actually matter. Don’t get left behind because you refused to change something 'that always worked.' If that mindset worked in 2015, great. But this isn’t 2015. This is now! ---- I'm Scott Eddy, keynote speaker, social media strategist, and the #15 hospitality influencer in the world. I help hotels, cruise lines, and destinations tell stories that drive revenue and lasting results — through strategy, content, and unforgettable photo shoots. If the way I look at the world of hospitality works for you, and you want to have a conversation about working together, let's chat: scott@mrscotteddy.com.
-
An Area Manager should never walk into a restaurant without a question. Because a restaurant visit is not about finding everything that is wrong. It is about identifying what matters most - and understanding what is causing it. The numbers may give you the first signal. The floor gives you the evidence. And the visit should give you the diagnosis. Not a tour. Not an inspection. Not a checklist exercise. A strong visit starts before the Area Manager reaches the door. Review: Sales trend. Guest complaints. Wastage. Labour deployment and productivity. Inventory or stock exceptions. Previous action points. Recurring performance gaps. The objective is simple: Enter with context, not assumptions. Know what deserves attention. Then use the floor to confirm, challenge, or deepen what the data suggests. Once inside, do not inspect everything with the same eye. Read the restaurant through five lenses: Guest: Where is friction showing up? Team: Where is rhythm, capability, or accountability breaking? Manager: Is the restaurant being led - or merely kept running? Operations: Which process, handover, station, or control point is failing? Business & Control: What are these signals doing to sales, margin, labour, wastage, availability, or repeat business? A strong visit connects these lenses. Because what looks like five separate problems may actually point to one underlying control gap. WHAT TO OBSERVE UNDER EACH LENS? Guest Watch waiting, movement, order accuracy, table condition, product availability, and how complaints are handled. Team Watch deployment, urgency, communication, station ownership, handovers, and what happens when pressure rises. Manager Watch whether the manager anticipates, prioritises, coaches, and controls – or only reacts. Operations Watch prep readiness, bottlenecks, equipment issues, stock gaps, wastage, and repeated process failures. Business & Control Validate unusual sales patterns, labour variance, stock exceptions, wastage, availability gaps, and recurring losses against what you see on the floor. The goal is not to collect more observations. It is to understand which signals are connected. Before you leave, do not walk out with a long list of disconnected actions. Leave with clarity on five things: Priority problem: What matters most right now? Underlying cause: What is driving or repeating it? Action: What needs to change? Owner: Who is accountable? Follow-up: When will progress be reviewed? A strong Area Manager visit should create focus. Not just more work. The value of an Area Manager is not measured by how many faults they can find. It is measured by how quickly they can separate symptoms from causes, connect the patterns, and focus the restaurant on what matters most. Inspection tells you what is wrong. Diagnosis tells you what must change. When you visit a restaurant, which one are you really doing? #RestaurantOperations #RestaurantManagement #AreaManager #OperationalDiagnostics #HospitalityLeadership
-
Online Travel Agencies (OTAs) like Booking.com, Expedia, Agoda, MMT and Hotels.com can be valuable for hotels in terms of visibility and bookings. However, they can also negatively impact hotel revenue in several key ways: --- 🔻 1. High Commission Fees OTAs typically charge 15% to 30% commission on each booking. This eats into the hotel’s profit margins, especially for smaller or independent hotels. 🔻 2. Rate Parity Clauses Hotels are often contractually bound to offer the same or lower rates on OTAs as on their own website. This makes it difficult to drive direct bookings (which are more profitable). Some countries have started banning or restricting these clauses. 🔻 3. Loss of Direct Customer Relationship OTAs own the customer data (email, preferences, etc.). Hotels lose opportunities to build guest loyalty, upsell, or personalize services for future bookings. 🔻 4. Price Wars and Brand Devaluation OTAs often discount heavily or bundle hotel rooms with other services (flights, car rentals). This can undermine a hotel’s brand value, making it seem like a “commodity” rather than a unique experience. 🔻 5. Dependency on OTAs Hotels become over-reliant on OTA bookings, especially during low seasons. This reduces control over their own revenue streams and increases vulnerability to OTA policy changes. 🔻 6. Cancellation Risks OTA bookings often come with higher cancellation rates, especially when free-cancellation policies are promoted. This leads to uncertain occupancy and last-minute revenue losses. 🔻 7. Last-Room Availability Pressure OTAs may demand that hotels allocate all available rooms, even during peak seasons. Hotels can lose the chance to sell at a higher price directly to customers. --- 📉 Summary: How OTAs Hurt Hotel Revenue --- ✅ What Hotels Can Do Promote direct bookings through loyalty programs, perks, or better rates. Use metasearch engines (like Google Hotel Ads) to compete with OTAs. Build strong email marketing and CRM strategies. Offer exclusive packages not available on OTAs. Let me know if you'd like a visual presentation or strategy plan for hotels to reduce OTA dependency.
