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One weird trick to accelerate your organization’s generative AI strategy

CIO

Bryan Kirschner, Vice President, Strategy at DataStax Ignoring the potential of generative AI to increase productivity is a surefire way to fall behind as an individual, a team, and an organization. But positioning yourself, your team, and your organization to get ahead requires some strategic thinking.

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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.

Mobile 100
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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? Revenue management is a strategic approach to understanding and anticipating consumer behavior to determine optimal pricing strategies.

Hotels 52
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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
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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
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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
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Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI

Altexsoft

The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance, and for a reason. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. Example 1: Small boutique hotel. What is ADR?

KPI 52