CIO

JULY 11, 2023

For example: at the time the Four Seasons hotel chain was founded , “Traditionally, hotel employees were poorly paid and considered transient and replaceable.” But now imagine the opposite case: another hotel chain that still operates on a “high expected turnover” model. Artificial Intelligence, Machine Learning

Generative AI 184

Generative AI Strategy Weak Development Team Hotels 184

Altexsoft

MARCH 30, 2022

Upselling and cross-selling provide hotel owners and managers with the ability to drive greater profit from the same guest by timely offering valuable services. This post aims at explaining the key hotel upselling and cross-selling strategies, ways to digitize them effectively, and examples of existing software serving that purpose.

Hotels 59

Hotels Tools Strategy Off-The-Shelf 59

CIO

OCTOBER 9, 2023

Truly listening to what the business wants and needs and asking questions while empowering his team to experiment is of paramount importance, agrees Eben Hewitt, CIO of Hyatt Hotels. “My I think of it almost like a machine learning algorithm called ‘multi-armed bandit,’” that has two axes: exploit and explore, he says.

Hotels 341

Hotels Innovation Agile Games 341

TechCrunch

APRIL 27, 2021

“In the public markets, there are many players in hospitality property management,” said co-founder and CEO Amiad Soto. “Definitely for major hotels, there are going to be big changes, but for vacation rentals and boutique-style hotels that offer different experience, this a lot more accessible and a lot more appealing.

Artificial Inteligence 250

Artificial Inteligence Hotels Artificial Intelligence Travel 250

CIO

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Forecast financial market trends. from 2022 to 2028.

Analytics 359

Analytics Data Artificial Inteligence Healthcare 359

Altexsoft

MAY 31, 2022

Dubai, UAE — May 31, 2022 — AltexSoft, one of 1,500 exhibitors from 158 countries, participated in the 2022 Arabian Travel Market. Participating organizations included hotels, airlines, online travel agencies, travel management companies, destination management companies, and others. .

Travel 52

Travel Marketing Tourism Airlines 52

Xicom

AUGUST 13, 2020

Here, I am sharing some technology trends for online booking to answer the most frequently asked questions: How sustainability is driving hotel decisions? Thus, the flight booking and hotel stay procedure should be simple. By now, you must have decided to offer an on-demand online hotel reservation. Machine Learning.

Hotels 52

Hotels Artificial Inteligence Travel Artificial Intelligence 52

Altexsoft

JANUARY 30, 2023

They are a way for travel vendors to offer discounted airfares, hotels, car rentals , and other perks and benefits to certain clients, while also potentially increasing sales and customer loyalty. For example, the Resort Inventory Group, which we’ll cover further, aggregates many membership clubs for hotels to distribute their products.

Travel 97

Travel Groups Hotels Examples 97

Altexsoft

SEPTEMBER 19, 2023

This article explores the influence of analytics on marketing strategies, revenue management, guest personalization, and other aspects of the travel industry. Learn more about the functions of internal systems with our dedicated articles about hotel property management systems and passenger service systems.

Travel 52

Travel Analytics Examples Airlines 52

Altexsoft

MARCH 22, 2023

Atlanta, GA — March 20, 2023 — AltexSoft, a Travel & Hospitality Technology Consulting company, provided engineering services to Awai, an Australia-based travel startup, to bring a holiday booking platform to the market. Instead, Awai offers dynamically generated packages that include flights and accommodation.

Travel 52

Travel Hotels Airlines Machine Learning 52

TechCrunch

SEPTEMBER 7, 2022

With the market for call center software estimated to be worth tens of billions, there’s a strong incentive to crack the code — or to come close, at least. Or if a hotel guest calls to book a standard room but then changes their mind and decides on a suite, the platform could suggest rooms that fit the new criterion.

Technical Review 229

Technical Review Hotels Systems Review Software Review 229

CIO

NOVEMBER 20, 2023

For example, they may be trained on company or industry data and deployed to perform a single task, such as identifying images or generating personalized marketing content. They’ll be more limited but more targeted in what they can do. Only a handful of SLMs have been deployed, mostly for writing code and retrieving data. CEO Robb Wilson.

