The White Paper contains invaluable insights from experts on the utilisation and future of AI in the hospitality industry and comprises several interviews with the sector’s top players

DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Leading up to Future Hospitality Summit 2024, Katch International and Keane unveil their informative White Paper on the evolving role of technology in the hospitality industry. Compiled over several months, it features expert insights from CEOs, industry leaders, and business owners, shedding light on how AI is revolutionising hospitality operations.

The report aims to clarify misunderstandings around AI and highlights the real value it can bring to the guest experience and operational efficiency. Collectively, the interviews reveal a clear ‘triad of intelligence’, where artificial intelligence, emotional intelligence, and relationship intelligence work together to drive successful investments.

AI is transforming how hotels and hospitality businesses operate, from enhancing guest experiences to optimising revenue management systems. The White Paper explores these advancements while addressing some of the critical issues that arise with the increasing adoption of AI, including data privacy, potential job displacement, and the risks of over-reliance on technology.

Containing insights from Amit Nayak, Vice President and Executive Board Member at HAMA MEA, Jonathan Worsley, Chairman & CEO of The Bench, Quentin Reyes, CEO of Hyperfusion, Othmane Zrikem, founding Partner at VDD.ai, Basma Elkhereiji, serial entrepreneur and owner of the Social Kitchen, John Losasso, CEO of FAS Hotels, Lokesh Kumar, VP of Development Middle East Minor Hotels, Khaled Sarhan, MD of Ishraqah Developments, and Nitin Thariyan, CEO of Lean on Data, amongst others, it focuses on the balance between automation and the human touch in hospitality.

Georgie Woollams, Founder and Managing Director of Katch International, said of the White Paper, ‘We are extremely pleased with the outcome of this White Paper, which has been an eye-opening experience with many valuable insights. The discussions have highlighted both the potential and limitations of AI in enhancing operations and driving investments in the industry.’

Kevin Doherty, Managing Director of Keane MEA, stated, ‘We sincerely thank the industry leaders who dedicated their time to our white paper. Their insights have been extremely thought-provoking, and we are confident they will enrich the ongoing dialogue on AI in hospitality at the upcoming FHS event and beyond.’

Click here to get your copy: https://thisiskeane.com/campaign/keane-x-katch-ai-hospitality-whitepaper/. 

CONTACT:

Alankrita Singh, Senior PR Account Manager
+971 4 243 8577
whitepaper@katchthis.com 

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View original content:https://www.prnewswire.co.uk/news-releases/katch-international-and-keane-mea-release-white-paper-on-the-evolution-and-use-of-ai-in-the-hospitality-industry-302253080.html

PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ — The QR codes payment market is expected to witness notable growth owing to the massive adoption of QR code payment among merchants and the rise in the usage of smartphones & surge in faster connectivity. 

Allied Market Research published a report, titled, “QR codes payment Market by Offering (Solution and Services), Payment Type (Push Payment and Pull Payment), Transaction Channel (Face-to-Face and Remote), End User (Restaurant, Retail & E-Commerce, E-Ticket Booking and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030″. According to the report, the “QR codes payment market” was valued at $8.07 billion in 2020, and is projected to reach $35.07 billion by 2030, growing at a CAGR of 16.1% from 2021 to 2030. 

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The QR codes payment market is expected to witness notable growth owing to the massive adoption of QR code payment among merchants and the rise in the usage of smartphones & surge in faster connectivity. Moreover, developing economies are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, rising data breaches and security issues limit the growth of the QR codes payment market. 
   
 The solution segment held the highest market share in 2020.  

By offering, the solution segment dominated the market in 2020, this segment includes the various software and platforms that enable QR code payments, such as mobile payment applications, POS systems, and digital wallets. The widespread adoption of QR code payment solutions was driven by their ease of use, cost-effectiveness, and the growing demand for contactless payment options, especially following the COVID-19 pandemic. However, the services segment is expected to witness the largest CAGR of 18.0%, the services segment is expected to witness the highest growth in the coming years. This growth is primarily driven by the increasing demand for services related to the integration, maintenance, and support of QR code payment systems.  

The push payment segment held the highest market share in 2020. 

By payment type, the push payment segment accounted for the largest share in 2020. This dominance is largely due to the convenience and efficiency associated with push payments, where consumers initiate transactions by sending funds directly to merchants or service providers through QR codes.  However, the pull payment segment is expected to witness the largest CAGR of 18.4%. Pull payments, where merchants initiate transactions by scanning a customer’s QR code, offer enhanced convenience for both consumers and businesses. This method allows for faster checkouts and reduces the friction associated with traditional payment processes.  

