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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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Sentiment Analysis in Hotel Reviews: Developing a Decision-Making Assistant for Travelers

Altexsoft

How long does it take an average traveler to pick up a hotel? We stayed at this hotel for five days” is neutral, “I liked staying here” is positive, and. “I I disliked the hotel” is negative. First, you have to gather real reviews left by hotel guests. For example, we can say that a comments like. “We So, let’s start!

Hotels 64
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Hotel Concierge Software: Modules and Integrations

Altexsoft

Today, a hotel concierge is the person whose job is to assist the guest with any request or problem — be it arranging a manicure, an urgent dry cleaning, or a pet walk. So, let’s explore the opportunities to improve customer satisfaction and other benefits concierge software can bring to your hotel. What is a virtual concierge?

Hotels 64
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Daily Crunch: Amazon’s new Bedrock cloud service lets developers incorporate generative AI

TechCrunch

Kyle reports on a startup that wants to train art-generating AI strictly on licensed images. million to help developers securely connect software services , Kyle reports. Hotel, but fancier : Romain reports that Thynk wants to upgrade hotel stays with a vertical software platform aimed at hospitality.

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Open Pricing Strategy for Hotel Revenue Management: Concept, Advantages, Tools, and Implementation Steps

Altexsoft

As a hotel revenue manager, one of your key responsibilities is creating a pricing strategy tailored to the property and its market. Many hotels still rely on a fixed pricing strategy that uses a tiered pricing system based on room types. This article explores the concept of open pricing and how it can benefit hotels that implement it.

Hotels 52
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Hotel Booking Engine: How to Boost Direct Bookings

Altexsoft

In 2021, the biggest challenge hotels face is successfully recovering from the COVID-19 impact. Even before the pandemic, when travel was booming, hotels — especially of middle and small sizes — experienced difficulties of another sort. What is a hotel booking engine and how it makes you competitive.

Hotels 69
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How Palladium targets tech to better serve the business

CIO

The result was what is now the Palladium Hotel Group, a hotel chain with 10 different brands spread across Spain, Italy, Mexico, Brazil, Jamaica, and the Dominican Republic. We’ll also continue to work on managing cultural change and the shortage of professionals with training and skills, in order to achieve the objectives set.”

Hotels 203