News Briefs

 Agilysys, Inc., a global provider of hospitality software solutions and services, released the findings of its 2024 APAC Hospitality Impact Study. The survey of over 1,000 travelers from Australia, Hong Kong, New Zealand, and Singapore unveils critical insights into guest preferences and spending habits, highlighting substantial opportunities for revenue growth in the hospitality sector. 

The study reveals that 68% of APAC travelers would increase their hotel spending for personalized experiences, with 73% willing to pay up to 30% more for room upgrades when offered post-booking. Additionally, 66% of respondents would likely spend more if wait times were reduced across all hotel experiences, and 68% would increase spending when a robust loyalty program is in place. Interestingly, the research uncovered a significant "rebooking paradox" in the APAC market: despite high satisfaction levels (86%) and perceived value for money (61%), only 37% of travelers choose to return to hotels they've previously enjoyed.

"Our research uncovers a clear message: APAC travelers are willing to spend more for tailored, efficient, and memorable experiences," said Tony Marshall, VP Managing Director APAC, at Agilysys. "Hotels that fail to offer personalized guest experiences are leaving substantial revenue on the table."

The study identified several key factors driving increased spending among APAC travelers. Staff interactions play a crucial role, with 46% of respondents valuing staff who go the extra mile, 41% appreciating personalized activity recommendations, and 30% being influenced by staff recalling previous conversations. Personalized touches also significantly impact, as 40% of guests value being given their favorite room, 28% are likely to spend more when restaurant staff remember their preferences, and 57% respond positively to small surprises like pillow chocolates.

The 2024 APAC Hospitality Impact Study emphasises the need for a shift from traditional Revenue Per Available Room (RevPAR) metrics to a more holistic Revenue Per Available Guest (RevPAG) approach. This transition allows hotels to capture the full spectrum of guest spending and tailor their offerings accordingly. "To maximise profitability, hoteliers must leverage advanced Property Management Systems that provide real-time, data-driven insights into guest preferences," Marshall added. "By adopting a RevPAG focus, hotels can unlock hidden revenue streams, enhance guest satisfaction, and foster long-term loyalty in the competitive APAC market." 

The 2024 APAC Hospitality Impact Study emphasizes the need for a shift from traditional Revenue Per Available Room (RevPAR) metrics to a more holistic Revenue Per Available Guest (RevPAG) approach. This transition allows hotels to capture the full spectrum of guest spending and tailor their offerings accordingly. "To maximize profitability, hoteliers must leverage advanced Property Management Systems that provide real-time, data-driven insights into guest preferences," Marshall added. "By adopting a RevPAG focus, hotels can unlock hidden revenue streams, enhance guest satisfaction, and foster long-term loyalty in the competitive APAC market."

This study offers a roadmap for hoteliers to enhance their guest experiences, increase revenue, and stay competitive in the rapidly evolving APAC hospitality landscape.  

To access the full report, please visit: https://info.agilysys.com/l/76642/2024-09-16/cp495v 

Shift4 has acquired a majority stake in Vectron Systems AG, a European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. 

Based in Germany, Vectron has 65,000 POS locations across Europe, representing. Shift4 is expected to acquire additional ownership of Vectron through a public tender offer that is expected to conclude within the next month, with a de-listing and formal integration process to occur shortly thereafter.

The acquisition is expected to provide Shift4 with an expansive customer footprint across Europe as well as a distribution network of ~300 POS resellers. As a result of the acquisition, Shift4 believes it will be able to add its integrated payment services to current Vectron customers and products, while also empowering the sales force with a compelling all-in-one POS and payments solution unrivaled in Europe.

“Shift4 was at the forefront of the convergence between software and payments in the restaurant and hospitality verticals in the US. We see an incredible amount of demand for a similar all-in-one solution across Europe,” states Shift4 CEO Jared Isaacman. “With our integrated payments and SkyTab offering, we believe we have the best solution at the right price point. Vectron will provide valuable local expertise, infrastructure, and the distribution necessary to meet the demand. This acquisition is right out of the Shift4 playbook – enabling us to unlock synergies, expand our distribution, and monetize payments for a large existing install base.”

