Upgrade your hotel’s tech on a tight budget

February 9, 2024

TLDR: This article discusses the importance of budgeting for technology upgrades in the hotel industry and provides a comprehensive guide on how to navigate the budgeting process. The article emphasizes the need for hotels to adopt new technologies to enhance guest experiences, streamline operations, and stay competitive in a rapidly evolving industry. It highlights the importance of assessing the current technology landscape, identifying gaps, making a case for technology investment, and setting realistic budgets. The article also explores various financing options for technology upgrades, such as loans, leasing, grants, and revenue-sharing models. Additionally, it provides insights on how to effectively implement and monitor technology upgrades, including project management, training and support, and continuous monitoring and adjustment.