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Blog PostsTech

How Data and Technology is Reshaping the Hotel Industry

Your hotel purchasing data plays a vital role in helping you succeed in the hospitality world. The use of this data and technology can help improve operations, better understand your guests, and increase revenue.

Here are some ways data and technology are reshaping the hotel industry and how your hotel operation can make use of it:

Increased Efficiency

Leveraging technology can automate many tasks, such as inventory management, supply chain management, and contract management, which can save time and reduce errors.

Through the collection and analysis of data, you can also improve operational insights on guest behavior and hotel performance. This helps you gain a complete understanding of what may currently be working, and what you may need to work on.

With the help of technology, you can complete tasks in half the time!

Improved Decision Making

Your data can provide valuable insights into spend management, price trends, and other key metrics, which can help you make more informed decisions.

The power of data and technology can tell you where to invest your time and money. You’ll make smarter business decisions that will help benefit both your staff and your guests.

This also gives you the greater ability to compete with larger hotel chains through access to similar technologies.

Boosted Revenue

Through the use of data and technology, you can identify areas of opportunity and optimize pricing strategies.

By automating certain tasks, you can reduce labor costs, and potentially reduce costs associated with overbooking, missed reservations, and other issues.

You can also use marketing strategies that will lead to increased revenue. Optimizing the use of technology to better engage with customers and drive bookings will lead to higher occupancy rates.

Enhanced Customer Satisfaction

Understanding your purchasing data gives you the ability to personalize experiences and offer targeted promotions. Give your guests a reason to choose your operation over your competitors’ next time.

The combination of your hotel data and technology, you can effectively accommodate your guests needs and work more efficiently. Mobile check-in and room automation are hassle-free services that can help enhance the guest experience and customer satisfaction.

You can easily communicate with your guests with the help of technology. Through email automation, SMS messaging, and other notifications to guests, you can improve communication and increase guest loyalty.

Join Source1 Today!

Whether you’re looking to increase efficiency or boost revenue, leveraging your hotel data and technology can help reshape every area of your hotel operation.

Join Source1 today to make use of your hotel data and technology!

 

Blog PostsTech

Benefits of Hotel Inventory Management Technology

While managing inventory is a critical aspect of your day to day, doing it correctly and efficiently can help cut down on time and even save your hotel operation thousands of dollars each month.

Technology can help you tackle different pain points and challenges you may been facing when it comes to managing your hotel inventory.

Let’s look at the benefits of utilizing Hotel Inventory Management Technology:

Save Time

Wouldn’t it be great if you could clone yourself to do double the work in half the time? Although you can’t literally do that, you can come close to it – with technology! Counting inventory by hand is so old school. Nobody has time for that these days, especially in the midst of labor shortages.

Streamline your inventory process with Source1 technology. Say hello to more accurate forecasting. Receive alerts when your stocks are low so that you don’t have to spend time counting items you may need – effective ordering at its finest!

You can count on inventory management technology to quickly tell you how much of each ingredient you need so you can make quick reordering decisions and increase productivity.

Save Money

Along with saving time, hotel inventory management technology can also help you identify new savings opportunities. These two go hand in hand.

By utilizing hotel inventory management technology, you can reduce waste and labor – no more paying your staff overtime to stay and count each item. Everything you need will be easily accessible right through your smartphone or desktop.

Say goodbye to printing out hundreds of papers and going through boxes of pens and say hello to more accurate forecasting.

You have access to seeing what items you’re using up quickly so that you know when and how much of everything you should be ordering. Your stock levels are updated in real-time so you can avoid over-ordering or under-ordering.

This will also help you plan out how frequently your orders should come in. Your chefs can even adjust your recipes costs in real-time to ensure you’re increasing profits!

Join Source1

Source1 is here to make your inventory process smooth sailing and easy to navigate. Whether you’re looking to save time and money or just interested in ultimately making your hotel operation more tech-friendly, join Source1 today!

 

Blog Posts

3 Ways to Boost Hotel Occupancy

Your hotel occupancy rate determines the health of your business. If your occupancy rates are lower than usual, it’s time to take a look at which areas of your operation needs improvement.

With the industry rapidly changing due to the evolution of technology and the unprecedented times we’ve faced the past few years; it’s expected that hotel operators may need that extra push to keep up.

Here are 3 ways our experts at Source1 believe we can help improve your hotel occupancy:

boost occupancy

1. Promote Unique Food Offerings

Many different factors play a role in determining which hotel guests will book their next stay at and food is definitely one of the most important. Promoting unique food offerings is one way to boost your hotel occupancy.

Hotel guests are looking for convenience. Chances are, if they’re on a quick business trip, they don’t want to complicate things. Grabbing a bite on-site will make their experience that much better.

If the food being served at your hotel is mediocre, they’ll choose to stay elsewhere. That’s why it’s important to serve unique dishes to help boost both occupancy and profits.

