Last week’s The Hospitality Show rounded out the major conferences for 2024. HIA’s team participated with a booth and spoke with many hoteliers on the tradeshow floor. Here are the top 3 trends hoteliers and integration partners were speaking about in finance and technology.
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R. Mark Woodworth, Principal at Woodworth Core Group and Board Member for Hotel Investor Apps, considers US lodging industry forecasts for 2025 along side US economic forecasts for 2025 for an in-depth analysis and offers a clear takeaway for industry leaders.
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At the recent Lodging Conference 2024 in Phoenix, Arizona, industry leaders gathered to discuss the current trends and forecasts for the hospitality industry. The Hotel Investor Apps team was busy in meetings and technology conversations – here are 6 key takeaways trending with tech leaders today:
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Hotel Investor Apps (HIA) is excited to announce a series of powerful new enhancements to its Budgeting & Forecasting Module, as part of its hospitality ERP platform. These improvements are designed to streamline budgeting workflows, reduce repetitive tasks, and provide greater control and precision over financial planning for hotel operators.
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“The numbers are… how we keep score in the game of hotel management.” - David Lund, hotel financial coach and author, “The Prosperous Hotelier”If numbers are how we keep score in hotel management, then hotel teams deserve the best scoreboards possible with which they can track performance against budget and keep their eyes on the...
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Hotel Investor Apps (HIA) is happy to announce enhancements to its API integration with REPAY rolling out over the next several weeks. This update provides more detailed payment information within the HIA system so that users can more easily reference and provide proof of payment. For example, check payments will now include the check number, a...
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Choosing the right ERP system for your hospitality business can transform the way you operate, offering streamlined processes, real-time insights, and improved profitability. This comprehensive guide covers essential factors to consider when selecting an ERP tailored to hospitality, from evaluating key features and integration capabilities to understanding total costs and ROI. Whether you’re a third-party management company or a privately owned hotel, these best practices will help you make an informed decision that supports long-term success. Discover how to choose the perfect ERP for your hospitality organization, and get a head start with our free ERP Features Checklist.
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More companies are turning to labor intelligence in response to rising labor costs and unprecedented labor shortages. Higher labor expenses can affect profit margins and profitability, and if there are not enough staff to meet business demands, it can also affect service levels and guest satisfaction.
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Hotel management companies are looking for solutions for boosting efficiency as they juggle challenges of portfolio management including hotels at all different stages of the development and renovation pipelines, as well as larger issues of labor scarcity, rising labor rates, and how to do more with smaller teams. In the hotel back office, legacy systems, error-prone...
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It was a great HITEC event this year - attendees and exhibitors alike were all talking about the high energy and high attendance of the show held in Charlotte, North Carolina last week. Nearly 6000 attendees and 325+ exhibitors filled the Charlotte Convention Center to focus on all things hospitality tech.Factors Converging for Tech AdoptionThe...
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For hotel accountings, closing monthly books can be a time-consuming and detailed process. This article covers 8 ways that technology can help speed up the month-end close.
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Chip Fritsch, COO and Co-Founder of Hotel Investor Apps was featured in Hotel Business with an exclusive article on power of Artificial Intelligence in modern hotel accounting software.
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Enter the growing popularity of Enterprise Resource Planning systems (ERPs) for hotels that provide consolidated functionality in one platform. Hotel ERP’s stand out from other software in that they are built to integrate different aspects of the business into one consolidated system.
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When a hotel company gets ready to start working with a new accounting system, most plan to take the plunge with a universal go-live date for all properties. However, sometimes hoteliers request to only onboard one or two hotels out of the portfolio to start.There may be very valid reasons for this request - the...
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In today’s competitive hospitality industry, choosing the right back-office hotel software can significantly impact your hotel company’s efficiency and profitability. You need a system that provides real-time information on the financial health as well as performance of each hotel, and the portfolio. For financial well-being, it often boils down to a choice between specialized hotel accounting software and a comprehensive hotel ERP platform. Each solution has advantages depending on the needs of the hotel management or ownership group. In this blog, we’ll explore the key differences between these two types of software, helping you determine which is best suited to meet the specific needs of your hotel business.
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HIA, the premiere hotel ERP, has announced a new integration with Microsoft Teams as part of its latest enhancements. Other recent enhancements include improved mobile app experience, and improved GL error detection.
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Having a streamlined back office merrily humming as it processes revenue and expenses is the dream of many hotel finance teams. And it is an achievable dream with a digital transformation of that cornerstone of the hotel back office - the accounting system. The accounting system is the key to providing more accurate, comprehensive, and...
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Since the start of this century, we have experienced three recessions: March – November 2001 (9/11 and the Dot.Com bubble); December 2007 – June 2009 (Great Financial Crisis – GFC), and February – April 2020 (the pandemic). All three had very different contours (depth and duration), which may be explained by the principal cause associated with each contraction.
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In HIA Intelligence, HIA’s business intelligence and labor management solution, the Inova integration will work directly with HIA’s business intelligence and labor management tool to help hoteliers make smarter labor decisions by offering real-time labor analysis.
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Hotel Investor Apps (HIA), the hospitality-specific ERP, Accounting & Business Intelligence solution, has been recognized with the Acumatica Innovation Award 2024.
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