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Regional Insights: The Asia-Pacific region held the highest market share in 2020.  

By region, the QR codes payment market was dominated by Asia-Pacific in 2020. The widespread adoption of mobile payment technologies and the increasing penetration of smartphones have created a favorable environment for QR code payments in countries such as China, India, and Southeast Asian nations.  

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Leading Market Players-  

Alibaba.comBarclaysGoogleLINE Pay CorporationOne97 Communications Limited (Paytm)PayPalRevolut LtdSquare, Inc.TencentUnionPay International Co. Ltd

Key Industry Developments 

In March 2024, Payment Asia released Hong Kong’s annual payment trends and made predictions for the next year’s payment trends. With the increasing update of mobile payment methods and the gradual popularity of QR code payments.In October 2023, The Karnataka Vikas Grameen Bank (KVGB) launched its merchant QR code facility, an easy payment acceptance solution, as part of its efforts to build a cashless economy. KVGB chairperson Shreekant Bhandiwad said the government is aggressively pushing for higher usage of digital payment mechanisms, including the BHIM app, increasing usage of PoS machines and QR codes among others.In May 2022, SimplyPayMe launched their new QR (quick response) code payments system. Devised to facilitate faster touch-free digital payments, the new system allows businesses to create QR codes for instant customer payment without having to manually enter or share their card details.

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Key Benefits for Stakeholders

The study provides in-depth analysis of the global QR codes payment market share along with current trends and future estimations to illustrate the imminent investment pockets.Information about key drivers, restrains, and opportunities and their impact analysis on the global QR codes payment market are provided in the report.Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the market.An extensive analysis of the key segments of the industry helps to understand the QR codes payment market trends.The quantitative analysis of the global QR codes payment market forecast from 2021 to 2030 is provided to determine the market potential.

Key Market Segments

By Offering

SolutionStatic QR CodeMerchant-Presented Mode (MPM)Customer-Presented Mode (CPM)Dynamic QR CodeServicesProfessional ServicesManaged Services

By Payment Type

Push PaymentPull Payment

By Transaction Channel

Face-to-FaceRemote

By End User

RestaurantRetail & E-CommerceE-Ticket BookingOthers

By Region

North AmericaU.S.CanadaEuropeUKGermanyFranceItalySpainNetherlandsRest of EuropeAsia-PacificChinaJapanIndiaAustraliaSouth KoreaRest of Asia-PacificLAMEALatin AmericaMiddle EastAfrica

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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View original content:https://www.prnewswire.co.uk/news-releases/qr-codes-payment-market-to-reach-35-07-billion-globally-by-2030-at-16-1-cagr-allied-market-research-302255117.html

KUITUN, China, Sept. 23, 2024 /PRNewswire/ — Recently, the State Grid Kuitun Power Supply Company kicked off the autumn inspection, comprehensively investigated risks and hidden dangers, strictly implemented the safety control requirements, and ensured the safe and stable operation of the power grid.

Trees located under the high-voltage lines of the distribution network, such as severe weather such as strong winds and thunderstorms, are likely to increase the risk of line breakage, grounding, and short circuit caused by tree barriers. The traditional manual barrier clearing method has some problems, such as small space, difficult power failure and high risk, which affect the improvement of power supply reliability to a certain extent.

The science and technology innovation team of State Grid Kuitun Power Supply Company proposed the idea of using a laser knife to clear the obstacle, and successfully combined the live working robot with a high-power laser knife. During the operation, the insulated bucket arm truck lifted the live working robot and the laser knife to the overhead line of the distribution network surrounded by tree barriers, and the operator controlled the robot to emit laser beam at a fixed point to achieve efficient cutting. Compared with traditional laser cannons, the firing distance is closer, the speed is faster, and the operation efficiency is higher.

While ensuring the stable operation of the power grid, the intelligent live operation robot of the distribution network can replace the manual work to complete the live operation of the overhead line of the 10 kV distribution network, which ensures the personal safety of the operators, reduces the labor intensity, and improves the quality and efficiency of the operation.

View original content:https://www.prnewswire.com/apac/news-releases/black-technology-to-help-the-autumn-inspection-efficient-and-orderly-302255146.html

SOURCE State Grid Kuitun Power Supply Company