Mateo welcomes AI expert Nick Mote to discuss the transformative potential of multimodal AI in the hospitality industry. From understanding how AI can now interpret and process multiple types of inputs to its practical applications in vacation rentals, Nick sheds light on the current and future landscape of AI technology

Episode Highlights:

• Introduction to Multimodal AI: Nick explains the concept of multimodal AI, which can process various inputs like text, images, and soon videos, to generate more contextual outputs, enhancing AI capabilities beyond traditional text-based models.
• Impact on Hospitality: Discussion on how multimodal AI is already changing the vacation rental industry, including improved image captioning and enhanced marketing descriptions.
• Future Applications: Exploration of potential future uses, such as AI-powered guest interactions and maintenance support by analyzing guest-uploaded photos.
• Technology Adoption: Nick and Mateo discuss the implications for tech innovators and how multimodal AI can revolutionize guest experiences, making interactions more intuitive and efficient.
• Integration Challenges: Addressing the industry's resource constraints, Nick talks about how AI can aid in development and improve efficiency across various business functions.
• Developer Assistance: AI as a tool for developers to write better code and for marketing teams to optimize their efforts, highlighting the broad adoption potential within organizations.
• Practical Business Applications: Strategies for businesses to integrate AI into their operations, including partnering with third-party providers and using off-the-shelf AI products.

We invite listeners to share their thoughts on how AI is impacting their business and any additional angles or applications we might have missed..

Original articles or posts

Skift: Guesty, Short-Term Rental Software Provider, Acquires Rentals United https://shorturl.at/fINQW

PhocusWire: Guesty Acquires Rentals United https://shorturl.at/dSTW3

Hotel Technology News: Guesty Acquires Rentals United to Expand Its Property Management Platform Capabilities in the Short Term Rental Market https://shorturl.at/chR25

Short Term Rentalz: Guesty makes Rentals United fifth acquisition since 2022 https://shorturl.at/tJMP6

Tagging: Rentals United Guesty TravelNet Solutions Lynnbrook Group Inhabit ICND

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John and Mateo dive into a candid conversation about the current landscape of short-term rental (STR) conferences, focusing on the recent VRMA Spring Forum. They discuss the challenges faced by both vendors and property managers, analyze the ROI (Return on Investment) metrics, and explore potential solutions to enhance the value of industry conferences.

With insights from their own experiences and observations, they emphasize the importance of adaptability, inclusivity, and innovation in shaping the future of STR conferences. Join them as they share their thoughts, opinions, and hopes for the industry's most significant events.

Episode Highlights:

• Discussing the ROI metrics for conferences, they emphasize the importance of tangible outcomes and sustained relationships post-event.
• ohn shares Direct's decision to not attend the VRMA Spring Forum based on past experiences and ROI analysis.
• Mateo raises questions about the inclusivity and relevance of major conferences like VRMA for all segments of the STR community.
• The conversation evolves to address the changing landscape of industry conferences, including the rise of smaller, more intimate events.
• They explore potential format changes for VRMA conferences and highlight the need for creativity and adaptability.
• John acknowledges the innovative efforts of industry leaders like Tyann Marcink Hammond with Touch Stay and Madison Rifkin CEO of Mount in reshaping the conference experience.
• Closing the episode, they express optimism for the future of STR conferences, their support of VRMA, and encourage listeners to share their feedback and ideas.

Episode Sponsor

- Direct

Deciding which property management software to use isn’t easy. Direct encourages everyone to demo a few options and see which is best for you now and for your growth. If you’re a host or property manager who is unhappy, it's a great time to talk with Direct!

Direct is built on a modern framework that's intuitive and seamlessly integrates operations, distribution, connectivity, accounting, and engagement tools all within the software.

Head to info.directsoftware.com/nobs and book a demo with John and receive $500 towards implementation costs. Direct wants to be part of the conversation.