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

MARCH 23, 2022

In 1841, its founder chartered a train to carry temperance supporters to a meeting 12 miles away – and that was the world’s first package tour. Besides, a tour operator can own some of the package components, for example, run an airline or hotel. Usually those are local companies that actually provide travel services.

Software Review 52

Software Review Technical Review Engineering Software 52

Altexsoft

SEPTEMBER 6, 2018

An expert talking about the capabilities of predictive analytics for business on a morning TV show is far from unusual. Due to a surfeit of information about AI and big data on the Internet, companies can assume that data analysis is the solution for most of their data-related issues. Amazon and Netflix recommendation systems).

Company 63

Company Off-The-Shelf Data Software Review 63

Altexsoft

MARCH 27, 2023

As a hotel revenue manager, one of your key responsibilities is creating a pricing strategy tailored to the property and its market. Many hotels still rely on a fixed pricing strategy that uses a tiered pricing system based on room types. You can check out our video about revenue management before starting to read this post.

Hotels 52

Hotels Strategy Tools Technical Review 52

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

APRIL 24, 2019

Such a pricing strategy can lead to bad reviews, complaints, or worse. The expert recalls cases when clients were charged preposterous fees for short rides due to extremely high demand, for instance, during the New Year’s Eve. Customers don’t like to feel like they’ve paid more than other people for the same product or service.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

SEPTEMBER 9, 2019

If you’d like to save time and the headache of making separate agreements with each inventory supplier, here’s a way out – partner with a travel inventory aggregator – be it a global distribution system (GDS), a bed bank, or a big OTA. analytics tools to measure marketing campaign success and evaluate user journey.

Travel 52

Travel Hotels Airlines Programming 52

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

SEPTEMBER 7, 2021

The models are trained to assign higher scores to leads with those attributes. To implement a predictive lead scoring system, insurers can build it from scratch or buy a ready-made one. Off-the-shelf lead scoring systems. The ready-made systems such as Maroon.ai But there are successful cases.

Insurance 59

Insurance Technical Review Strategy Technology 59

Altexsoft

AUGUST 2, 2021

Today, a hotel concierge is the person whose job is to assist the guest with any request or problem — be it arranging a manicure, an urgent dry cleaning, or a pet walk. So, let’s explore the opportunities to improve customer satisfaction and other benefits concierge software can bring to your hotel. What is a virtual concierge?

Hotels 64

Hotels Software Review Software Technical Review 64

Altexsoft

JANUARY 17, 2023

Analytics and revenue management – managing companies monitor performance of properties under their control and use various revenue management strategies to maximize profits (e.g., However, they integrate the new inventory into the parent management system to establish data sharing and create a unified booking system.

Strategy 52

Strategy Company Technical Review Software Review 52

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

NOVEMBER 1, 2023

This is a collection of texts used for linguistic analysis and training NER models. NER example Consider the sentence: “Mary from the HR department said that The Ritz London was a great hotel option to stay in London.” A corpus can range from a set of news articles to academic journals or even social media posts.

Artificial Inteligence 52

Artificial Inteligence Machine Learning Systems Review Training 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

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.

Travel 116

Travel Airlines Hotels Company 116

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

SEPTEMBER 9, 2019

If you’d like to save time and headache of making separate agreements with each inventory supplier, here’s a way out – partnering with a travel inventory aggregator – be it a global distribution system (GDS), a bed bank, or a big OTA. Templates Pros: minimal tech resources needed, the fastest way to get hotel booking to market.

Travel 14

Travel Hotels Airlines Programming 14

Altexsoft

OCTOBER 27, 2023

Over the years, the company acquired a range of online travel businesses — Hotels.com (hotel booking), Hotwire, Orbitz, and Travelocity (OTAs), Vrbo ( vacation rentals ), Trivago (a metasearch engine focusing on hotels), and more. Below, we’ll review basic features to pay attention to when choosing a technology provider.

Travel 52

Travel Hotels Technical Review Off-The-Shelf 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

NOVEMBER 15, 2022

The occupancy rate is a key indicator of the historical, current, and looking-forward performance of a hotel or vacation rental business. The occupancy rate in hospitality is the share of occupied hotel rooms or vacation rental units at a given time. Overall, average hotel occupancy rates range between 65 and 80 percent.

