For the first time, technology has become a real point of differentiation for hotel companies. As owners and asset managers become more involved and focusÂ on technology and distribution, the pressure will grow for brand companies.Â Itâ€™s great the entire industry recognizes the problem, but the question becomes, how does it get solved? Or worse, what happens if it doesnâ€™t?
After attending the summer season of hotel industry events, I was surprised to see a new found recognition from hotel brand companies that technology has become an urgent priority. It is refreshing to hear executives admitting that they have fallen behind the curve and are desperate for new solutions.
It wasnâ€™t that long ago that technology and distribution were barely mentioned at these events, but now they are often the focus of general sessions at even the biggest investment conferences like NYU. And now we even have newer events like the Revenue Strategy Summit and the Hotel Data Conference where distribution is a main topic on the agenda.
Itâ€™s remarkable to see such a transformation, but thatâ€™s where my excitement stops. In the next breath, many of the same hotel brand leaders talk about a renewed commitment to building better technology. They want to compete with Expedia, Priceline, and Google by creating their own in-house platforms.
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