Completes Revel Systems Acquistion

In addition to the acquisition of Vectron, Shift4 has also completed its previously announced acquisition of Revel Systems. Revel has over 18,000 merchant locations across the United States and internationally which Shift4 estimates represents a $17B+ payment opportunity. Revel also has a direct sales and dealer distribution network which Shift4 believes can be leveraged to accelerate SkyTab distribution both domestically and abroad. 

Shift4 has signed a definitive arrangement agreement to acquire Givex Corp., a global provider of gift cards, loyalty programs and point-of-sale solutions. 

The Arrangement Agreement is subject to customary closing conditions and the transaction is expected to be completed in the fourth quarter of this year. 

With across more than 100 countries, Givex serves a wide range of businesses in various industries, including 7-Eleven, Wendy’s, Best Western, Texas Roadhouse. 

The company offers robust gift card and e-gift solutions as well as customizable loyalty programs, and a point-of-sale (POS) system for various business types, among other value-added services.

 “Givex has a considerable footprint around the world which will dramatically increase Shift4’s overall customer base,” states Shift4 President Taylor Lauber. “At the same time, their gift card and loyalty solutions are second to none and will add significant value for our current customers, creating stickier relationships andh 130,000+ active locations enhancing our overall value proposition. Similar to other deals we have recently completed, this acquisition aligns perfectly with how we like to deploy capital – adding blue-chip merchants at a low customer acquisition cost while delivering additional benefits to our customer base.” 

“The Givex team looks forward to joining the Shift4 family and bring our enterprise gift card capabilities and loyalty programs to hundreds of thousands of new customers,” says Don Gray, CEO of Givex. “By combining Shift4’s end-to-end payment solution with our value-added engagement services, we can deliver an unparalleled package to both of our customer bases.”  

Mark Shambura has joined Panera Bread as Chief Marketing Officer. Shambura will lead all aspects of marketing at Panera, including Brand Building, Digital & Loyalty, Product Strategy & Consumer Insights. An accomplished marketing leader with broad expertise in the restaurant industry, Mr. Shambura has previously held marketing leadership roles during pivotal growth periods for top brands including Chipotle, MOD Pizza, and most recently Papa Johns.

"Mark brings an impressive background building brands and leading marketing teams for fast-casual restaurants, and we’re thrilled to welcome him to Panera Bread,” said José Alberto Dueñas, Chief Executive Officer. “As Panera continues to evolve our brand, guided by listening to our guests, Mark’s depth of experience and ability will help drive our growth as a brand that serves great food you feel good about eating.”

Shambura previously served as CMO at Papa Johns, where he led a revitalization of the brand by enhancing its iconic “Better Ingredients, Better Pizza” platform, and developing a more modern, innovative omnichannel approach to transform how Papa Johns appealed to both new and loyal consumers. As Executive Director at Chipotle, Mr. Shambura guided the marketing function through periods of both sustained growth and transition, providing leadership over brand strategy, advertising, digital, social, events/sponsorships, promotions, and field marketing, including playing a key role in spearheading its “Real Ingredients” brand strategy.

“I’m proud to join the Panera Bread team and excited to build on the momentum of the brand's transformation as it continues to evolve in service of our guests,” Mr. Shambura said. “Panera propelled and cemented its position at the top of the fast casual restaurant segment through its promise of high-quality ingredients and freshly prepared food, and I’m thrilled to join a highly talented team to help shape its next chapter.”

Prior to his tenure in the restaurant industry, Mr. Shambura gained extensive marketing agency experience, working with a broad array of top global consumer brands for over a decade. Shambura will report directly to José Alberto Dueñas, Chief Executive Officer, and officially assumed the role of Chief Marketing Officer on July 29, 2024.

Darden Restaurants Inc.,  and Uber Technologies Inc.  have entered into an exclusive multi-year delivery partnership, set to begin with Olive Garden in late 2024. The agreement will enable restaurant guests to order on-demand delivery via Darden restaurant channels, with delivery handled by Uber Direct, through Uber's national delivery network.

An initial pilot of first-party delivery from a limited number of Olive Garden locations will begin in late 2024. Upon the completion of a successful pilot, national expansion at Olive Garden is expected to be complete by May 2025.