-
No single weakness in accounts payable usually creates the business case. But when control gaps accumulate across the procure-to-pay process, the value leakage can be significant. AP controls rarely break overnight. They erode gradually, through workarounds, outdated thresholds, manual checks and exceptions that become business as usual. The result is often a process that still appears controlled, but no longer protects cash, working capital or compliance as effectively as intended. Here are eight common leakage points across procure-to-pay: 𝟏. 𝐑𝐞𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧: Spend is committed before budget ownership is confirmed. Requests are approved informally before budget, policy, or cost-centre validation is in place. 𝟐. 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐫𝐝𝐞𝐫: POs are created after the fact. When the PO follows the invoice, it becomes documentation rather than a control mechanism. 𝟑. 𝐆𝐨𝐨𝐝𝐬 𝐫𝐞𝐜𝐞𝐢𝐩𝐭: Receipt confirmation is inconsistent. Invoices are paid before goods or services have been properly validated. 𝟒. 𝐈𝐧𝐯𝐨𝐢𝐜𝐞 𝐜𝐚𝐩𝐭𝐮𝐫𝐞: Duplicate invoices are not detected systematically. Similar or identical invoices can be processed when controls rely on manual review. 𝟓. 𝐓𝐡𝐫𝐞𝐞-𝐰𝐚𝐲 𝐦𝐚𝐭𝐜𝐡: Matching is bypassed under pressure. PO, receipt, and invoice validation are deprioritised when workloads increase. 𝟔. 𝐀𝐩𝐩𝐫𝐨𝐯𝐚𝐥: Thresholds no longer reflect current spend patterns. Outdated approval limits and exception routes allow urgent payments to bypass intended controls. 𝟕. 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐫𝐮𝐧: Payment terms are not actively managed. Runs are not consistently aligned with negotiated terms, reducing discount capture and working capital benefits. 𝟖. 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧: Issues are identified too late. Duplicate payments, posting errors, and exceptions remain hidden when reconciliation is not performed frequently enough. Four practical moves can close a large share of the gap: 𝟏. 𝐌𝐚𝐤𝐞 𝐭𝐡𝐫𝐞𝐞-𝐰𝐚𝐲 𝐦𝐚𝐭𝐜𝐡𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝, with clearly defined and owned exceptions. 𝟐. 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞 𝐝𝐮𝐩𝐥𝐢𝐜𝐚𝐭𝐞 𝐝𝐞𝐭𝐞𝐜𝐭𝐢𝐨𝐧 to reduce reliance on manual controls. 𝟑. 𝐀𝐥𝐢𝐠𝐧 𝐩𝐚𝐲𝐦𝐞𝐧𝐭 𝐫𝐮𝐧𝐬 𝐰𝐢𝐭𝐡 𝐧𝐞𝐠𝐨𝐭𝐢𝐚𝐭𝐞𝐝 𝐭𝐞𝐫𝐦𝐬 to capture discounts and improve cash management. 𝟒. 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐦𝐨𝐧𝐭𝐡𝐥𝐲 𝐫𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧 𝐝𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 to reduce the window in which errors remain undetected. The question is not whether the AP process has controls on paper. The question is whether those controls still work in practice. Which of these eight areas would withstand an honest review of your procure-to-pay process? P.S. The fastest-growing leakage often sits in the controls that have not been challenged for more than a year.
