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

MAY 23, 2023

Revenue Per Available Room, or RevPAR, has emerged as a crucial key performance indicator (KPI) for assessing a hotel’s financial well-being and prosperity. This significant metric enables hotel owners to evaluate their property’s performance by considering both occupancy rates and average daily rates (ADR).

Hotels 59

Hotels KPI Artificial Inteligence Strategy 59

Altexsoft

AUGUST 2, 2021

Today, a hotel concierge is the person whose job is to assist the guest with any request or problem — be it arranging a manicure, an urgent dry cleaning, or a pet walk. So, let’s explore the opportunities to improve customer satisfaction and other benefits concierge software can bring to your hotel. What is a virtual concierge?

Hotels 64

Hotels Software Review Software Technical Review 64

CTOvision

JANUARY 21, 2014

Symposium topics include the technology landscape of data science, ways to improve analytics, and better ways to approach and manage datasets. It is set apart from related symposia by our emphasis on advancing data science technologies through: Benchmarking of complex data-intensive analytic systems and subcomponents.

Technical Review 112

Technical Review Data Hotels Analytics 112

Altexsoft

OCTOBER 12, 2023

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? Learn more about hotel revenue management in our video. Revenue management software for hotels is generally flexible.

Hotels 52

Hotels Systems Review System Software Review 52

Altexsoft

FEBRUARY 21, 2023

Hotel price prediction is a critical aspect of the travel industry, and with the rise of machine learning , it has become more precise and accurate. The key objective behind this task is to set the best booking prices to entice customers and ensure that hotels take full advantage of their business potential.

Hotels 52

Hotels Machine Learning Artificial Inteligence Travel 52

Apiumhub

MARCH 16, 2021

Online analytical processing. Predictive analytics. Prescriptive analytics. Airlines and hotel chains are big users of BI for things such as tracking flight capacity and room occupancy rates, setting and adjusting prices, and scheduling workers. Business intelligence use cases. Dashboard development. Data mining.

Business Intelligence 118

Business Intelligence Tools Artificial Inteligence Technical Review 118

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

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. Analytics – metrics and reports about business, customers, and employees. Hotel connection via Extranet.

Travel 89

Travel Systems Review System Hotels 89

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.

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Travel Sustainability Technical Review Airlines 95

CIO

MAY 24, 2023

Choice Hotels, the Maryland-based multinational hotel chain, is a $10 billion, 80-year-old hospitality company with about 7,500 hotels in 46 countries. On the cloud journey: Choice Hotels has a big footprint as a technology firm. Sustainability is one of our main drivers,” says Kirkland.

Sustainability 78

Sustainability Hotels Cloud Energy 78

Cloudera

MARCH 3, 2022

Whether the enterprise uses dozens or hundreds of data sources for multi-function analytics, all organizations can run into data governance issues. stemmed from a 2018 data breach, when the global hotel chain’s 339 million customers’ data was exposed. Everyone Fails Data Governance. In 2019, the U.K.’s In 2019, the U.K.’s

Government 100

Government Enterprise Systems Review Data 100

Altexsoft

SEPTEMBER 19, 2023

Beyond its fundamental role in elevating customer experience, travel analytics has a valuable impact on revenue growth and cultivating a competitive edge. This article explores the influence of analytics on marketing strategies, revenue management, guest personalization, and other aspects of the travel industry.

Travel 52

Travel Analytics Examples Airlines 52

Altexsoft

AUGUST 13, 2020

Data analytics is one of the key directions for digital transformation in various industries, travel included. And hospitality is no exception: the hotel industry operates large amounts of data by its nature. Today, we’ll look at the specifics of using BI in the hotel industry. Hotel data sources.

Business Intelligence 59

Business Intelligence Hotels Technical Review Technology 59

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

Cloudera

MARCH 17, 2023

Align everything to corporate strategy I lead data and analytics at Cloudera. We’re called Cloudera Data Analytics (CDA). Prior to forming the group, it was imperative to understand Cloudera’s corporate strategy: corporate objectives, product strategy, go-to-market strategy, key metrics and KPI. How very clever.

Data 80

Data KPI Analytics Hotels 80

Altexsoft

JUNE 21, 2023

The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance, and for a reason. It is a hotel performance metric representing the average revenue earned for each room rented out in a hotel over a certain period. Example 1: Small boutique hotel.

KPI 52

KPI Hotels Strategy Machine Learning 52

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

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

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. Stakeholders — from property owners to managers to housekeeping staff — use this metric to make informed decisions and increase revenue per room or property. After all, it’s not 100 percent.

Hotels 52

Hotels Machine Learning Artificial Inteligence KPI 52

Altexsoft

APRIL 30, 2021

OPERA by Oracle is a robust property management system for hotels of any sizes, allowing them to centralize the control over all operations and provide greater customer experience online and offline. In the perfect world, a hotel goes directly to the PMS provider, gets the software, and lives happily ever after. Reports and analytics.

Hotels 52

Hotels How To Systems Review Software Review 52

Altexsoft

AUGUST 9, 2023

It’s a systematic approach to handling various travel operations such as hotel bookings, flight tickets, travel policies, and reporting with the aim of cost control, adherence to corporate policies, and employee comfort and safety. Their interaction is centered around reporting, analytics, and oversight features.

