The next big thing in Travel and Hospitality industry

Backed by the present growth momentum, both the travel and hospitality industry are heading strong. Despite pent-up demand, it is necessary for these industries to leverage technology to respond to the newer competition forms more effectively. People love vacationing, exploring new places and experiencing life from another perspective. However, they worry about what is happening at home. Consider travel companies using connected home technology to provide their clientele peace of mind. Innovations could greatly help provide this service to customers anywhere. The emerging technology innovations in travel and hospitality have the potential of revolutionizing how people interact with technology. The goal is to give companies a chance to tell their stories and offer readers insights to some of the most promising breakthroughs in the industry.

The dawn of human communication instigated fast progress and there is a simple reason for it. When people start to understand one another, they can share experiences and ideas and learn faster. Communication enabled developing complex concepts from simple ones. IoT or the Internet of Things is generating a lot of excitement nowadays. This would be the birth of an entirely new era of communication, which is communication between devices. Almost every industry that exists today will be altered in some way by IoT, which include the travel and hospitality industry. 

The Internet of Things creates an environment wherein devices could be assigned IP addresses and communicate with one another via sending and receiving information in the form of low energy transmission. Taking into consideration the number of devices used in a hotel every day, it is easy to see the reason why hoteliers are very excited about the possibilities. IoT could optimize the performance of the travel and hospitality sector. It enables automating even infrequent happenings in the industry such as for instance, malfunctioning heater, could detect abnormalities in power usage and sending maintenance request.

In the travel sector, regardless if it is to keep track of airline engines performance, enabling entry to hotel rooms without key or helping tourists find their way around, IoT is making exciting opportunities. By connecting smart systems, devices, processes and people in new methods, it is simplifying the back-end operations of hotels, airlines, resorts, rental car fleets and cruise lines. As technology becomes more powerful and cheaper, much of the innovation has changed toward allowing smart devices to communicate with each other and with bigger systems. A lot of travel and hospitality brands have some Internet of Things functionality already in their back-end operations and experimenting ways of putting technology to work for the customers. With the possibility to transform almost all aspects of the travel experience, IoT would enable the organizations to collect and incorporate huge sets of data from various sources and personalize travel experiences instantly.

As the industry is under constant pressure to provide better service and at the lowest cost possible, they have been early movers with the Internet of Things. The industry has topped the list in terms of current IoT spending for every company. Executives all over the globe expect their organizations to spend $128.9 million on average on IoT initiatives.

While almost all kinds of travel businesses are likely to benefit from the Internet of Things to some degree, bigger hotel chains as well as airlines lead the charge out of the gate. On the enterprise perspective, most have IoT systems already to boost efficiency and simplify operations. Hotels manage the use and maintenance of their ventilation, heating and air conditioning, plumbing, security, elevator and other systems that are facilities-related. Airline companies employ sensors for gathering information in real-time from aircraft parts and systems used for flight data tracking, optimizing consumption of fuel and anticipating maintenance concerns.

Hotels are always looking for new ways to boost their resource utilization. The Internet of Things takes this to an entirely new level via enabling the management of several other crucial operations that previously could not be effectively monitored, like energy and power consumption. These two areas are where hoteliers have struggled always to keep their costs under control. IoT could create a massive breakthrough here. Each and every device would have a one-of-a-kind IP address, feeding information about the energy consumption to the respective servers, while incorporating with other devices, including activity monitors and motion sensors. The system would turn off air conditioning, lighting and other utilities that are not necessary intelligently, enabling hotels to cut down on consumption of energy.

The new and disruptive technologies in the travel and hospitality provided ease of operations as well as provide customers with comfort and peace of mind as they travel. With the confluence of global expansion, disruptive and emerging technologies, and a fast-expanding population, it is clear that the coming years would be very different for the sector.

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