article thumbnail

The Good and the Bad of the Elasticsearch Search and Analytics Engine

Altexsoft

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? To help her, Banon developed a search engine for her recipe collection. But like any technology, it has its share of pros and cons.

article thumbnail

Revenue Management Systems for Hotels: Products and Features

Altexsoft

With the right RMS in place, hotels and vacation rentals can optimize room pricing, enhance occupancy rates, and boost overall revenue. What is a revenue management system for hotels? Learn more about hotel revenue management in our video. Revenue management software for hotels is generally flexible.

Hotels 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Hotel Price Prediction: Hands-On Experience of ADR Forecasting

Altexsoft

Hotel price prediction is a critical aspect of the travel industry, and with the rise of machine learning , it has become more precise and accurate. The key objective behind this task is to set the best booking prices to entice customers and ensure that hotels take full advantage of their business potential.

Hotels 52
article thumbnail

Smart Hotel Infrastructure: How to Adopt IoT in Hospitality

Altexsoft

Every now and then, a big hotel brand introduces its own take on the “hotel room of the future”. IHG , Marriott , Accor , and many more have been developing automatic, contactless, personalized experiences to wow their guests and redefine the hospitality market. What is a smart hotel? IoT hospitality applications.

Hotels 59
article thumbnail

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. Occupancy rate. What does it show?

Hotels 64
article thumbnail

Online Travel Agency Analytics: Data-Driven Approach to the Best-Cost Strategy

Altexsoft

Interestingly, in the era of flight aggregators and websites with massive hotel inventories, we still tend to trust our own instincts and dig for better and cheaper options. Acquisition analytics. Demand analytics. Revenue analytics. Supplier analytics. Costs and profit analytics. Acquisition analytics.

Travel 111
article thumbnail

A guide to modern mobile app development strategy

OTS Solutions

A guide to modern mobile app development strategy. One of the areas that a lot of focus has been laid on is mobile application development. As a CEO, if you want your brand to get closer to your consumer, mobile application development should be part of your short-term or long-term business strategy. Weak server-side controls.

Mobile 100