Altexsoft

MAY 13, 2021

In 2021, the biggest challenge hotels face is successfully recovering from the COVID-19 impact. Even before the pandemic, when travel was booming, hotels — especially of middle and small sizes — experienced difficulties of another sort. What is a hotel booking engine and how it makes you competitive.

Hotels 69

Hotels Engineering Technical Review How To 69

Altexsoft

APRIL 8, 2022

But does it mean that hotels must get used to living in the OTAs’ shadow and be content with monstrous fees and rate parity rules? Let’s talk about the many opportunities that rate shopping might bring for a hotel. Analytics is the bread and butter of revenue management. Not exactly. What is rate shopping and rate intelligence?

Hotels 59

Hotels Comparison Travel Systems Review 59

Altexsoft

JULY 17, 2019

When a hotel business grows, its technical capabilities expand, too. Or you keep your boutique hotel small and cozy, but don’t want to miss a chance and make your guest service better, using technologies. What is Hotel Property Management System? Structure of a hotel PMS. Central Reservation System (CRS).

Hotels 85

Hotels Technical Review Systems Review Software Review 85

Altexsoft

MARCH 24, 2022

Let’s be honest, for many hotels, payment functionality is not a priority. Once integrated, the payment gateway or processing solution isn’t customarily upgraded or reviewed. Hotel payments challenges. Currently, there are four main areas where hotels experience shortcomings with their payment technology.

Hotels 52

Hotels B2B Technical Review Travel 52

Altexsoft

MARCH 30, 2022

Upselling and cross-selling provide hotel owners and managers with the ability to drive greater profit from the same guest by timely offering valuable services. This post aims at explaining the key hotel upselling and cross-selling strategies, ways to digitize them effectively, and examples of existing software serving that purpose.

Hotels 59

Hotels Tools Strategy Off-The-Shelf 59

Altexsoft

SEPTEMBER 21, 2023

What if we told you that one of the world’s most powerful search and analytics engines started with the humble goal of organizing a culinary enthusiast’s growing list of recipes? First publicly introduced in 2010, Elasticsearch is an advanced, open-source search and analytics engine that also functions as a NoSQL database.

Weak Development Team 52

Weak Development Team Analytics Engineering Development Team Review 52

Altexsoft

JUNE 21, 2019

When Booking.coms and Expedias have begun cutting off chunks of sales from hotels, tour operators, and brick and mortar agencies, it became clear – tourists of today are eager to be technology-first. Analytics – metrics and reports about business, customers, and employees. is carefully documented in a CRM system.

Travel 89

Travel Systems Review System Hotels 89

Altexsoft

MARCH 15, 2021

This was largely due to the COVID-19 pandemic uprooting the status quo for both international and domestic travel. This article will explain how email marketing software manages to produce winning campaigns for travel enterprises. What Email Marketing Software Does. The Challenges of Marketing to Travelers. Personalization.

Travel 86

Travel Software Review Industry Marketing 86

Altexsoft

SEPTEMBER 28, 2018

In one Hotel Hell episode, lodge guests had to search for a front desk employee by themselves. Eventually, a bartender checked them in with a pen and notebook…The property owners didn’t have an online booking system and were losing a significant amount of revenue they could have used for development. Distribution.

Hotels 79

Hotels Travel How To Systems Review 79

Altexsoft

OCTOBER 6, 2020

Several hotels around the world now use technology solutions to automate their check-in, in-room, and check-out experiences for visitors. COVID-19 has greatly popularized contactless technology due to the increasing awareness about possible risks that can be linked to physical contact and touch. Source: Intelity.

Hotels 116

Hotels Technical Review Travel Software Review 116

Altexsoft

NOVEMBER 4, 2020

If you want to accept online reservations and manage your fleet with ease, what you need is a Car Rental Reservation System. In this article, we’ll tell you about the underlying modules of a Car RRS, review some of the key software providers, and give tips for those ready to roll up their sleeves and build their own platform.

Systems Review 64

Systems Review System Software Review Technical Review 64

Altexsoft

MARCH 23, 2022

In today’s digital world, it’s practically impossible without the right software. Often, the tour operator functions as a wholesaler, buying tickets, hotel rooms, and other travel products in bulk at discounted rates, combining them, and selling those packages in significant quantities directly or indirectly.