Once live, guests will be able to order delivery through Olive Garden's website and app at more than 900 company-owned locations across the U.S., giving Olive Garden fans access to stress-free delivery while guest data and insights will remain with Olive Garden. Uber Direct, which enables merchants to tap into Uber's delivery technology and logistics network, will power deliveries enabling couriers to bring guests their Olive Garden favorites at home.
 

• 85% say integrations with other systems is driving POS purchasing decisions, according to HT's 2024 POS Software Trends Survey

"Guests have been asking us for home delivery options and they continue to show they are willing to pay for the convenience," said Rick Cardenas, Darden President and CEO. "As we continued to evaluate delivery, it was important for us to find a way to address this guest need state without disrupting the team member or guest experience and without compromising our competitive advantages and simple operating model. Uber is a partner we believe shares that vision and can meet our expectations. Their investment in a custom-integration, commitment to Olive Garden's first-party delivery growth, and efficiency and speed at a national scale, made this exclusive partnership a clear choice."

"We're excited to announce this partnership and look forward to bringing guests the excellent, convenient and reliable experience that is foundational to both of our brands," said Sarfraz Maredia, Vice President of Delivery, Head of Americas at Uber Eats. "On-demand delivery is increasingly a core expectation for consumers. People also expect a great experience, especially when it's from a brand they love like Olive Garden, and that doesn't change whether it's at the restaurant or at home. We're confident our teams can deliver on that promise together and continue to grow first-party delivery as a channel."

Paychex, Inc., a provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has introduced a new AI-assisted recruiting tool for small- and medium-sized business owners and HR professionals. Paychex Recruiting Copilot, provided in partnership with Findem, is an AI talent acquisition solution powered by unique 3D data. This new solution will revolutionize the recruiting and hiring process by enabling Paychex customers to quickly find top talent instead of relying solely on traditional recruiting methods.

Paychex Recruiting Copilot analyzes millions of potential employees through a natural-language search engine to quickly produce an active list of qualified individuals for open positions, based on hiring requirements, job descriptions, and filters such as job title, location, skills, experience, industries, and other attributes.

“Recruiting is often a costly and time-consuming process that has traditionally required business leaders and HR professionals to spend valuable resources matching candidate resumes to the needs of the business,” said Beaumont Vance, Paychex senior vice president of data, analytics, and AI. “With our latest cutting-edge AI recruiting solution, Paychex Recruiting Copilot, we are helping SMBs proactively access qualified talent within seconds versus a reactive job board approach. This puts advanced technology that is often only available to enterprise-level organizations into the hands of small and mid-sized companies so they can more effectively compete for talent.”

According to a recent Paychex customer study, 80% of respondents reported that finding qualified candidates is challenging. Paychex Recruiting Copilot enables businesses to:

• Find and contact the best-matched individuals quickly, eliminating the need to post job descriptions and review resumes.
• Create a pool of active talent to generate a pipeline beyond filling current positions.

“We know that speed and quality are essential for SMBs as they balance all the demands of running their businesses while having the right people in the right place at the right time,” said John Phillips VP, GM for Findem. “Through this partnership with Paychex, we’re empowering users to now use AI-assisted search in a pool of hundreds of millions of potential candidates to find matches specific to a company’s needs, ultimately speeding the time to the next great hire.”

Paychex Recruiting Copilot brings advanced, enterprise-level recruiting capabilities to small- and medium-sized businesses and enhances the existing recruiting, applicant tracking, hiring, and onboarding solutions available through Paychex Flex^®, the company’s cloud-based HCM SaaS solution. Current recruiting solutions include Paychex Flex Hiring, a full-spectrum, recruiting-to-onboarding applicant tracking system (ATS) that allows data to automatically flow into Paychex Flex for payroll and HR purposes, integrations with major job boards, and outsourced recruiting and staffing solutions for Paychex customers through a national team of HR professionals.

“Recruiting is deeply tied to business growth and success,” said Ben Eubanks, chief research officer, Lighthouse Research & Advisory, a strategic human capital management advisory and research firm. “In our Talent Acquisition Trends study, our research team found that SMB employers are overwhelmed by the state of hiring today. From difficulties in screening and selection to the shortage of quality of applicants, it’s a tough recruiting market. This new partnership with Findem helps set Paychex up to support employers with award-winning talent acquisition technology. It’s truly a competitive edge.”