-
𝗜𝗱𝗲𝗮 #𝟭𝟲: 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 𝘁𝗵𝗮𝘁 𝗺𝗮𝘁𝘁𝗲𝗿: 𝘁𝗵𝗲 𝗯𝗲𝗮𝘂𝘁𝘆 𝗼𝗳 𝘀𝗽𝗶𝗹𝗹 𝗮𝗻𝗱 𝘀𝗽𝗼𝗶𝗹 I worked with a hotel chain that was focused on two high-level KPIs: 𝗮𝘃𝗲𝗿𝗮𝗴𝗲 𝗿𝗼𝗼𝗺 𝗿𝗮𝘁𝗲 (𝗔𝗥𝗥) and 𝗼𝗰𝗰𝘂𝗽𝗮𝗻𝗰𝘆 (%). Occupancy was around 80% and had increased year on year but this aggregate average was hiding significant opportunities. When we de-averaged the overall occupancy by hotel and night, we discovered that very few hotels were 80% full: most were either completely full or only half full. We reframed performance using two “failure metrics” (see illustration): • 𝗦𝗽𝗼𝗶𝗹: measured empty rooms (by hotel, by night). • 𝗦𝗽𝗶𝗹𝗹: measured “lost trading days” when a hotel reached full occupancy too early. By analysing 𝘀𝗽𝗶𝗹𝗹 𝗮𝗻𝗱 𝘀𝗽𝗼𝗶𝗹 𝗮𝘁 𝗮 𝘀𝗶𝘁𝗲-𝗻𝗶𝗴𝗵𝘁 𝗹𝗲𝘃𝗲𝗹, we uncovered significant value: • Spoil caused by pricing too high or insufficient marketing. • Spill caused by pricing too low or overmarketing. 𝗦𝗽𝗼𝗶𝗹 𝗶𝘀 𝗮 𝗳𝗮𝗰𝘁. 𝗦𝗽𝗶𝗹𝗹 𝗶𝘀 𝗮 𝗺𝗼𝗱𝗲𝗹. One measures what you wasted; the other estimates what you missed. The principle applies to almost any decision made under uncertainty: where there’s finite capacity and variable demand, there’s always a 𝘀𝗽𝗶𝗹𝗹-𝘀𝗽𝗼𝗶𝗹 𝘁𝗿𝗮𝗱𝗲-𝗼𝗳𝗳. I’ve applied this framework across a diverse range of businesses: • 𝗖𝗮𝗹𝗹 𝗰𝗲𝗻𝘁𝗿𝗲𝘀: spill = calls with no agents (missed sales); spoil = agents with no calls (wasted labour). • 𝗥𝗲𝘀𝘁𝗮𝘂𝗿𝗮𝗻𝘁𝘀: spill = understaffed hours (poor service); spoil = overstaffed hours (low productivity). • 𝗦𝘂𝗽𝗲𝗿𝗺𝗮𝗿𝗸𝗲𝘁𝘀: spill = missed sales (poor availability); spoil = waste (over-stocking). Every business wrestles with these two-sided costs – the 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗲𝘅𝗰𝗲𝘀𝘀 and the 𝗰𝗼𝘀𝘁 𝗼𝗳 𝗺𝗶𝘀𝘀𝗲𝗱 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆. Once you measure both, you can manage the balance intelligently. The best metrics don’t just describe performance – they expose 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘮𝘰𝘥𝘦𝘴 that can actually be fixed. Key takeaways: • Analyse at the most atomic level that could be actionable (hour, site-night, SKU-store, agent, keyword etc.) • Define the acceptable 𝗴𝘂𝗮𝗿𝗱𝗿𝗮𝗶𝗹𝘀 for that atomic outcome. • Systematically analyse the distribution of performance outside guardrails. • Recognise that averages hide opportunities where good and bad performance offset each other There’s a fascinating 140-year history of optimising these decisions which are commonly referred to as Newsvendor problems – but that story deserves its own post.
