Midas Hospitality selects Broadvine to optimize performance

Midas properties will be able to easily view and analyze data to make quicker, more profitable decisions.

Midas Hospitality is implementing Broadvine’s cloud-based business-intelligence and analytics application to optimize hotel portfolio performance. Broadvine’s application delivers business intelligence insights via reporting, forecasting, labor and expense management to hotel management companies worldwide. By consolidating data from various property-management systems, benchmarking and labor systems, in combination with their accounting platform, Midas will be able to easily view and analyze data to make quicker, more profitable decisions.

“Broadvine’s suite of modules will enable us to easily assess our performance and operational efficiencies, enabling our team to drive profitability while spending more time with our guests,” Jim Brueggermann, CFO of Midas Hospitality, said in a statement. “Using technology to improve our results to our ownership partners and delivering an exceptional guest experience is key to our continued growth and success.”

Broadvine CEO Shawn Barber said Broadvine’s mission is to enable its partners to deliver an exceptional guest experience by eliminating the time and frustration associated with aggregating and manipulating data into reports and insights.

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

Suggested Articles

During a quick renovation, the company will implement the VingCard Classic RFID door locks equipped with mobile access in the hotel's 84 guestrooms.

The Hyatt Loves Local initiative has hotels collaborating with small businesses that have been impacted by the COVID-19 pandemic. 

U.S. weekly hotel occupancy for the week of Nov. 22–29 fell to its lowest level since late May.