As a society we are all becoming more and more aware of the fact that we no longer need ‘real’ cash in our pockets. As we move forward with technologies such as touch payments and payments via apps on our phones, let’s explore what this means for hoteliers and what we all need to do to make sure we can accommodate the future of travel.
Article by Steve Sydenham on insights.ehotelier.com
There are at least a few industries where the price of the product is totally or substantially disconnected from the cost of production. Oil is a good one, for instance. Even though low prices eventually tend to choke off “new” supply (exploration and drilling), countries dependent on oil revenue generally keep on pumping to make up in volume what they lose on price.
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IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has announced a Multiple Development Agreement (MDA) with existing partner GS Star GmbH (GS Star) to bring 15 avid® hotels to the German market.
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