Artificial Inteligence 276

Artificial Inteligence Machine Learning Generative AI Hotels 276

CIO

JANUARY 9, 2023

The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. Recent market volatility has added to the complexity of delivering high-quality products and services,” Derr says. How do we grow our business responsibly?”

Technical Review 363

Technical Review Fractional CTO CTO Artificial Inteligence 363

Perficient

MARCH 26, 2024

It used to be that the responsibility of loyalty was housed in one department, where marketing was the custodian. As a result, loyalty is managed across departments like technology, finance, and sales, all tightly aligned with marketing. With increasing competition and changing market demands, brands must rethink their CX strategies.

Automotive 59

Automotive Trends Technical Review Hotels 59

Altexsoft

DECEMBER 30, 2022

They help hotels, airlines, car rental services, and other suppliers sell inventory to end customers — and charge fees for this mediation. Some OTAs invest up to 50 percent of their revenue in online marketing to increase visibility on the Internet — you can learn more about it from our video. Understanding marketing in travel.

Engineering 52

Engineering Hotels Travel .Net 52

Exadel

NOVEMBER 25, 2020

Thanks to our extensive expertise developing AI solutions , we recently launched a public version of CompreFace, a free face recognition service that can be easily integrated into any IT system without prior Machine Learning (ML) skills. Speed up checking in at hotels, conferences, and airports. About CompreFace.

Machine Learning 98

Machine Learning Artificial Inteligence Open Source Hotels 98

Altexsoft

APRIL 19, 2022

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

Hotels Tools Software Review Systems Review 52

TechCrunch

AUGUST 23, 2022

Some marketers argue these protections have made it harder to suggest or predict which products customers might want. It brings the company’s total raised to $30 million, which includes contributions from high-profile celebrities like actor Leonardo DiCaprio, Elton John and Starwood Hotels founder Barry Sternlicht.

Knowledge Base 229

Knowledge Base Travel Film Media 229

TechCrunch

OCTOBER 15, 2021

While there are tools like Service Titan for field management, businesses want a low touch solution for marketing and sales. “Skipper is a new network for hotels and resorts that helps them run their tech stack, acquire customers, and create new revenue streams. ” GatherMade. ” Aklivity. ” SAVVI.

CTO Coach 186

CTO Coach Weak Development Team 3D Hotels 186

Altexsoft

MARCH 28, 2022

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.

Analysis 52

Analysis Data Software Review Technical Review 52

O'Reilly Media - Ideas

NOVEMBER 2, 2021

It’s also important that machine learning seems to have taken a step (pun somewhat intended) forward, with robots that teach themselves to walk by trial and error, and with robots that learn how to assemble themselves to perform specific tasks. Atlas is a project to define the the machine learning threat landscape.

Trends 124

Trends Artificial Inteligence Machine Learning Linux 124

Altexsoft

APRIL 24, 2019

The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes. Dynamic pricing is a practice of setting a price for a product or service based on current market conditions. Dynamic pricing strategy 101 and key approaches.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

FEBRUARY 21, 2023

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

Hotels Machine Learning Artificial Inteligence Travel 52

Altexsoft

MAY 23, 2023

Revenue Per Available Room, or RevPAR, has emerged as a crucial key performance indicator (KPI) for assessing a hotel’s financial well-being and prosperity. This significant metric enables hotel owners to evaluate their property’s performance by considering both occupancy rates and average daily rates (ADR).

Hotels 59

Hotels KPI Artificial Inteligence Strategy 59

Altexsoft

AUGUST 9, 2023

It’s a systematic approach to handling various travel operations such as hotel bookings, flight tickets, travel policies, and reporting with the aim of cost control, adherence to corporate policies, and employee comfort and safety. Central Reservation System (CRS) connection: Many larger suppliers (like hotel chains) have their own CRS.

