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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

In the hospitality industry, choosing the right metrics and carefully tracking them can help you as the hotelier or hotel manager to understand how your hotel is performing, compare it with your competitors, and possibly find the weak points and opportunities for improvement. Occupancy rate, ADR, and ALOS: basic operational metrics.

Hotels 64
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Daily Crunch: Tata Group releases ‘super app’ that bundles 11 consumer services

TechCrunch

Tata Group embraces e-commerce with super app : The Indian conglomerate known for its myriad businesses, among them software and telecom, gathered all of its properties together under one big hug, er, “super app” called Tata Neu, which launched today to give the company some e-commerce heft with offerings like grocery, electronics and hotels.

Groups 194
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ChatGPT Implementation in Travel: Unleashing the Potential of GPT Models in Real-World Projects

Altexsoft

The attention mechanism is the core of transformer systems. While Python is a popular choice due to OpenAI’s Python client library, HTTP requests can be made using any other language, ensuring the APIs cater to diverse development needs. The plugin acts as a virtual travel agent capable of recommending flights and hotels.

ChatGPT 52
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Occupancy Rate Prediction: Building an ML Module to Analyze One of the Main Hospitality KPIs

Altexsoft

The occupancy rate is a key indicator of the historical, current, and looking-forward performance of a hotel or vacation rental business. The occupancy rate in hospitality is the share of occupied hotel rooms or vacation rental units at a given time. Overall, average hotel occupancy rates range between 65 and 80 percent.

Hotels 52
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8 investors, founders and execs predict cybersecurity, fintech will take Belfast by storm

TechCrunch

Interesting startups that our respondents mentioned include: CropSafe, SideQuest, Aflo, Material Evolution, Cloudsmith, LegitFit, Continually, Gratsi, 54 North Design, Animal Manager, Kairos Sports Tech, Budibase, Incisiv, Automated Intelligence, loyalBe, Konvi, Lane 44, Teamfeepay.com, Axial3D, Neurovalens, Payhere, and Civic Dollars.

Fintech 283
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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

Altexsoft

Summing up, we can say that today’s travelers no longer want to spend their vacation hopping on and off the sightseeing bus at the packaged group tour or chilling lazily next to the pool with a cocktail at the all-inclusive hotel without ever leaving the premises (well, we’ll be honest, some still do).

Travel 105
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Founded by Google’s former head of ads, Neeva brings its ad-free search engine to Europe

TechCrunch

We are running a very large indexing and search system that is serving more and more results.” Once upon a time, Google would surface personal information such as upcoming flight or hotel reservations in search results using data gleaned from Gmail , not to mention serving personalized ads based on the content of users’ inboxes.