Navigating the Modern Hotel Property Management Landscape: A Must-Read for Hotel Executives
In the hospitality industry, the objective is to thrive, not merely survive. It's essential to spot the warning signs of an outdated property management system, make timely adjustments, and know when it's time to upgrade to a solution that better aligns with your business goals. As Charles Darwin said, “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.”
So, regardless of how long your current hotel PMS has served you, an upgrade will inevitably become necessary. Notably, a recent Hospitality Technology Lodging Technology Study revealed that 69 percent of respondents plan to add, upgrade, or switch their property management systems this year. The hospitality property management software(PMS) market size is expected to grow to USD 1.83 billion by 2028 at a CAGR of 6.00% during the forecast period.
Despite this pressing need for modernization, many hoteliers still need to be more open to transition to contemporary PMS solutions. The reluctance often stems from cautionary tales of fellow hoteliers who invested in new systems only to find them ill-suited to their specific needs, leading them to revert to their outdated software despite understanding the negative impact on profitability.
However, ignoring the inefficiencies of your current system is not an option. Inaction could mean missing out on significant growth opportunities. It is crucial to adapt and evolve; failure to do so may result in obsolescence or, worse, extinction in a competitive market.
The good news is that giving guests more value for their money can be as simple as streamlining your operations for greater flexibility and convenience—on both sides of the check-in counter. Enter: The modern Hospitality Management System (HMS).
Infor has worked with industry experts to create a new eBook, "Navigating the Modern Hotel Property Management Landscape." This eBook is crafted specifically for hotel executives like you who are committed to driving innovation and excellence in their operations. This isn’t just another piece of reading material—it’s your roadmap to making a decision that could redefine your brand's success.
Why This eBook is a Must-Read:
- Understand the Shifting PMS Landscape Today’s systems are the backbone of hotel operations, integrating with revenue management and guest engagement tools. Our eBook clarifies what a modern PMS should offer.
- Key Features That Drive Success Discover the essential functionalities that translate to real-world benefits, from cloud-based flexibility to analytics that offer actionable guest insights.
- Integration for Seamless Operations Learn how a PMS can seamlessly integrate with other technologies, providing a unified view of your hotel’s performance.
- Real-World Success Stories Explore case studies from hotels that have successfully implemented new PMS solutions, leading to significant improvements in guest satisfaction and efficiency.
- Strategic PMS Selection Gain insights into evaluating your current system, identifying gaps, and choosing a PMS aligned with your long-term goals.
Ready to Take the Next Step?
Your decision today about your PMS will impact your hotel’s future for years. Equip yourself with the knowledge and insights you need to choose wisely. By downloading our eBook, you’re not just learning about PMS options—you’re setting your hotel on a path to greater efficiency, enhanced guest experiences, and increased profitability.
Aaron Stein
Global Head of Industry Marketing
