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OTA Insight books $80M for its hospitality business intelligence tools, used by 55K hotel properties globally

TechCrunch

Travel and tourism, two of the hardest-hit industries in the Covid-19 pandemic, are slowly starting to show some signs of recovery. The company has raised $80 million, a Series B led by Spectrum Equity, with previous backers Eight Roads, F-Prime Capital and Highgate Technology Ventures also participating. “OTA

Hotels 224
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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). We are working to transform ourselves into a data company mindset, finding newer ways to leverage data to support business growth.”

Budget 363
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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. Key performance metrics in most cases coincide with those used throughout the hospitality business.

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Sustainable Travel: Opportunities Digital Technology Provides for a Greener Business

Altexsoft

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., Most of these categories involve performing some practical actions, using different fuel, or installing specialized equipment.

Travel 95
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OTA Rates and Building ?ommission Engine: Best Practices and Lessons Learnt

Altexsoft

It inevitably affects tourism volumes and hence — flight demand, hotel occupancy rates , and other aspects of the travel business. Coupons play a similar role as discounts but they require extra steps to be performed behind the scenes. “ Business intelligence and machine learning: advanced approaches to pricing.

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Occupancy Rate Prediction: Building an ML Module to Analyze One of the Main Hospitality KPIs

Altexsoft

The occupancy rate is a key indicator of the historical, current, and looking-forward performance of a hotel or vacation rental business. If you look at Amadeus ’ in-depth Demand360® business intelligence data, you’ll see that the average global hotel occupancy rate was nearly 70 percent in the summer of 2022.

Hotels 52
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Data analytics: your complete guide to big data consulting

Agile Engine

A data analytics consultancy has a team of specialists and engineers who perform data analytics for companies that don’t have the capacity to do it in-house. Monitoring and support
 Monitoring is central to preventing AI analytics issues like model drift, ensuring compliance, and maintaining the high performance of data infrastructures.