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Revenue Management Systems for Hotels: Products and Features

Altexsoft

A solid revenue management system (RMS) serves as a trusted steering wheel, guiding in the right direction and making that journey smoother. 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?

Hotels 52
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How Attribute-Based Shopping Will Change Hotel Booking

Altexsoft

When searching for hotel rooms, parents with young children may very much prefer to not have a fireplace or a high floor view, while honeymooners may be willing to pay to have both a fireplace and a view. Many hotels, though, still use an old shopping model. shift to more premium rooms and rates ” even in its early trials with ABS.

Hotels 111
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Metasearch in Hospitality: an Overview of Hotel Search Engines

Altexsoft

In April 2020, the hotel occupancy in the US dropped to its lowest level ever — the bewildering 24.5 The annual average was roughly 44 percent, which means that more than half of hotel rooms were empty during the whole year. This means a hotel is charged every time the ad is clicked and redirection occurs.

Hotels 119
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Guide to Digitizing Hotel Upselling and Cross-Selling: Strategies and Tools

Altexsoft

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
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Travel Analytics: Data Sources, Use Cases, and Real-Life Examples

Altexsoft

Internal systems — like a property management system (PMS) in hospitality, a passenger service system (PSS) used by airlines, or an OTA back office — are the backbone and the most relevant source of transaction details, booking histories, and inventory data for a travel business. geolocation, profiles, and feedback.

Travel 52
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Emerging Loyalty Trends in Automotive to Watch Closely: Detroit Event Highlights

Perficient

Emerging Trends to Watch One of the biggest emerging trends for loyalty is that it is expanding beyond a rewards and points system. She also explained that negative reviews are actually a great opportunity to demonstrate loyalty to the customer. Currently, most brands aren’t pulling enough data.

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HTNG: What Hospitality Technology Next Generation Is and How It Works

Altexsoft

Machine learning allowed hotels and rental services to personalize offers and services. Technologies that form back offices and hotel management systems consist of various tools and structures. For the most part, these are hotels, restaurants, and bars. consulting companies that concentrate on hospitality.