-
My #WiT2025 takeaways (1/10): Hospitality Show-off Luxury is dead. Long live Meaning. The new battleground in Asia Pacific hospitality is not distribution or price. It's Experience Orchestration. If your tech stack creates friction, you're losing the most valuable guest. 1. The Luxury Pivot: From Having to Becoming Luxury is shifting from material expense ("bling") to profound personal connection and purpose. Top-tier clients are moving from having (material goods) to becoming (experiences), favoring experiences that emphasize social impact or personal immersion. Some panelists therefore mentioned that the core metric for success is moving beyond RevPAR and occupancy to the Return on Emotional Investment (ROE). Loyalty is no longer just driven by points, but in some cases by co-creation and "money-can't-buy experiences", such as COMO Hotels and Resorts collaborating with NASA, as mentioned by Puneet Mahindroo during WiT (Web in Travel). 2. The Crisis of Data Orchestration While distribution channels are largely "solved" (or at least manageable at scale today), the biggest challenge is Experience Orchestration. Systematic data fragmentation still prevents a unified view of the guest, meaning technology operates in silos (pre-stay versus in-stay, F&B, spa, rooms) while the guest interacts with the hotel as a single entity. This causes visible friction: even guests who pre-check-in online frequently waste time at the front desk being asked for information they have already provided. This friction is most acute during the transition from the platform (mostly OTA but also direct) to the physical check-in. This aspect is key as a better in-stay experience may increase the probability for a guest to return by 3.8x according to panelists. 3. OTAs as Experience Partners, Not Gatekeepers In the long standing “love-hate” relationships between OTAs and Hotels, Online Travel Agencies (OTAs) are pushing to redefine their role, shifting from being mere "gatekeepers" to genuine experience partners. For example, according to Xing Xiong, COO of Trip.com, more than 50% of guest queries on platforms like Trip.com occur before the booking is finalized. By providing AI-enabled tools and pre-sale support, OTAs aim to reduce customer friction and increase conversion. 4. Scaling Independent Hospitality Independent hotel groups, such as Worldwide Hotels (WWH), benefit from flexibility and agility. As Carolyn Choo, her CEO, pointed out, the democratization of technology, especially AI, acts as an "equalizer," enabling independent operators to adopt powerful, non-proprietary revenue management and guest experience tools. In highly fragmented sectors, like luxury villas and rentals, scaling is best achieved through an M&A roll-up strategy as mentioned by Stephanie Chai from The Luxe Nomad: acquiring specialized property management companies to gain scale and market expertise. #HospitalityTech #CustomerExperience #LuxuryTravel #AI #TravelStrategy #TheWayForward
-
I’ve been into hotel finance for almost 10+ years now. I’ve learned that what’s left unsaid by your guests often impacts your bottom line the most. Sure, you’ve got rave reviews from happy travelers, and yes, complaint-handling protocols are in place. But what about the guests who leave with a polite smile yet never return? 𝟭. 𝗥𝗲𝗽𝗲𝗮𝘁 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗟𝗼𝘀𝘀: Returning guests are 60%-70% more profitable than new ones. But if their dissatisfaction remains unvoiced, you may never know why they didn’t come back. 𝟮. 𝗥𝗲𝗳𝗲𝗿𝗿𝗮𝗹 𝗗𝗲𝗰𝗹𝗶𝗻𝗲: A guest who doesn’t complain might not be angry—but they also aren’t recommending your property to friends or family. 𝟯. 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝗶𝗲𝘀: Issues like slow room service or poor amenities that go unreported stay unaddressed. Unsolved problems can cost more over time, both financially and reputationally. 𝟰. 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗟𝗲𝗮𝗸𝗮𝗴𝗲: A seemingly "happy" guest may quietly book elsewhere next time, even if your rates are competitive. 𝟱. 𝗠𝗶𝘀𝘀𝗲𝗱 𝗨𝗽𝘀𝗲𝗹𝗹𝗶𝗻𝗴 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀: Unspoken discomfort (like noisy rooms or bland food) can discourage guests from spending more on upgrades or F&B services. But how do you identify these silent signals? 