During the week of June 6-9 Hyatt Hotels conducted their 2023 Procurement Summit at the beautiful Hyatt Regency Grand Cypress property. During the event BirchStreet Systems CEO John Fay addressed more than 140 procurement professionals and sponsors gathered for the event.
In today’s ever-progressing business landscape, organizations across all industries are always looking for new, innovative solutions to streamline their operations and drive sustainable growth. One critical aspect of achieving success is efficient procurement management.
We are halfway through the second quarter of 2023 and see the hospitality industry looking forward to trends taking shape. While these trends have been on a gradual incline over the recent years, industry experts predict the rest of this year will witness a significant increase in renovation and conversion projects as well as new construction trends in relation to the procurement processes.
At BirchStreet Systems, we’re always striving for excellence in product delivery - and that starts with excelling as a team.
Over the past few decades, we have seen constant advancements in automation technology, particularly when it comes to the hospitality procurement process. And while these advancements have created unmatched levels of consistency, efficiency, and convenience, there’s one area in particular that often gets left out of this automation: payments.
Despite the many challenges thrown in the face of the hospitality industry, dozens of growth statistics indicate that the industry is projected to become stronger than ever. But how can so much growth occur after such vast economic uncertainty occurred over the past few years? The answer lies in automation.
It’s no secret that e-commerce has experienced a rapid surge over recent years, reaching a nearly 50% user penetration rate for digital commerce in 2020, and more skyrocketing growth throughout and following the COVID-19 pandemic.
Two new reports, Payment Solutions for Travel Managers and Business Traveler: Landscape of Travel Payments, sponsored by TSYS reveal that general awareness of new payment technology, such as mobile payments and contactless cards is high, but interest is focused around the expense reporting side.