Remove Hotels Remove Machine Learning Remove Software Review Remove Systems Review
article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Data Collection for Machine Learning: Steps, Methods, and Best Practices

Altexsoft

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?

article thumbnail

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”. The Internet of Things (IoT) and machine learning that are powering smart hotel applications are accessible to everyone bold enough to try. What is a smart hotel? IoT hospitality applications. Mobile keys.

Hotels 59
article thumbnail

Hotel Rate Shopping: Using Rate Intelligence for Revenue Management

Altexsoft

But does it mean that hotels must get used to living in the OTAs’ shadow and be content with monstrous fees and rate parity rules? Let’s talk about the many opportunities that rate shopping might bring for a hotel. Dynamic pricing engines can be based on rules or on machine learning. Not exactly. Demand forecasting.

Hotels 59
article thumbnail

PolyAI lands $40M to handle contact center calls automatically

TechCrunch

One 2019 survey found that 88% of people prefer speaking to a live service agent instead of navigating an automated system. 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. Image Credits: PolyAI.

article thumbnail

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