Remove Hotels Remove Network Remove Off-The-Shelf Remove Systems Review
article thumbnail

Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

Altexsoft

Often, the tour operator functions as a wholesaler, buying tickets, hotel rooms, and other travel products in bulk at discounted rates, combining them, and selling those packages in significant quantities directly or indirectly. Besides, a tour operator can own some of the package components, for example, run an airline or hotel.

article thumbnail

Short-Term and Vacation Rental Data: Sources and Analysis

Altexsoft

This term refers to hotel alternatives that can be booked for several days or weeks (hence, the second name — short-term rentals.) Vacation rentals usually offer guests more attractive prices than hotels along with a more private setting. Vacation and short-term rentals are experiencing a post-COVID renaissance.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? Would you consider fixed costs, competitor prices, or both? Two biggest tasks businesses have to address in this regard are revenue management and price optimization. Pricing automation.

article thumbnail

Customer Loyalty In Insurance: Technologies and Strategies To Retain and Keep Customers Loyal

Altexsoft

And it’s slowly paying off. Insurance companies find it difficult to attract new customers and retain them, especially when almost every insurer offers the same service or product. It’s also challenging since insurance is a low-touch industry, and insurers seldomly interact with their customers. The customer loyalty problem in insurance.

article thumbnail

Conversational AI: How Advanced Chatbots Work

Altexsoft

Instead of getting out of bed and switching off the lights manually, you can open an Alexa app on your phone and give a voice command like, “Alexa, bedroom lights off.”. But unlike rule-based systems, these chatbots can improve over time through data and machine learning algorithms. Here’s the catch though.

article thumbnail

AI in Short-Term Rentals: How Machine Learning Shapes STR

Altexsoft

AI in a nutshell Artificial Intelligence (AI) , at its core, is a branch of computer science that focuses on developing algorithms and computer systems capable of performing tasks that typically require human intelligence. Deep Learning is a subset of machine learning that focuses on building complex algorithms named deep neural networks.

article thumbnail

Travel Booking Engines: Types, Functionality, and Integrations

Altexsoft

Without this software component, you can neither sell nor buy airline tickets or hotel reservations through the Internet. The key systems on the suppliers’ side are: Global Distribution Systems ( GDSs ), bed banks , airline consolidator databases, hotel property management systems ( PMSs ), and.

Travel 69