Altexsoft

MAY 26, 2021

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

Hotels Metrics Performance KPI 64

Altexsoft

JUNE 21, 2019

When Booking.coms and Expedias have begun cutting off chunks of sales from hotels, tour operators, and brick and mortar agencies, it became clear – tourists of today are eager to be technology-first. Business rules – the logic behind the decision-making of an organization. Hotel connection via Extranet.

Travel 89

Travel Systems Review System Hotels 89

Altexsoft

MARCH 27, 2023

As a hotel revenue manager, one of your key responsibilities is creating a pricing strategy tailored to the property and its market. Many hotels still rely on a fixed pricing strategy that uses a tiered pricing system based on room types. This article explores the concept of open pricing and how it can benefit hotels that implement it.

Hotels 52

Hotels Strategy Tools Technical Review 52

Altexsoft

MAY 14, 2021

And that’s the most important thing: Big Data analytics helps companies deal with business problems that couldn’t be solved with the help of traditional approaches and tools. This post will draw a full picture of what Big Data analytics is and how it works. What is Big Data analytics? Traditional approach.

Big Data 78

Big Data Analytics Tools Applications 78

Xicom

JULY 21, 2020

Once, consultant Geoferry Moore put it – “Without Big Data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway” And, one such big benefit is predictive behaviour. But, before you have a look at the cases, let us delve and find an answer to what is Predictive Analytics?

Healthcare 52

Healthcare Analytics Technical Advisors Analysis 52

Altexsoft

SEPTEMBER 21, 2023

What if we told you that one of the world’s most powerful search and analytics engines started with the humble goal of organizing a culinary enthusiast’s growing list of recipes? First publicly introduced in 2010, Elasticsearch is an advanced, open-source search and analytics engine that also functions as a NoSQL database.

Weak Development Team 52

Weak Development Team Analytics Engineering Development Team Review 52

TechCrunch

JANUARY 16, 2021

Also, significant experience and know-how have been accumulated here in big data analytics. Hyperguest, creating direct connectivity between hotels and OTAs. In Israel, inside sales and marketing analytics allow companies to sell more effectively now than in the last decade. Games, vertical AI and AI agencies, digital health.

Technical Review 354

Technical Review Software Review Trends Systems Review 354

CTOvision

FEBRUARY 10, 2017

The ability to use a range of high-level services like analytics or accounting via SaaS (software as a service) levels the playing field so that small shops are using the same tools as multi-national corporations. M ore than 70 percent of businesses say that cloud services provides enough savings to reinvest in the company.

eLearning 64

eLearning Technology Mobile Virtualization 64

Altexsoft

SEPTEMBER 6, 2018

Data science and artificial intelligence are hot media topics. An expert talking about the capabilities of predictive analytics for business on a morning TV show is far from unusual. Business analytics: business intelligence and statistical analytics. Four types of analytics.

Company 63

Company Off-The-Shelf Data Software Review 63

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

Altexsoft

DECEMBER 14, 2020

For analytical purposes, you can use data warehouses. Storages for analytical use: data lakes vs data warehouses. If we apply data for analytical processing and use so-called data pipelines , the final destination of the structured data’s journey will be special data warehouses. Tools and technologies. OLAP applications.

Data 93

Data Artificial Inteligence Storage Analytics 93

Altexsoft

NOVEMBER 15, 2022

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

Hotels Artificial Inteligence Machine Learning KPI 52

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. Though the business scheme is quite straightforward, the same can’t be said for the financial calculations behind it. A big effort needs to be put into setting and finetuning profitable prices.

Engineering 52

Engineering Hotels Travel .Net 52

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

Altexsoft

MARCH 23, 2022

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.

Software Review 52

Software Review Technical Review Engineering Software 52

TechFides Blog

OCTOBER 29, 2020

His experience includes CIO roles at Pillar Hotels and Resorts, Omni Hotels, and Aimbridge Hospitality, coupled with client services and IT advisory roles at Centrada Solutions and Noble Royalties, Inc., That includes office buildings, that includes hotels, that includes traffic lights, everything. And then lastly, G.S.D.,

CTO Coach 52

CTO Coach Fractional CTO Hotels Real Estate 52

Altexsoft

SEPTEMBER 25, 2020

Cotiviti is one of the most recognized providers of payment accuracy and risk adjustment products, driven by analytics. This encompasses appointment management, medical transcription, coding services, and data analytics. Profitability is vital for any business, and healthcare is no exception. Among them are.

