In recent years, the hospitality industry has weathered massive disruptions. To stay afloat, businesses leapt into the subscription economy and adopted recurring billing strategies. Welcoming these innovations introduced a fundamental shift to relational business models, which allowed organizations to retain a steady stream of income even during lean months. Here are 4 ways hospitality businesses can take advantage of this shift.
Automation has become essential for financial management. To make informed decisions, businesses need real-time insights into cash flow, customer behavior, and entity performance. Without these insights, adapting to changing circumstances becomes a challenge.
Stephen Kai, Director of Finance.
Paul Fortson, Director of Financial Systems.
Bill Breitenbach, IT Director.
