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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.

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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%). Australian experiential tourism company Journey Beyond recently revamped its contact center as part of a customer experience transformation.

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6 tips for making the most of a tight IT budget

CIO

For the freight transportation company, business intelligence (BI) is one area where IT can have a top-line impact. “We Develop a clear technology vision Having a clear vison of where you are and where you are going helps to put everything into perspective.

Budget 342
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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. Now, let’s see how exactly your vacation rental business can benefit from data. Airbnb data.

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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. Business intelligence and machine learning: advanced approaches to pricing. A regular commission engine assigns markups and markdowns to base prices, following the predefined business logic.

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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., The devastating impact of travel on the environment and local communities is enormous. a tropical golf course uses as much water as 60,000 rural inhabitants), and pollution (e.g.,

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

Altexsoft

Read on to find out what occupancy prediction is, why it’s so important for the hospitality industry, and what we learned from our experience building an occupancy rate prediction module for Key Data Dashboard — a US-based business intelligence company that provides performance data insights for small and medium-sized vacation rentals.

Hotels 52