article thumbnail

Metasearch in Hospitality: an Overview of Hotel Search Engines

Altexsoft

In April 2020, the hotel occupancy in the US dropped to its lowest level ever — the bewildering 24.5 The annual average was roughly 44 percent, which means that more than half of hotel rooms were empty during the whole year. This means a hotel is charged every time the ad is clicked and redirection occurs.

Hotels 119
article thumbnail

OTA Rates and Building ?ommission Engine: Best Practices and Lessons Learnt

Altexsoft

They help hotels, airlines, car rental services, and other suppliers sell inventory to end customers — and charge fees for this mediation. Though the business scheme is quite straightforward, the same can’t be said for the financial calculations behind it. A big effort needs to be put into setting and finetuning profitable prices.

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

Short-Term and Vacation Rental Data: Sources and Analysis

Altexsoft

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.

article thumbnail

Vacation Rental Revenue Management: Dynamic Pricing Tools by Beyond, PriceLabs, Airbnb, Vrbo, and More

Altexsoft

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
article thumbnail

Business Intelligence tools & use cases

Apiumhub

With more and more data available, it’s getting more difficult to focus on the information we really need and present it in an actionable way and that’s what business intelligence is all about. In this article we will talk about Business Intelligence tools, benefits & use cases. . What is Business Intelligence.

article thumbnail

How to Choose a Data Science and AI Consulting Company

Altexsoft

Customer-facing applications powered by machine learning algorithms solve your customers’ problems. Business analytics: business intelligence and statistical analytics. Business analytics (BA) is the exploration of data through statistical and operations analysis. Dashboards and scorecards development.

Company 63
article thumbnail

Data Collection for Machine Learning: Steps, Methods, and Best Practices

Altexsoft

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?