New York is a city with an embarrassment of riches when it comes to historic hotels. Whether you want to stay in Manhattan or across the water in Brooklyn, choices include converted factories that once made textiles for NASA, bohemian dens that inspired beatnik novelists and counterculture musicians, and super-luxury boutique pads that have counted presidents and Hollywood stars as guests.
Hotels Face Digital Shift with Payment Solutions: New Skift Research
10.10.2023 - 16:31 / skift.com / Saniya Zanpure / Skift Research
The pandemic sped up the transition towards digital and alternative payment methods. Non-cash transaction volumes are projected to surge to $2.3 trillion by 2027, and it has become essential for hoteliers to embrace a variety of payment options to enhance guest satisfaction. To do so, they should consider adopting modern fintech systems and establishing partnerships with leading payment processors.
The 2023 Lodging Technology Study highlights contactless payments as one of the top 10 technology offerings that hoteliers currently provide or intend to incorporate in the upcoming year.
Our new report, Hotel Tech Benchmark: Payment Solutions 2023, gives an overview of the top payment processing and point-of-sale (POS) system vendors in the hospitality industry. The report also sheds light on their additional capabilities, like business intelligence and financial reporting, as well as the total revenue potential of the technology in the hospitality industry.
This is the latest in a series of reports and data products that Skift Research puts out. The Hotel Tech Benchmark is a data product exclusively available to our Research subscribers, offering insights in market sizes, revenue streams, and vendor landscapes for the major hotel tech categories.
After you subscribe to Skift Research, you will gain access to our entire vault of reports conducted on topics ranging from technology to marketing strategy to deep dives on key travel brands. You will also be able to access our proprietary Skift Travel Health Index and Skift Travel 200 data and reports.
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