Software Review 52

Software Review Technical Review Engineering Software 52

Altexsoft

SEPTEMBER 19, 2018

A hotel jam-packed with people isn’t always a profitable hotel. Hotels employ various revenue management techniques and strategies aimed at increasing the bottom line. Compared to airlines, revenue management in hotels evolves slowly. What is hotel revenue management? Dynamic pricing strategies for hotels.

Hotels 66

Hotels KPI Travel Analysis 66

Altexsoft

OCTOBER 13, 2021

Placed next to its usual flight data screen and stylized in the same manner, there was a schedule of departures to such places as Jakku (“delayed due to sand storms”), Alderaan (“canceled”), and even Death Star (“possibly a trap”). IATA airline code, name, logo. FID systems can be configured to show other useful data such as: Weather.

Systems Review 59

Systems Review System Airlines Software Review 59

Altexsoft

JANUARY 19, 2022

Greenhouse gases (tourism is responsible for around 8 percent of global carbon emissions, three-quarters of which is due to aviation), local resource overuse (e.g., It means that people want to travel responsibly, so hotels, airlines, and tour companies have to keep up and satisfy their customers (and attract new ones).

Travel 95

Travel Sustainability Technical Review Airlines 95

Altexsoft

MAY 14, 2021

And that’s the most important thing: Big Data analytics helps companies deal with business problems that couldn’t be solved with the help of traditional approaches and tools. This post will draw a full picture of what Big Data analytics is and how it works. What is Big Data analytics? Traditional approach.

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Big Data Analytics Tools Applications 78

Xicom

AUGUST 13, 2020

Here, I am sharing some technology trends for online booking to answer the most frequently asked questions: How sustainability is driving hotel decisions? Might be due to a flight cancellation or because you missed the last train. Thus, the flight booking and hotel stay procedure should be simple. Probably yes! Machine Learning.

Hotels 52

Hotels Artificial Inteligence Travel Artificial Intelligence 52

Altexsoft

MAY 26, 2021

In the hospitality industry, choosing the right metrics and carefully tracking them can help you as the hotelier or hotel manager to understand how your hotel is performing, compare it with your competitors, and possibly find the weak points and opportunities for improvement. Occupancy rate, ADR, and ALOS: basic operational metrics.

Hotels 64

Hotels Metrics Performance KPI 64

Altexsoft

DECEMBER 9, 2020

Still, today, according to Deloitte research, insight-driven companies are fewer than those not using an analytical approach to decision-making, even though the majority agrees on its importance. What is analytics maturity model? They also serve as a guide in the analytics transformation process. Stages of analytics maturity.

Analytics 102

Analytics Technical Review Technology Applications 102

Altexsoft

JULY 20, 2023

In software development, requirements play a crucial role of a project’s North Star, guiding the entire process toward the final goal, so it’s important to understand them and document them properly. Functional requirements define the system’s features and functions. Functional requirements define the system’s features and functions.

Software Development 40

Software Development Software Review Software Development 40

Altexsoft

JUNE 25, 2022

percent in 2020 due to pandemic restrictions, in 2021, the industry saw a rise up to 6.1 Besides, due to the specific nature of the industry with high-value one-off payments, a big number of businesses across the world, and rapid customer consumption of services, the travel and hospitality sector is a huge target for fraud.

Travel 52

Travel Software Review Software Airlines 52

Altexsoft

MARCH 28, 2022

According to the Global Vacation Rental Report 2022 , 40 percent of property managers rely on market business intelligence (BI) or analytics services, a big leap compared to just 13 percent before the COVID-19 outbreak. Vacation rentals usually offer guests more attractive prices than hotels along with a more private setting.

Analysis 52

Analysis Data Software Review Technical Review 52

Altexsoft

APRIL 19, 2022

From sharing a corner in your living room with an air mattress to running a whole hotel-like operation with multiple properties, alternative accommodation hosts today can make bank. Hotels want to be like Airbnbs, investing in unique, homey properties where people come to live, rest, and work. Hotels and vacation rentals, compared.

Hotels 52

Hotels Tools Software Review Systems Review 52

Altexsoft

AUGUST 9, 2023

It’s a systematic approach to handling various travel operations such as hotel bookings, flight tickets, travel policies, and reporting with the aim of cost control, adherence to corporate policies, and employee comfort and safety. Such software aims to streamline the process of sourcing, booking, and managing travel services.

Travel 52

Travel B2B Off-The-Shelf Hotels 52

Altexsoft

JUNE 26, 2023

We’ll particularly explore data collection approaches and tools for analytics and machine learning projects. It’s the first and essential stage of data-related activities and projects, including business intelligence , machine learning , and big data analytics. What is data collection?

