2. Key Digital Trends
| 2
Technology is impacting in every aspect of our life
• Smartphone users worldwide will be 2.87 billions by 2020;
• The number of connected wearable devices worldwide is
expected to jump over 830 million in 2020;
• By 2020, 30% of all searches will be done using a device
without a screen;
• The collaborative robotics market will surge to $1 billion in
total revenue by 2020, with over 40,000 robots entering the
industry.
Sources: quoracreative.com, statista.com, drivesncontrols.com
7. | 7
Smartness is the glue of interconnected and
mutually beneficial systems and stakeholders
and provides the infostructure for the value
creation for all.
Prof. Dimitrios Buhalis
”
“
http://buhalis.blogspot.com
13. | 13
Culture, leadership and employee engagement
are the essentials for great customer
experience.
Steve Cannon
President & CEO of Mercedes-Benz USA
”
“
https://twitter.com/SteveCannonCEO
14. Who is Actually Delivering the Hospitality Experience
| 14Inversini, DeCarlo and Masiero, Forthcoming
15. What is Smartness
| 15
Ecosystem Co-Creation Smart Outcomes
Operand
Resources
Operant
Resources
Smart
Technologies
Smart
Leadership
Smart People
SMART Firms
Smart Contributors
Competitive
Advantage
Customers'
Satisfaction
Based on Boes, Buhalis and Inversini, 2016
16. | 16
I do not believe that the future will be all
about technology. Our industry’s true future
leaders will have to be people who can create
a community
André Witschi
President of the Board of Governors EHL
”
“
17. The Lausanne Report
Six main standpoints:
- Shift of Market Power: Consolidation vs Fragmentation
- Vulnerability on The Rise: Fragility vs Resilience
- In Search for a Sense of Belonging: Communities vs Individuals
- The Emotional Experience: High Tech vs High Touch
- Smart Hotels – Smart Destination: Autonomous vs Connected
- The Scope of Knowledge: Empathy vs Efficiency
https://info.ehl.edu/hospitality-industry-trends
18. The Lausanne Report
| 18
The more important intelligent
machines will become, the more
important the human factor will
be.
Hospitality will continue to be
about guests and hosts. It will
remain a guest-centered industry
– with its eye safely on the three
Hs: «hands, head and heart».
https://info.ehl.edu/hospitality-industry-trends
19. | 19
Dr. Alessandro Inversini
Associate Professor in Marketing
alessandro.inversini@ehl.ch
Get in Touch!
Theoretically, the investigation will be anchored within the Service Dominant Logic (SDL - Vargo & Lusch, 2004) body of knowledge which demonstrated to be useful in generating a broader view (i.e. not only focused on technologies - Boes et al., 2016) of the issue; SDL posits the collaboration between heterogeneous actors towards value creation (Vargo & Lusch, 2008) postulating their interaction within a dynamic ecosystem through the voluntary exchange of operant resources (i.e. intangible resources) which act upon operand resources (tangibles resources - Lusch & Vargo, 2012). In this research, operant resources (i.e. possessed by the human resources/leadership) will be studied together with operand resources (i.e. technological infrastructure) in a given ecosystem that is the one of the hospitality establishment towards the generation of inward (i.e. towards the business) and outwards (i.e. toward the consumers) value and smartness. Therefore, as per Figure 1, this research will investigate SMEs smartness characteristics, within a dynamic ecosystem where value is co-created, towards the smart outcomes of (i) competitive advantage and customers’ satisfaction.
SHIFT OF MARKET POWER: CONSOLIDATION VS FRAGMENTATION Consolidation and fragmentation are cyclical and successive phenomena. Both dynamics co-exist in the hospitality industry, depending on which market you explore. Re-thinking loyalty, imagining new collaborative platforms and hospitality clusters could be crucial for future business success. : The Googles of the world and the Amazons of the world are going to get into the OTAs' space. »
VULNERABILITY ON THE RISE: FRAGILITY VS RESILIENCE Threats resulting from climate change, safety and security issues as well as unprecedented migration streams are tomorrow’s game changers. The main challenges for the hospitality industry are the lack of predictability and the magnitude of such events – and how fast the industry can react and adapt. Hybrid operations might be one of the hospitality industry’s possible response to increased risks. « If you do not diversify, the first crisis to hit will put you out of business. The more diversified your business is, the better. »
IN SEARCH OF A SENSE OF BELONGING COMMUNITIES VS INDIVIDUALS
THE HUMAN FACTOR Concepts such as crowdsourcing, crowdfunding, peer-to-peer and sharing hospitality have their origins in the relationship between individuals and/or communities. A decisive element for the hospitality industry’s future will be its ability to integrate the demands of individuals, communities and networks.
THE EMOTIONAL EXPERIENCE: HIGH TECH VS HIGH TOUCH PLEASING THE GUEST OF THE FUTURE Imagine new armadas of physical and virtual robots deployed to meet customers’ needs. Or avatars negotiating with avatars to ensure everyone’s demands are met with the best deals. High tech trends will shape our hospitality business. The balancing factor will be high touch: the ability to provoke and track emotions.
SMART HOTELS - SMART DESTINATIONS AUTONOMOUS VS CONNECTED By 2030, many cities will be embedded in so-called smart city clusters. This will pave the way for mutual investments, buffer energy and water supplies through decentralized resources, and provide an adaptive safety and security infrastructure. New mobility concepts can be introduced and deployed. Hospitality experience will be part of the destination experience.
THE SCOPE OF KNOWLEDGE EMPATHY VS EFFICIENCY Future hospitality managers will be stage directors who create memorable experiences and magic moments for their guests. At the same time, they will have to meet efficiency and profitability requirements and therefore find the best processes, technologies and methods to run their business. Last but not least, they will need to empower their staff and motivate all stakeholders.