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D r Horton (DHI) Q3 2023 Earnings Call Transcript

3 Ways the Labor Shortage Will Push Innovation

In this article, Cloudbeds Co-Founder Richard Castle expresses concern over the current labor shortage plaguing the global hospitality industry and the potential impact this could have on the quality of guest experiences. The author argues that innovation is needed to address this issue, suggesting several areas where modernization could help offset labor shortages and maintain high-quality guest experiences. These include the acceleration of virtual front desks, the development of more self-guided staff training, and the fostering of increased role flexibility within the industry. The author also provides examples of how these innovative shifts are already making a positive impact, and predicts that these changes, if widely adopted, could significantly alter the hospitality landscape for the better, allowing the industry to overcome labor shortages while still delivering excellent service. The article concludes with a tribute to hospitality workers, and a call to technology developer

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