What We Want And Need Now In Hospitality Industry?

As technology is growing immensely, the desire and requirement of customers in hospitality industry keep on changing. Nowadays smartphones have become an essential part of everyday life. Now no longer customers want to call and make advanced booking; in this mobile world just with a few clicks anyone can easily access to the list of hotels and book their favorite one.
By moving one step forward, the hospitality industries are providing best customer care facility and efficient operation system with the mobile apps. These apps are revolutionizing how customers interact with their favorite hotels and customizing the customer’s experience. In many aspects hospitality industry is growing wider and need to grow more to satisfy the customer needs.

The Current Needs & Wants in the Hospitality Industry

Let’s have a look on what customer need in hospitality industry.

More preference for Guests Service

Nowadays customers are becoming very clever; if they want to book any hotel/restaurant then they simply surf in search engines. As digitally enabled customers expect hotels to have more personalized services. As a result hoteliers need to improve personalization service from booking experience to till their personal services like food, cleanliness and refreshments. So hoteliers who provide mobile-centric personalization services will be in the top brands of choice for the guests.
Along with these, hotels should also look after the overall experience of the guests like including the information about the coolest local places. This simple tactic may lead to attract more customers and gain more profit.

No Need of Luxury Environment

Hotel Industry has barely changed over the few decades. Now no modern traveler look for white linen service, bell-boys to carry luggage and luxury lobby, they want to feel completely home attire and satisfied with the hotel lobby where they can sit and have coffee surrounded with the likeminded people. The new era is all about providing the best experience rather than flaunting wealth. Modern travelers don’t prefer for corporate setting, but they want an environment where they can interact with the new people. So make the luxury in a simple way.

Smart Check-In

No one wants to wait in a huge queue to get the room key for check-in. In the advanced technology, room check-in has become smarter way. With the radio frequency identification technology, customers can get the message about the room number on a planned day and on the arrival day the guest proceed to that room and the keycard will open the door. So this smart way can build good relationship with your customers.

Here have a look on what customer want in hospitality industry.

Using Smartphone in a Smarter Way

Each one of us are much more addicted to smartphones, this smart gadget gives a better opportunity to hospitality industry to improve customer service. With a single touch smartphone can give access to everything from food to shopping and much more. So hospitality industry can make use of mobile apps to change the way people plan their vacations. Customers can easily have a look on their favorite restaurant service instead of seeking for the multiple restaurants and can receive event updates via push notification. In this way smartphone can be used in a smarter way to attract your customers.

Social Media Presence

Even though social media presence is crucial in hospitality industry, but FaceBook is the popular platform for check-ins and reviews for hotels. Posting attractive images and sharing the videos, real stories, interesting blogs and reviews these can create a brand name for your businesses and customers can easily get to know about your restaurant in a single click. So restaurants and hotels should not miss this opportunity in order to share interesting photos of their services as well as the facilities. Hoteliers should choose their social media platform carefully based on their targeted audience, rather than simply joining all groups.

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Call us at  866-722-5538

Email: info@elisthunter.com

What Importance Information Technology Has In Insurance Industry?

Nowadays visit any insurance agent, instead of having policy applications, brochures and papers; you can see a computer or laptop. As technology is growing immensely, usage of technology has become essential in every field. People in this industry have much more work than just storing the information about a policy holder in their database.
In this digitalized era, trained professionals from this arena are updating with the information technology and they have started to use software tools and techniques that other business use to target their niche.

Importance of Information Technology in Insurance Industry

Here are some of the fields in insurance industry that make use of information technology.

Generating New Leads

Before targeting the specific customers, first we need to find about them. Now there are many software tools that help agents to generate new leads. Some insurance agents who know more about technology, they create website that contain helpful blogs, tips and advice for the people when they search on the web for the answers. This method serves more helpful for the agents when people arrive at an agents site’s. The site can answer their queries and display contact information about the agent. In this way insurance professionals can generate new leads.

Easily Generate Different Policies

Modern insurance professionals work with different companies that provide different policies. For agents it was leading to confusion with the different policies and procedure, at the end they fail to impress the clients. Now with the advanced technology there are many software tools to search the multiple companies and to find the best deal for the clients based on age, vehicle model and other information.

Research and Training

Anyone who want to become insurance adviser then he/she must understand the policies, laws and other guidelines applicable for this sector. They should also clear the test to become a certified insurance adviser. In order to clear this test they can make use of search engines to look up information when they need to prepare for the test. They can also make use of online and offline training courses to know more about concern laws and policies.

Manage Your Client Information

If clients visit any insurance adviser for generating any new policies then they have to spend time to do a paper work to generate new policies. Instead of doing paper work, computers help adviser to get information from clients, provide estimates and finally to store clients details in a database. This helps whenever any client claims for the insurance amount, the agent can easily access a client’s file instantly from the database and update the new information in the database.

Mailing Lists to Target New Clients

Email marketing campaign is not a new concept in this industry. Advisers can make use of insurance mailing lists to target customer and to build loyal relationship with them. With the email list, agents can promote their insurance policies and services to their clients. This method will indirectly reflect on Return on Investments.

Social Media and Software Tools

Advisors can make use of social media platforms such has FaceBook, LinkedIn and Twitter to provide customer support and to build loyal relationship with them. There are many software tools that help advisors to find new customer, generate leads and communicate with clients using auto email responders. Also some insurance companies provides online portals for their advisors that helps to do everything from processing insurance renewals to tracking claims.