Travel 52

Travel B2B Off-The-Shelf Hotels 52

CableLabs

FEBRUARY 13, 2019

Innovation Showcase : Meet companies that are breaking technology barriers and changing the landscape of the industry – diverse innovations include computer vision, machine learning, password-free high assurance authentication, rogue device mitigation, and personal data protection and privacy aligned with GDPR requirements.

Conference 58

Conference Wireless Hotels Machine Learning 58

Altexsoft

MAY 5, 2023

The short-term rentals (STR) market has been expanding rapidly in recent years, with popular vacation rental platforms like Airbnb, Booking.com, and VRBO transforming how people travel and lodge. This includes learning, reasoning, problem-solving, perception, language understanding, and decision-making.

Artificial Inteligence 59

Artificial Inteligence Machine Learning Technical Review ChatGPT 59

Exadel

JULY 23, 2021

marketing.? ?Of? to automate check-in at hotels, conferences, and transit stations. Secondly, facial recognition is a difficult process that requires experts in machine learning and computer vision, ?but advertising? business? ?wants? VIP clients,? ?so? CompreFace? ?can? customers ?upon? entrance, ?giving customer? ?service.?

Open Source 52

Open Source System Software Hotels 52

Altexsoft

JUNE 25, 2022

Artificial intelligence and machine learning tools are widely adopted within the insurance sector to automate claim processing. This can be, for example, submitting a refund claim for hotel costs for a business trip an employee actually turns into leisure (do not mistake it for bleisure ).

Travel 52

Travel Software Review Software Airlines 52

RapidValue

APRIL 2, 2020

Adaptability – Machine Learning (AI) makes it adaptable to any form of spoofing. Hospitality – The hospitality industry deals with large volumes of customers at once, and for hotel owners, airlines and other companies hence, it is important to deal with them efficiently, without compromising on safety.

Technology 81

Technology 3D Hotels Insurance 81

Altexsoft

AUGUST 25, 2021

Natural language processing or NLP is a branch of Artificial Intelligence that gives machines the ability to understand natural human speech. NLP techniques open tons of opportunities for human-machine interactions that we’ve been exploring for decades. Machine learning-based NLP — the basic way of doing NLP.

Tools 139

Tools Artificial Inteligence Technical Review Systems Review 139

Altexsoft

FEBRUARY 26, 2019

This time we talked with experts from AleaSoft, ENFOR, REALas, and our own data science specialist to answer the question: How to implement price forecasts on markets with high volatility? Predictive analytics requires numerous statistical techniques, such as data mining (identification of patterns in data) and machine learning.

Real Estate 69

Real Estate Artificial Inteligence Machine Learning Hotels 69

Altexsoft

SEPTEMBER 7, 2021

It uses machine learning to capture more nuanced customer behavior patterns. Predictive lead scoring is a marketing methodology that uses propensity modeling to identify the sales leads that are most likely to convert. However, before implementing machine learning and predictive lead scoring, you need data.

Insurance 59

Insurance Technical Review Strategy Technology 59

Altexsoft

AUGUST 26, 2022

In March 2022, the statistics portal for market data Statista revealed a survey on travelers opinion on accomodations use of latest tech 2020. And the booking process , in turn, takes a minute on average, allowing users to quickly choose and buy travels from major airlines and hotels across 180 countries. Source: Basubu.

Tourism 52

Tourism Travel Trends Sustainability 52

Altexsoft

JUNE 26, 2023

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?

Machine Learning 52

Machine Learning Artificial Inteligence Data Systems Review 52

Altexsoft

JANUARY 21, 2022

When there are no live examples on the market, you will face too many risks and uncertainties, so you must check if your idea can be realistically brought to life with current technologies. Our sentiment analysis tool for aggregating hotel reviews is a good example. The feasibility study occurs at the pre-development stage.

Software Review 52

Software Review Software Technical Review How To 52

Altexsoft

SEPTEMBER 6, 2018

Customer-facing applications powered by machine learning algorithms solve your customers’ problems. For instance, you can find out why customers prefer booking from OTAs rather than from your hotel site this week or whether or not a particular user buys products after reading an email about current deals. Client analysis.

Company 63

Company Off-The-Shelf Data Software Review 63