Promote Food Offerings

As a Source1 member, you get exclusive savings on products that will help you create the perfect menu. Offering unique menu items doesn’t mean you have to spend more money. In fact, you can save money on ingredients from popular brands such as Tyson, Unilever, and Barilla.

Trust us when we say there are easier ways to accomplish an elevated guest experience.

Are you serving hash browns? We’ve got the perfect solution. Did you know that one-third of all U.S. hotels (35%) offer complimentary breakfast? One way to attract more guests is by using products from suppliers such as Michael Foods and Idahoan. I mean who doesn’t love shredded hash browns? Even better, as a Source1 member you can take advantage of discounted prices on their labor saving breakfast solutions.

If you’re serving breakfast, you’re probably frying up a LOT of eggs, sausage, and bacon—did we mention plant-based meats are trending these days? It’s no secret that menu items like these can be very expensive, especially these days.

Fortunately, we have solutions for that too! Choose from top brands like Hormel, Smithfield, Impossible, Beyond Meat, and Michael Foods for all your breakfast needs!

What’s breakfast without coffee? Guests love free coffee. If you’re serving up coffee that’s free, you better be saving on bulk purchases. Source1 partners with Smucker’s to give you bold premium coffee from Folgers 1850.

Your breakfast buffet isn’t the only area you can uplift. If your hotel isn’t offering LTO’s (limited time offers), it may be time to start. A signature dish or cocktail is a great way to drive guests in. There’s no better feeling than being remembered for something special you offered them on their last stay.

Is your buffet in need of an upgrade? We partner with top brands like Edward Don and Hubert to give you exclusive discounts and savings on solutions for commercial kitchen equipment and supplies.

Although the equipment you’re using isn’t the only factor in this equation. What food you’re serving plays a huge role in increasing hotel occupancy.

Not everyone wants to dine-in at your hotel restaurant. Sometimes people just need alone time. Room service is a huge aspect to many hotel stayers. If you offer top of the line room service with unique food offerings, you’re guaranteed repeat stays and guest loyalty.

As a hotel operator, you can check off all the boxes needed to provide exceptional room service when you join Source1. With solutions for in-room TV service from DirecTV to in-room dining and housekeeping equipment from HD Supply, American Hotel Register, and Edward Don, you can elevate your room-service at reduced costs to you.

At Source1, we’re here to make things easy for you. Increasing hotel occupancy is a piece of cake once you trust us to help you with solutions in providing unique food offerings and a remarkable experience for your guests.

2. Invest In the Right Linens

Comfort and appearance are just as important as serving good food. Your hotel needs to look and feel welcoming. Investing in the right linens will help you increase hotel occupancy. Source1 members get exclusive savings on elegant, top-quality linen solutions from suppliers like A1 American and Drapes4Show.

When your hotel looks presentable, your guests feel more inclined to book another stay. It’s the little things that make all the difference. From your window treatments and table linens to your duvets and bed skirts, Source1 handles all your linen needs to ensure your guests get an unforgettable hotel stay at an affordable cost to you.

invest in linens

3. Focus on Safety and Sanitation

We know you’ve heard it enough these past few years, but safety and sanitation should always be a top priority. A majority of hotel guests are extra cautious, especially now, when choosing a hotel to stay at.

81 percent of travelers are more comfortable staying at hotels now with enhanced protocols and standards implemented. Safety and sanitation are a major determining factor for most guests and chances are, they’ll pay more if it means they’re staying somewhere that takes that extra step to ensure a clean, safe environment for both their guests and staff.

safety and sanitation

When you’re actively cleaning and sanitizing many areas of your hotel operation, it’s important you’re saving money on the products you’re using every day. Source1 members can save on solutions for staff training, hand sanitizing dispensers, AEDs, tourniquets, eye-washing stations, and an array of First Aid solutions with Cintas.

Source1 members also get access to savings on a wide variety of sanitation solutions such as cleaning products, dispensers, wipes, and more through HD Supply, Edward Don, and Cintas.

Join Source1 Today to Improve Your Hotel Occupancy

Improving your hotel occupancy doesn’t happen overnight. It’s an ongoing process that you as the hotel operator need to stay consistent with. Making small changes to your hotel will make all the difference for your guests.

From the food you serve to the linens you use; guests pay attention to every small detail when choosing which hotel to make their next stay at.

If you want to build loyalty, increase hotel occupancy, and save money on all your operational needs, become a Source1 member today!

 

 

 

 

 

 

 

 

 

 

 

 

Blog PostsUncategorized

5 Hotel Trends to Watch for in 2022

2022 is just a few short weeks away and it’s likely there will be an increase in travel in the coming new year, whether it’s for business or leisure.

As challenges continue to grow within the supply chain and labor shortages are at an all-time high, it’s important to take advantage of solutions that will help you run a profitable hotel operation.

