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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? It’s commonly applied in various industries, for instance, travel and hospitality, transportation, eCommerce, electricity retailing, entertainment.

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Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI

Altexsoft

Whether you’re a hotelier aiming to optimize revenue or a tech enthusiast intrigued by the evolving dynamics of travel and hospitality, acquiring a comprehensive understanding of ADR will be helpful. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. Data shortage and poor quality.

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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Accounts payable are most vulnerable to errors (whether deliberate or not) due to disconnected and inaccurate information, especially if you have to deal with a big amount of documentation and process multiple transactions. The market is constantly changing due to a myriad of factors. Contract management to review and audit agreements.

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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

It’s been a long time since it became obvious that to develop and stay competitive, businesses have to support their decision-making with data. So, the aim of this article is to describe the main KPIs typically adopted by hotels to support their business analysis. But, easier said than done. In further calculations we will use 0.5

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Product Managers vs. Project Managers: Difference, Responsibilities, and KPIs

Altexsoft

Why it’s a bad practice to combine these roles in one person? Product is a system that solves some customer’s problem and satisfies market’s demand. Project manager runs the product development. Throughout the entire development stage, this person ensures that the project goes in line with the set budget and time frames.