Hotels 52

Hotels Machine Learning Artificial Inteligence KPI 52

Altexsoft

JUNE 9, 2023

Large language models and transformers in a nutshell Language models , types of machine learning models, are trained to anticipate the likelihood of a word sequence. This attribute makes them parallelizable, accelerating the training process and enhancing efficiency. The attention mechanism is the core of transformer systems.

ChatGPT 52

ChatGPT Travel Artificial Inteligence Hotels 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

OCTOBER 31, 2023

Data integration – omnichannel relies on a seamlessly integrated backend system to share data across all sales and marketing platforms. Because of lack of integration, cross-channel customer interactions aren’t captured, so data collected for analytics is often fragmented and incomplete. are available regardless of the touchpoint.

Strategy 52

Strategy How To Mobile Media 52

Altexsoft

NOVEMBER 22, 2019

Hotel business produces a plethora of data literally every moment. Let’s take a closer look at major data management processes — data collecting, storing, and analyzing — as applied to the hotel domain. Hotel data collection: what and where to look for. Important hotel data sets and overlaps between them.

Hotels 18

Hotels Data Technical Review Systems Review 18

TechFides Blog

OCTOBER 29, 2020

CIO for hire) IT Projects M&A Technology Due Diligence, Post Transaction Integration, and ongoing portfolio company advisory services Jay Reed – CIO Suite Jay is a partner in CIO Suite, and brings a long track record of executive and leadership experience in the commercial real estate and hospitality industries.

CTO Coach 52

CTO Coach Fractional CTO Hotels Real Estate 52

Altexsoft

MAY 5, 2023

AI in a nutshell Artificial Intelligence (AI) , at its core, is a branch of computer science that focuses on developing algorithms and computer systems capable of performing tasks that typically require human intelligence. This includes learning, reasoning, problem-solving, perception, language understanding, and decision-making.

Artificial Inteligence 59

Artificial Inteligence Machine Learning Technical Review ChatGPT 59

Altexsoft

JANUARY 11, 2019

No recent achievements can compete with inventions of a multilayer perceptron (MLP) , neural net training techniques like backpropagation and backpropagation through time (BPTT), residual networks, the introduction of Generative Adversarial Networks (GANs), and deep Q-learning networks ( DQN ). ”So, BERT pre-training technique.

Artificial Inteligence 94

Artificial Inteligence Artificial Intelligence Trends Data 94

Altexsoft

MAY 20, 2022

Some travelers used it as a loophole to game the system and took longer, often multi-stop flights (which were usually cheaper too) instead of short, direct ones to get more points. due to expiration or other reasons like a member’s death). Now, let’s look into details. How do airlines accrue points? So how does it work?

Airlines 52

Airlines Programming Technical Review Technology 52

Altexsoft

MARCH 20, 2020

Hotels and resorts do not allow tourists. Let’s recall how carriers, hotels, tour operators and other trip-related organizations responded to the greatest shocks of the not-so-distant past. Flight management systems and speed balancing. Hotels in China and Hong Kong were the second major victims of SARS — after airlines.

Travel 86

Travel Tourism Airlines Industry 86

Strategy Driven

JANUARY 26, 2011

A community of travelers help us select hotels that meet our personal preferences thanks to Trip Advisor. For a great example, look at Zappos – a company whose success is due largely to an emphasis on culture. TheStreet.com steers us toward the stocks we should buy. And it does not stop there. Very, very smart.

Social 26

Social Media Technical Review Software Review 26

TechCrunch

JANUARY 16, 2021

Also, significant experience and know-how have been accumulated here in big data analytics. Do you expect to see a surge in more founders coming from geographies outside major cities in the years to come, with startup hubs losing people due to the pandemic and lingering concerns, plus the attraction of remote work? Not particularly.

Technical Review 354

Technical Review Software Review Trends Systems Review 354

Xicom

MARCH 11, 2020

This truck app consists of many analytical and manageable modules to monitor, track, approve, pay, as well as control all the operations of the truck industry. Here admin can see various advanced graphs and analytics in real-time. Reward System. It is a referral-based reward system for promoting your mobile app.

UI/UX 85

UI/UX Development Transportation Mobile 85

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

The Cipher Brief

APRIL 5, 2020

Ultimately, our aim should be to enhance our national pandemic response and work to establish a global counter-pandemic system much as the domestic and international architecture confronting terrorism transformed following 9/11. A Chinese professor who had treated patients in Guangdong traveled to a Hong Kong hotel on February 21.

Travel 54

Travel Weak Development Team Systems Review Technical Review 54