Let’s take a look at 5 hotel trends you should watch for in 2022:

2022 hotel trends

Partnering With Supply Chain Experts

One trend to adopt in the coming new year is to partner with Supply Chain Management experts, such as Source1. With the unpredictable state of the supply chain, hotel operators are having trouble procuring the necessary supplies to keep their operation up and running – including food and beverage products

By leveraging supply chain management experts, you can reduce costs, optimize your purchasing, and ensure you’re getting high-quality products at competitive prices.

Leaning on industry leaders such as Source1, you gain the power your operation needs and access to supply chain programs tailored specifically to your operations unique needs.

From cost-effective product sourcing to distribution management, partnering with supply chain experts can even help with negotiating contracts so you can maintain high-quality standards.

supply chain expertise

Embracing Technology

Technology is evolving every day and as a hotel operator, it’s important to embrace the digital age. One way of doing so is by adopting different technology solutions that streamline processes and give you a more accurate picture into the health (success) of your business.

Because your food cost is one of the biggest factors that play a role in your operation’s success, it’s crucial to understand how it works and how you can take control of it.

Time constraints keep you from completing the tasks you need to do in order to manage your food cost accurately. With food cost management experts such as Orderly, you won’t have to worry about manual calculations anymore.

Technology not only helps you manage food cost and inventory, but it gives you a bigger picture of your operation. What’s working and what isn’t. Are you paying the best prices? Did you generate any revenue off that new menu item you added? Data and spend management technology, such as Source1, provide you with visibility into your purchases and contract utilization.

With updates in real-time and actionable data reporting, you’re provided transparency to how your spending impacts profitability.

technology

Increased Use of Labor Saving Solutions

As an operator, you’re looking for products and solutions that save you time but still leave you  satisfying guests. By incorporating more versatile ingredients, you can make prep time easy and give customers that homemade taste and feel.

Here are some labor saving products that can save your staff time and money (just to name a few):

Idahoan Real Mashed Potatoes are a great staple item that save you time and money. Nobody has time to boil, peel, or mash anymore. With Idahoan, you can create signature dishes that provide guests with comfort and deliciousness.

Speeding is illegal but not in the kitchen. With their speed-scratch solutions, Unilever has come up with many solutions that save you both time and money. With their cream-based soups, sauces, and gravies, you can create a variety of savory dishes your guests will love. Even better? Unilever uses clean ingredients that have no artificial flavors or preservatives. Can you say superior, convenient, and flavorful?

Does your staff spend hours prepping cocktail ingredients? Cutting limes and lemons, making fresh juices and mixers from scratch? No more. The ReaLemon and ReaLime juices from Keurig Dr. Pepper are a must-have for those nights you’re understaffed and slammed with drink orders. No need for slicing, squeezing, or cleanup. These juices are convenient, consistent, and high-quality. Made from 100% lemons and limes that give you that crisp, real juice flavor. They make for great use in meals, desserts, and dressings too.

Don’t forget, labor saving does not only apply to food and beverage ingredients. We know you’ve heard this already in this blog above, but one major way you can combat the labor shortage is with technology. Not only does Source1 technology help identify areas that can be streamlined, but it also saves you time when searching for products or substitutions.

labor solutions

More Grab and Go Items

Like many other businesses, the hospitality industry has been hit hard due to the pandemic.

With restaurant openings becoming unpredictable once again as COVID cases surge, hotel guests are looking for convenient grab and go items that are healthy and will keep them energized throughout the day.

According to this survey, half of all millennials would pay more for food that offered benefits. This means it’s important to offer more than the typical chips and soda. Plant-based, whole grain, and high-protein snacks are just a few options you can provide your hotel guests with.

As a Source1 member, you get access to exclusive savings and discounts on grab and go items for your hotel convenience store and room service options.

From sustainable, functional food items to immunity-boosting, full of antioxidant snacks, you can keep up with the latest food trends to satisfy guests.

Source1 members get direct access to suppliers, products, detailed analytics, and more. With over 9,000 high-quality products partnered with 1,000+ suppliers to choose from, you’ll be sure to catch your guest’s eye with the variety of healthy options you provide them with.

grab & go solutions

Luxurious and Engaging Guest Experiences

It’s important to give guests a luxurious experience they won’t forget. But in order to do so, you may think you have to pay more for high-quality products and services. Thankfully, that’s not the case. By cost controlling and sourcing the right products and services, you can provide guests with a memorable experience.

Source1 partners with a trusted network of suppliers who provide high-quality services and products for your guests, such as savings and discounts on solutions for golf, pool and spa, linens, amenities, and more.

From sanitation and maintenance solutions to reduced costs on textile products and memorable experiences for your guests, leverage savings and discounts you receive as a Source1 member on solutions for your hotel services.

luxury guest experience

Become a Source1 Member Today!

As the new year approaches, be sure to keep up with these trends, ensure guests return, and put some profits back into those pockets.

When you become a Source1 member, you’ll have access to savings, discounts, and much more to help you provide guests with the highest quality services and most memorable experiences.

Make smarter business decisions and improve your bottom line with Source1’s power and technology.

source1

Become a member today!