ModiHost a next generation cloud-based hotel management platform that integrates AI, Machine Learning, Cognitive Computing and Native Voice Recognition. It enables hotels to deliver a range of advanced, tailored services to their guests. Moreover, ModiHost furnishes hoteliers with a greater degree of precision and control over their business operations than ever previously possible.
To provide quality of experience for guests which far exceeds that offered by any competitor, many hotels attempt to improve the luxury of the hotel and the services provided to guests. However, increased luxury does not always lead to increased demand which justifies increased room prices and thus greater profits. In many cases, the increase in profits gained through this strategy is far less than anticipated.
The need to manage a large number of staff remains one of the major pain points for hotels looking to reduce costs and increase efficiency.
Running a hotel requires a range of specialist staff members including managers, desk clerks, porters, chefs and catering, maintenance staff and cleaners. Some employees are also required to work overnight, which further increases wages.
Humans are inefficient
Even the best staff are not optimally efficient. There is always a lag in the decision making and service delivery process, with collaboration between multiple staff members taking time to disseminate information and effectively allocate tasks. Further to this, even the most dedicated of staff members can only work so long before requiring a break. Tiredness in the workplace can directly impact job performance, with service levels being impaired.
No one is immune to human error, but in the hospitality industry, simple mistakes can have costly repercussions. Forgetting important details, misinterpreting needs of guests, mixing up requests and/or simple clumsiness can all have a massive impact on the reputation and thus profitability of a business in the longer term. The accumulation of small inconveniences to guests can have a serious impact on a hotel’s reputation, its cost-efficiency, and its bottom line.
ModiHost will also operate with a fairer and more transparent fee system than any HMS currently on the market. While most HMS products charge fixed rates, the ModiHost platform operates on a flexible Pay-Per-Use model wherein hotels only pay fees on delivered services. In effect, ModiHost will pay for itself as it delivers value to management.
The AI-driven solution will create a smarter system, more responsive to the eeds of guests, more intuitive for staff, and more profitable for hotel owners, while resolving a range of issues experienced by all players in the hospitality ecosystem.
ModiHost HMS provides hoteliers with one of most cost-effective ways of upgrading their existing hotel properties, and in a manner that can substantially boost sales. The high level of system self-reliance provides massive efficiencies over traditional hotel management. By automating many hotel operations that are currently performed by hotel staff, AI reduces the number of staff required while radically boosting productivity.
When properly implemented, ModiHost can be a powerful tool for increasing customer satisfaction. This results in higher upsales and positive feedback, which in turn drives demand, boosting revenue.
One important differentiating factor of ModiHost is that the software solutions encompassed by the HMS also eliminate the loss of communication problem which burdens existing SaaS solutions. ModiHost uses a secure local duplication of the hotel database that allows users to perform basic operations without an internet connection.
ModiHost initial marketing strategy is focused on clients that are likeliest to adopt the product, primarily:
Newly opened hotels
Hotels without HMS on premises
Small and mid-size hotels
These target markets will form ModiHost’s beachhead strategy, serving as a foundation for driving broader industry adoption. Once a robust client base has been established, marketing spend will switch to targeting hotels currently using rival HMS. To ensure that ModiHost’s product is optimized suit needs of clients in particular regions, localized hospitality industry experts, HMS distributors, and a professional marketing agency will work together to deliver a holistic marketing strategy.
Incentivizes token holders to become active participants in the ModiHost ecosystem, thereby partially satisfying our third goal: “Incentivizes use and adoption of the HMS and its token rather than pure speculation.”
Allows token holders to benefit fully from the value of their tokens by funneling some value from ModiHost, thereby partially satisfying our first goal: “Funnels some of the value captured by ModiHost to token, which must possess genuine utility and clear value capture mechanisms such that it can be valued using a traditional, well understood discounted cashflow analysis.”
Incentivizes the promotion of ModiHost since participation further aligns the interests of holders with platform adoption, thereby partially satisfying our second goal: “Adequately aligns incentives between different ModiHost stakeholders such as hoteliers, guests, token holders and ModiHost itself.
In designing the ModiHost token, the team set out a number of goals that the token must satisfy:
Must possess genuine utility.
Adequately aligns incentives between different ModiHost stakeholders such as hoteliers, guests, token holders and ModiHost itself.
Incentivises use and adoption of the HMS and its token rather than pure speculation.
Creates a community and network effects around the project, leading to a competitive moat.
Does not lead to the creation of a barrier for hotels not familiar with digital assets.
To meet these goals, the ModiHost token design incorporates two separate models into one synergistic system: a pools based model and a discount token model.
Hospitality industry generates enormous amount of unprocessed data, which can be used to personalize guests’ experience, make a guest feel special by predicting his needs, eliminating outdated procedures, streamlining time consuming actions and making a guest connected to all hotel services in one touch.
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