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Navigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth

Navigating Digital Transformation: Optimizing Hospitality Operations To Enhance Margins and Growth

Workday
Pages 24 Pages

This report highlights how hospitality businesses are adopting technologies like AI, ML, workforce planning, and financial management software to tackle rising costs, staffing issues, and margin pressures amid strong travel demand and inflation. Key challenges include operational planning, volatile demand, and unexpected costs, especially from guest service disruptions. Businesses recognize AI's potential to improve financial planning and efficiency, with the global hospitality workforce software market projected to grow to $7.5 billion by 2030.

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