Healthcare 85

Healthcare Technical Review Software Review Systems Review 85

Altexsoft

SEPTEMBER 14, 2021

Unfortunately, railways are not integrated into the travel ecosystem as airlines, hotels, rental cars, or even cruises are. Actively applied in airline and hotel businesses, it can be just as successfully implemented for rail operators. The current state of railway reservation technology. Price sensitivity analysis.

Training 59

Training System Airlines Travel 59

Zensar

OCTOBER 8, 2018

Video Indexer – It is built using Azure Media Analytics, cognitive services & Azure Search. Text Analytics – It works on text data and functions such as sentiment analysis, language detection and key phrase extraction. Bing Entity Search – This API mainly returns local results like hotel, restaurants etc.

Azure 40

Azure Video Artificial Inteligence Machine Learning 40

Sunflower Lab

MARCH 25, 2024

They become the clear and transparent view for your business, allowing the analysis of the state of affairs from different perspectives and with the aid of various indicators. Its adaptability enables smooth integration with different data sources, interactive displays, and thorough data analytics.

Metrics 52

Metrics Trends Analysis Technical Review 52

Altexsoft

JANUARY 17, 2023

Analytics and revenue management – managing companies monitor performance of properties under their control and use various revenue management strategies to maximize profits (e.g., Data providers and business intelligence tools. Business intelligence (BI) is crucial for any organization that wants to develop.

Company 52

Company Strategy Technical Review Software Review 52

Altexsoft

JULY 20, 2023

Hotel management software must allow staff to manage incoming reservations, create and manage rate plans, accept payments, generate reports, etc. Business intelligence applications must include various data management and visualization features, interactive options, analytical capabilities, and so on.

Software Development 40

Software Development Software Review Software Development 40

Strategy Driven

MARCH 18, 2011

Another is that we wake up to reality, challenge the short-term profit demands of Wall Street, get strategic and build our businesses for sustainable growth. SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market.

Tools 22

Tools Budget Innovation Hotels 22

Altexsoft

MARCH 24, 2022

Let’s be honest, for many hotels, payment functionality is not a priority. But if you work in the hospitality business, you must have noticed that the way people book and pay for hotels has changed, especially since the start of the pandemic. Hotel payments challenges. It works and that’s what matters, right?

Hotels 52

Hotels B2B Technical Review Travel 52

Altexsoft

JANUARY 19, 2022

It means that people want to travel responsibly, so hotels, airlines, and tour companies have to keep up and satisfy their customers (and attract new ones). Sustainability in hotels and hospitality industry. To learn more about IoT, automation, and other smart hotel technologies, check our recent post. Here are some examples.

Travel 95

Travel Sustainability Technical Review Airlines 95

Altexsoft

DECEMBER 10, 2019

Similar to hotels , airlines strive to maximize their revenue by “selling the right seats to the right passengers for the right price and at the right time.” Airlines can also take advantage of pricing add-ons, loyalty solutions, built-in analytics, and revenue reports. Revenue management system. Navitaire New Skies.

Airlines 18

Airlines Systems Review System Travel 18

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?

Artificial Inteligence 52

Artificial Inteligence Machine Learning Data Systems Review 52

Altexsoft

NOVEMBER 8, 2019

t-Retail is integrated with GDSs, hotel chains, bed banks, aggregators, car hire, activities, and events. It optimizes revenue through predictive analytics and business intelligence. OpenJaw Tech is known for supporting such big brands as British Airways, Iberia, Hong Kong Airlines, etc. Integration with aggregators.

Airlines 20

Airlines Travel Retail Transportation 20

Dion Hinchcliffe's Web 2.0 Blog

AUGUST 31, 2011

The move connects their core strengths to social computing even better than Chatter did before, while putting them into the Social CRM business in a significant way. The new Chatter now has customer groups and social analytics features and more. In other words: Social analytics and social business intelligence ( my take on this.).

Social 72

Social Enterprise Network Mobile 72

Altexsoft

DECEMBER 9, 2020

Still, today, according to Deloitte research, insight-driven companies are fewer than those not using an analytical approach to decision-making, even though the majority agrees on its importance. What is analytics maturity model? They also serve as a guide in the analytics transformation process. Stages of analytics maturity.

Analytics 102

Analytics Technical Review Technology Applications 102

Altexsoft

APRIL 8, 2022

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? We’ve long advocated for the hospitality business to adopt revenue management as their main strategy for succeeding in the current market. What is rate shopping and rate intelligence? Not exactly.

Hotels 59

Hotels Comparison Travel Systems Review 59