Machine Learning 52

Machine Learning Artificial Inteligence Data Systems Review 52

Altexsoft

AUGUST 13, 2020

Data analytics is one of the key directions for digital transformation in various industries, travel included. And hospitality is no exception: the hotel industry operates large amounts of data by its nature. Today, we’ll look at the specifics of using BI in the hotel industry. Hotel data sources.

Business Intelligence 59

Business Intelligence Hotels Technical Review Technology 59

Altexsoft

JANUARY 21, 2022

Prototyping is an essential part of any production, whether you’re developing hardware or software. It can be even coded and designed to some extent, like our x-ray analysis tool. It can be a presentation or a diagram, but in some cases, it can also be coded. “If it can’t be made here, it can’t be made.”. Priority Designs.

Software Review 52

Software Review Software Technical Review How To 52

Altexsoft

JUNE 21, 2023

The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance, and for a reason. It is a hotel performance metric representing the average revenue earned for each room rented out in a hotel over a certain period. Example 1: Small boutique hotel.

KPI 52

KPI Hotels Strategy Machine Learning 52

Altexsoft

JULY 3, 2020

Machine learning allowed hotels and rental services to personalize offers and services. Technologies that form back offices and hotel management systems consist of various tools and structures. There are organizations that develop standards for the industry and help organizations to adopt optimal designs for their systems.

Technical Review 76

Technical Review Technology Hotels Systems Review 76

Altexsoft

JUNE 9, 2023

The attention mechanism is the core of transformer systems. While Python is a popular choice due to OpenAI’s Python client library, HTTP requests can be made using any other language, ensuring the APIs cater to diverse development needs. The plugin acts as a virtual travel agent capable of recommending flights and hotels.

ChatGPT 52

ChatGPT Travel Artificial Inteligence Hotels 52

TechCrunch

JANUARY 16, 2021

Save 25% off a one- or two-year Extra Crunch membership by entering this discount code: THANKYOUISRAEL. Also, significant experience and know-how have been accumulated here in big data analytics. Zoomin Software. In general software has proven to be a winner and specifically SaaS as a business model has proven its resilience.

Technical Review 354

Technical Review Software Review Trends Systems Review 354

Altexsoft

FEBRUARY 10, 2020

Why don’t employees look for the best prices, book their flights and hotels, and then submit reimbursement requests all by themselves? The key advantage of partnering with global TMCs is their ability to negotiate special rates with major airlines and hotel chains on behalf of their client and deliver services multi-nationally.

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Travel Airlines Hotels Company 116

TechCrunch

APRIL 23, 2021

Use discount code BELFAST to save 25% off an annual or two-year Extra Crunch membership. The tech investment scene was characterized as being strong in software and life sciences, but sometimes too conservative or risk-averse. .” Susan Kelly , CEO, Respiratory Analytics. Susan Kelly, CEO, Respiratory Analytics.

Fintech 283

Fintech Technical Review Software Review Sport 283

Altexsoft

APRIL 30, 2021

OPERA by Oracle is a robust property management system for hotels of any sizes, allowing them to centralize the control over all operations and provide greater customer experience online and offline. Watch our detailed overview of property management systems to learn more. Isn’t one software enough? Reports and analytics.

Hotels 52

Hotels How To Systems Review Software Review 52

Altexsoft

FEBRUARY 26, 2019

In general, price forecasting is done by the means of descriptive and predictive analytics. Descriptive analytics. Descriptive analytics rely on statistical methods that include data collection, analysis, interpretation, and presentation of findings. In short, this analytics type helps to answer the question of what happened?

Real Estate 69

Real Estate Artificial Inteligence Machine Learning Hotels 69

Altexsoft

JUNE 2, 2021

However, if you are, say, a hotel, a law firm, or a daycare, you probably don’t have a problem counting your office supplies, towels, light bulbs, or furniture items and don’t need a sophisticated inventory management solution to maintain records and support the reordering process. Inventory management software. Disparate data.

Software Review 72

Software Review Technical Review Software Technology 72

Altexsoft

JULY 14, 2022

Summing up, we can say that today’s travelers no longer want to spend their vacation hopping on and off the sightseeing bus at the packaged group tour or chilling lazily next to the pool with a cocktail at the all-inclusive hotel without ever leaving the premises (well, we’ll be honest, some still do). TripCreator ), a channel manager (e.g.,

Travel 105

Travel Tourism Hotels Technical Review 105