𝟭. 𝗗𝗲𝗲𝗽-𝗱𝗶𝘃𝗲 𝗦𝘂𝗿𝘃𝗲𝘆𝘀 𝘁𝗵𝗮𝘁 𝗚𝗼 𝗕𝗲𝘆𝗼𝗻𝗱 𝗕𝗮𝘀𝗶𝗰𝘀 - Ask open-ended questions like: “𝙒𝙝𝙖𝙩’𝙨 𝙤𝙣𝙚 𝙩𝙝𝙞𝙣𝙜 𝙩𝙝𝙖𝙩 𝙘𝙤𝙪𝙡𝙙 𝙝𝙖𝙫𝙚 𝙢𝙖𝙙𝙚 𝙮𝙤𝙪𝙧 𝙨𝙩𝙖𝙮 𝙚𝙫𝙚𝙣 𝙗𝙚𝙩𝙩𝙚𝙧?” 𝟮. 𝗕𝗲𝗵𝗮𝘃𝗶𝗼𝗿𝗮𝗹 𝗗𝗮𝘁𝗮 𝗧𝗿𝗮𝗰𝗸𝗶𝗻𝗴 - Patterns like short booking durations or lower in-house spending can signal dissatisfaction. 𝟯. 𝗘𝗺𝗽𝗼𝘄𝗲𝗿 𝗬𝗼𝘂𝗿 𝗙𝗿𝗼𝗻𝘁𝗹𝗶𝗻𝗲 𝗦𝘁𝗮𝗳𝗳 - Train them to observe non-verbal cues and proactively check in: “𝙃𝙤𝙬’𝙨 𝙮𝙤𝙪𝙧 𝙧𝙤𝙤𝙢? 𝙄𝙨 𝙩𝙝𝙚𝙧𝙚 𝙖𝙣𝙮𝙩𝙝𝙞𝙣𝙜 𝙬𝙚 𝙘𝙖𝙣 𝙞𝙢𝙥𝙧𝙤𝙫𝙚?” 𝟰. 𝗘𝗻𝗰𝗼𝘂𝗿𝗮𝗴𝗲 𝗔𝗻𝗼𝗻𝘆𝗺𝗼𝘂𝘀 𝗙𝗲𝗲𝗱𝗯𝗮𝗰𝗸 - QR codes or anonymous forms allow shy guests to express concerns without confrontation. 𝟱. 𝗠𝗼𝗻𝗶𝘁𝗼𝗿 𝗢𝗻𝗹𝗶𝗻𝗲 𝗔𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗣𝗼𝘀𝘁-𝗦𝘁𝗮𝘆 - A lack of reviews could be as telling as negative ones. 𝟲. 𝗦𝗶𝗹𝗲𝗻𝘁 𝗱𝗶𝘀𝘀𝗮𝘁𝗶𝘀𝗳𝗮𝗰𝘁𝗶𝗼𝗻 𝗶𝘀𝗻’𝘁 𝗷𝘂𝘀𝘁 𝗮 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗽𝗿𝗼𝗯𝗹𝗲𝗺—𝗶𝘁’𝘀 𝗮 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗽𝗿𝗼𝗯𝗹𝗲𝗺. 𝗔 𝟱% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗴𝘂𝗲𝘀𝘁 𝗿𝗲𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗰𝗮𝗻 𝗯𝗼𝗼𝘀𝘁 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝗯𝘆 𝟮𝟱%-𝟵𝟱%. - Catching and resolving hidden pain points early reduces the cost of negative guest experiences and their long-term ripple effects. If you want to unlock your hotel’s full revenue potential, listen closely to what’s not being said. The best time to address silent dissatisfaction is before it leaves your property. Every smile, every stay, and every “thank you” has a story. Make sure you know all of it.
-
A viral image of an ATM in Ludhiana recently caught my attention - a dangerously steep ramp ending abruptly at a glass door, with a staircase running alongside that leads nowhere. A perfect reminder of a hard-earned lesson in fintech: "Compliance isn’t just a checkbox." Product Managers: You don't want to miss saving 💾 this post for your future reference. This ramp was technically "compliant" - yes, there was a wheelchair access ramp. But it completely missed the purpose of accessibility. People had angry comments on social media about the apathy with which wheelchair-bound customers were treated and how the bank had made a mockery of accessibility. No amount of regulation can account for 'compliance as a checkbox' implementations that are designed to meet the regulation but not serve their intended purpose. It's the same trap I've seen countless fintech products fall into - implementing regulations as mere checkboxes rather than embracing them as design principles. I've experienced regulatory hurdles umpteen times in product launches; in fact, I've never experienced a straightforward implementation that hasn't hit a regulatory roadblock. BUT I can say this confidently: Compliance-first design is the secret sauce that makes the battle easier and less arduous, and inarguably 'faster' IF You just stick to the first principles of building this into your product strategy from day one . Regulations can either slow you down or become your competitive edge. To make compliance your strategic advantage, here's my 3-step playbook: 1/ Design Integration: Make regulatory adherence a natural part of the user experience rather than an afterthought ↳Embed compliance requirements into your initial product design ↳Get feedback from legal and compliance teams, and even the regulator if needed ↳Validate, Test, Iterate, Repeat 2/ Cross-Functional Collaboration: Build bridges between product, legal/compliance teams from day one ↳Involve them early ↳Make compliance & legal stakeholders brainstorm and provide feedback ↳Balance innovation with regulatory requirements using case studies and data to back up assertions instead of getting into crosshairs with them 3/ Validate Early, Validate Often: ↳Test with real scenarios ↳Get early feedback from regulators ↳Regular compliance assessments, no matter what stage of development you are in One golden tip - document everything, err on the side of caution when it comes to building and fostering trust with legal and compliance counterparts. The lesson in one line? Build WITH compliance, not around it. Instead of working around regulations, let's build with them. Because when you design within the right guardrails, innovation doesn't just survive—it scales. What's your strategy for managing fintech compliance? Share below. 👍 LIKE this post, 🔄 REPOST this to your network and follow me, Monica Jasuja