Hospitality Industry news and trends

33% of Main Street SMBs With 5 or Fewer Staffers Saw Lower Earnings in 2023
SMBs // April 30, 2024

Most small to mid-sized businesses (SMBs) located up and down Main Street, USA, are doing just fine, thank you very much.  In fact, according to PYMNTS Intelligence data, business growth and wages for more than half of U.S. Main Street SMBs are outpacing last quarter’s...

Spreedly Enables Mobile Wallet Transactions on Olo’s Hospitality Platform
ResTech // April 11, 2024

Olo has selected Spreedly to enable mobile wallet transactions for restaurants that use Olo’s software-as-a-service (SaaS) platform for the hospitality industry. Spreedly’s open payments platform will enable the two companies’ mutual customers to offer their guests mobile wallet and third-party checkout options, including PayPal and Venmo, the companies...

Private Equity Firm TPG Enters Vacation Rental Market in Florida
Real Estate // November 07, 2023

Private-equity firm TPG has made a significant move into the vacation rental market by acquiring single-family homes in Florida and offering them for nightly rentals similar to Airbnb. Unlike other private-equity firms and institutional investors, TPG has opted for short-term rentals instead of longer lease...

TravelNet Solutions Adds Payment Processing to Property Management System
Travel Payments // October 22, 2023

TravelNet Solutions has unveiled enhancements and extensions to its flagship product for the short-term rental industry, Track Property Management System. These new features include Payments, Reviews Management and Distribution Engine tools, the Minnesota-based software solutions provider said in a Sunday (Oct. 22) press release. Track Payments, a new...

Interviews & Exclusives
Automation Steps In to Fill Hospitality Service Staff Shortages

May 11, 2023
The pandemic had a massive ripple effect on jobs throughout the hospitality industry. Travel restrictions and social distancing brought business and recreational travel to a standstill. The industry has been slow to recover, partly due to Zoom and other teleconferencing services supplanting many forms of business travel. Hotels laid off and furloughed employees in record […]

How Actors Really Find Those Waiter Gigs

April 05, 2017
Actors are always on the hunt for their next big break, but until then, many find themselves on the hunt for gigs in the hospitality industry. Whether its tending bar...

Quick Reads
CardFree Launches ‘Smart AI Upsell’ Feature for Restaurants, Hospitality Businesses

June 12, 2024
CardFree has added a new Smart AI Upsell feature to its online ordering platform for the restaurant and hospitality industry. This feature uses artificial intelligence (AI) and historical ordering data to suggest items that are paired with those that are already in the customer’s basket, prior to checkout, the company said in a Wednesday (June […]

Spreedly Enables Mobile Wallet Transactions on Olo’s Hospitality Platform

April 11, 2024
Olo has selected Spreedly to enable mobile wallet transactions for restaurants that use Olo’s software-as-a-service (SaaS) platform for the hospitality industry. Spreedly’s open payments platform will enable the two companies’ mutual customers to...

Private Equity Firm TPG Enters Vacation Rental Market in Florida

November 07, 2023
Private-equity firm TPG has made a significant move into the vacation rental market by acquiring single-family homes in Florida and offering them for nightly rentals similar to Airbnb. Unlike other...

TravelNet Solutions Adds Payment Processing to Property Management System

October 22, 2023
TravelNet Solutions has unveiled enhancements and extensions to its flagship product for the short-term rental industry, Track Property Management System. These new features include Payments, Reviews Management and Distribution Engine tools, the...