For more queries,

Call us at  866-722-5538

Email : info@elisthunter.com

What Are The Best Ways To Market Insurance Services?

Banking & finance sectors play an effective role in their economic development. The majority of the people from the underdeveloped countries is below poverty level, unemployed and engaged in traditional agricultural activities. There is shortage of active capital. In order to overcome from the deficiency of capital formation, banking and financial sectors educating people about the savings and investments to increase the growth of the active capital.

Importance Of Banking & Finance For A Nation’s Economy

So, Consider these reasons why is banking and finance important for a nation’s economy:

Eliminate The Deficiency Of Capital Formation

In any economy, financial growth is not possible unless there is a structured capital formation. By the way deficiency in capital formation is the impact of the low savings made by the community. So the major reason for capital deficiency in any country is small amount of capital equipment per worker and lack of knowledge about the savings and investments. At this stage, banks play a vital role. Banking & finance sector stimulates savings and investments to remove deficiency in capital formation. Therefore many banks mobilize deposits by offering less rate of interest and thus convert these savings into potential investment. Otherwise there will be no value for the active capital.

Provision Of Finance And Credit

Banks are the main source for finance and credit for many industry and trade. For many business and industry credit is the main asset. Therefore, banks and finance sector has become the nerve centers of all financial activities and with the presence of sound banking system any business or trade can operate.
Banks not only provide finance and credit, it also covers foreign trade transactions and foreign trade business. They also help for the deferred payments and domestic industries.

Extend The Size Of The Market

Commercial banks provide a better opportunity for the industry and commerce in another way. With the sound banking system, it is possible for industry and commerce to extend their operation for more ROI. Nowadays commercial banks act as a mediator between buyers and sellers. For industries, goods are supplied on bank guarantee, to improve the productivity of the industries.

Balanced Regional Development

Commercial banks help in proper allocation of funds in other operations. When the banks lend their funds for more productive use then automatically there will be more profits. So opening new the branches make it possible to choose different regions for more funding. A region with more growth attracts more bank funds. Thus banks are the main reason for balanced regional development in the country.

Financing Agriculture And Allied Activities

The commercial banks help farmers to improve their agricultural activities. They opened many branches in rural area to provide credit for agriculture and allied activities. They provide loans for various agricultural activities like marketing their produce, irrigation facilities, developing land, etc.
The banks also provide loan for animal husbandry, dairy farming, sheep breeding, poultry farming and also for horticulture.

Financing Consumer Activities

People in underdeveloped countries don’t possess sufficient financial resource to fulfill their dreams in buying consumer durable. So, the commercial banks facilitate them by providing advance loan for the purchase of durable like houses, vehicles and other immovable properties etc. In this way they provide financial help for the people to raise their standard of living.

For more queries,
Call us at  866-722-5538
Email:    info@elisthunter.com

Why Is Banking & Finance Important For A Nation’s Economy?

Banking & finance sectors play an effective role in their economic development. The majority of the people from the underdeveloped countries is below poverty level, unemployed and engaged in traditional agricultural activities. There is shortage of active capital. In order to overcome from the deficiency of capital formation, banking and financial sectors educating people about the savings and investments to increase the growth of the active capital.

Importance Of Banking & Finance For A Nation’s Economy

So, Consider these reasons why is banking and finance important for a nation’s economy:

Eliminate The Deficiency Of Capital Formation

In any economy, financial growth is not possible unless there is a structured capital formation. By the way deficiency in capital formation is the impact of the low savings made by the community. So the major reason for capital deficiency in any country is small amount of capital equipment per worker and lack of knowledge about the savings and investments. At this stage, banks play a vital role. Banking & finance sector stimulates savings and investments to remove deficiency in capital formation. Therefore many banks mobilize deposits by offering less rate of interest and thus convert these savings into potential investment. Otherwise there will be no value for the active capital.

Provision Of Finance And Credit

Banks are the main source for finance and credit for many industry and trade. For many business and industry credit is the main asset. Therefore, banks and finance sector has become the nerve centers of all financial activities and with the presence of sound banking system any business or trade can operate.
Banks not only provide finance and credit, it also covers foreign trade transactions and foreign trade business. They also help for the deferred payments and domestic industries.

Extend The Size Of The Market

Commercial banks provide a better opportunity for the industry and commerce in another way. With the sound banking system, it is possible for industry and commerce to extend their operation for more ROI. Nowadays commercial banks act as a mediator between buyers and sellers. For industries, goods are supplied on bank guarantee, to improve the productivity of the industries.

Balanced Regional Development

Commercial banks help in proper allocation of funds in other operations. When the banks lend their funds for more productive use then automatically there will be more profits. So opening new the branches make it possible to choose different regions for more funding. A region with more growth attracts more bank funds. Thus banks are the main reason for balanced regional development in the country.

Financing Agriculture And Allied Activities

The commercial banks help farmers to improve their agricultural activities. They opened many branches in rural area to provide credit for agriculture and allied activities. They provide loans for various agricultural activities like marketing their produce, irrigation facilities, developing land, etc.
The banks also provide loan for animal husbandry, dairy farming, sheep breeding, poultry farming and also for horticulture.

Financing Consumer Activities

People in underdeveloped countries don’t possess sufficient financial resource to fulfill their dreams in buying consumer durable. So, the commercial banks facilitate them by providing advance loan for the purchase of durable like houses, vehicles and other immovable properties etc. In this way they provide financial help for the people to raise their standard of living.

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