Travel 52

Travel B2B Off-The-Shelf Hotels 52

Sunflower Lab

MARCH 25, 2024

Closely linked to Power BI, Power BI analytics is the most powerful and efficient tool that enables you to not only view data but also uncover trends, identify opportunities, and model your organization to become more effective and successful. For most organizations, these key metrics can be divided into three broad categories.

Metrics 52

Metrics Trends Analysis Technical Review 52

Altexsoft

DECEMBER 14, 2020

For analytical purposes, you can use data warehouses. Each post contains some metrics like shares or hashtags that can be quantified and structured. Storages for analytical use: data lakes vs data warehouses. Such data can only be used for its intended purpose. The travel agency Facebook post: an example of unstructured data.

Data 93

Data Artificial Inteligence Storage Analytics 93

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. It unfolds as follows: A supplier (for example, an airline or hotel) sets the final prices (gross rates) and passes them to an OTA. How an agency model and merchant model differ.

Engineering 52

Engineering Hotels Travel .Net 52

Altexsoft

APRIL 24, 2019

Businesses can set up a product to align pricing recommendations with performance metrics of interest, for instance, margin, turnover or profit maximization, inventory optimizations, etc. Before, we discussed best revenue management practices for hotels ). says Shartsis. KPI-driven pricing.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Strategy Driven

APRIL 27, 2023

Measuring ROI from personalized content campaigns and customer experiences is not always easy, but it is possible if you use the right metrics and analyze them correctly. Of course, analytics tools should also be used to identify any areas that may need improvement. How Can You Measure ROI from Personalization?

.Net 40

.Net Metrics Hotels Analytics 40

AWS Machine Learning - AI

NOVEMBER 22, 2023

You marked your calendars, you booked your hotel, and you even purchased the airfare. Learn how to utilize your datasets using Amazon SageMaker and Amazon Bedrock as well as popular frameworks like PyTorch with AWS compute, storage, and analytics. Yes, the AWS re:Invent season is upon us and as always, the place to be is Las Vegas!

Generative AI 132

Generative AI Artificial Inteligence AWS Machine Learning 132

Altexsoft

FEBRUARY 15, 2022

As a hotel, airline, OTA, or other company that works with travelers, you have to translate and customize all the elements of your digital product: Customer-facing content ( descriptions, landing pages, blog materials, FAQs and help desks , the “About us” section, terms and conditions, contacts, marketing and advertising materials etc.);

Travel 52

Travel Hotels Technical Review Systems Review 52

Altexsoft

JANUARY 21, 2022

Our sentiment analysis tool for aggregating hotel reviews is a good example. They ended up using a convolutional neural network for scoring hotels and a hierarchical attention based position-aware network to score amenities within hotels. Generate real analytics. High-fidelity user prototypes – Simulating user experience.

Software Review 52

Software Review Software Technical Review How To 52

DataRobot

JUNE 24, 2022

Thanks to the increasingly rapid evolution of AI and advances in machine learning, the real estate industry has a more vivid picture of future risk and opportunities across all different market segments: offices, residential, retail, logistics, hotels, OPRE and data centers. Unleash the Power of AI. And what has blocked them from doing so?

Real Estate 52

Real Estate Machine Learning Artificial Inteligence .Net 52

Battery Ventures

AUGUST 20, 2019

Or for people to rent out their spare bedrooms (later, entire apartments and houses) as hotel rooms? Our advice is to maintain analytical rigor in collecting operational data (i.e. Before Uber, who knew there was a vast market for people to use their own cars as taxis? Build defensive “moats” and continue to reinforce them.

Real Estate 12

Real Estate Software Review Marketing Construction 12

Altexsoft

NOVEMBER 1, 2023

NER example Consider the sentence: “Mary from the HR department said that The Ritz London was a great hotel option to stay in London.” For instance, NER can quickly extract company names, stock prices, and economic metrics in a news article, turning lengthy narratives into concise summaries. And this can go a long way.

Artificial Inteligence 52

Artificial Inteligence Machine Learning Systems Review Training 52

Altexsoft

JUNE 2, 2021

However, if you are, say, a hotel, a law firm, or a daycare, you probably don’t have a problem counting your office supplies, towels, light bulbs, or furniture items and don’t need a sophisticated inventory management solution to maintain records and support the reordering process. Reporting and analytics.

Software Review 72

Software Review Technical Review Software Technology 72

Instaclustr

OCTOBER 14, 2019

ApacheCon is being held in the Flamingo Casino/Hotel in Las Vegas. Las Vegas is the pinnacle of artificiality, and scale (the Venetian is the largest hotel in the world!). Cassandra Prometheus Exporter, exporter for Cassandra metrics, fast (134ms!), programming language, starts with “J”, type of coffee, etc.)

Technical Review 36

Technical Review Technology Report Open Source 36

Altexsoft

OCTOBER 5, 2022

Definitely, a concrete list of responsibilities depends on a specific venue and its size (sometimes there might even be multiple locations), i.e., a convention center, a theater, a stadium, a hotel, or any other hosting location. Administrative module: invoicing, reporting, and analytics. But here’s what venue managers usually do.

Software 52

Software Off-The-Shelf 3D Weak Development Team 52