Altexsoft

SEPTEMBER 19, 2018

A hotel jam-packed with people isn’t always a profitable hotel. The hallmark of a successful hospitality business is the revenue. Hotels employ various revenue management techniques and strategies aimed at increasing the bottom line. Compared to airlines, revenue management in hotels evolves slowly. rooms) sold.

Hotels 66

Hotels Travel KPI Analysis 66

Altexsoft

AUGUST 13, 2020

And hospitality is no exception: the hotel industry operates large amounts of data by its nature. As business grows, these become impossible to analyze and keep track of manually or using spreadsheets. Business intelligence (BI) exists to address the problem of capturing and understanding data. Hotel data sources.

Business Intelligence 59

Business Intelligence Hotels Technical Review Technology 59

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. The provider must issue a ticket (in case of airlines) or send a booking confirmation (hotels). Receiving a confirmation.

Travel 89

Travel Systems Review System Hotels 89

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

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

MARCH 23, 2022

In today’s digital world, it’s practically impossible without the right software. 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.

Software Review 52

Software Review Technical Review Engineering Software 52

Altexsoft

JANUARY 24, 2023

That’s why most hotel management systems today are open to partnerships with independent software vendors to easily expand their capabilities and satisfy clients. Application Programming Interfaces (APIs) are pieces of code connecting two software tools together. Typically, via APIs.

Hotels 52

Hotels Technical Review How To Data 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

SEPTEMBER 6, 2018

An expert talking about the capabilities of predictive analytics for business on a morning TV show is far from unusual. Due to a surfeit of information about AI and big data on the Internet, companies can assume that data analysis is the solution for most of their data-related issues. Capterra ) even specialize in software research.

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

SEPTEMBER 25, 2020

Today, EHR software providers typically complement these basic features with practice management modules — including. In Atlanta, the first EHR and practice management software vendor — Eclipsys Corporation — appeared in 1995. This encompasses appointment management, medical transcription, coding services, and data analytics.

Healthcare 85

Healthcare Technical Review Software Review Systems Review 85

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

JULY 20, 2023

In software development, requirements play a crucial role of a project’s North Star, guiding the entire process toward the final goal, so it’s important to understand them and document them properly. In other words, they describe what exactly the software product must do under normal conditions to meet the user’s needs.

Software Development 40

Software Development Software Review Software Development 40

Altexsoft

MAY 14, 2021

Due to this, data veracity is commonly classified as good, bad, and undefined. The concept of Big Data isn’t new: It has been the desired fruit for several decades already as the capabilities of software and hardware have made it possible for companies to successfully manage vast amounts of complex data. Data storage and processing.

Big Data 78

Big Data Analytics Tools Applications 78

Altexsoft

SEPTEMBER 21, 2023

This is particularly useful in large-scale applications, like searching through a worldwide database of hotels or customer reviews. For instance, you could have different indices for Hotels, Guests, and Bookings in the hospitality industry. Having replica shards ensures your data is not lost if a node fails.

Weak Development Team 52

Weak Development Team Analytics Engineering Development Team Review 52

Altexsoft

JANUARY 17, 2023

Both companies grew from small local property management businesses into multi-million companies managing thousands of vacation rentals due to their franchise programs. Software is one of the main investments your company has to make to be successful in this market – especially if you think of scaling. Diversify distribution.

Company 52

Company Strategy Technical Review Software Review 52

Sunflower Lab

MARCH 25, 2024

Let’s examine its exceptional characteristics along with some Power BI dashboard examples that support the creation of insightful executive dashboards personalized to your business needs. Power Up Your Business Intelligence with Power BI Turn complexity into clarity with our user-friendly Power BI solutions.

Metrics 52

Metrics Trends Analysis Technical Review 52

Altexsoft

MARCH 24, 2022

Let’s be honest, for many hotels, payment functionality is not a priority. Once integrated, the payment gateway or processing solution isn’t customarily upgraded or reviewed. Hotel payments challenges. Currently, there are four main areas where hotels experience shortcomings with their payment technology.

Hotels 52

Hotels B2B Technical Review Travel 52

Altexsoft

JANUARY 19, 2022

Greenhouse gases (tourism is responsible for around 8 percent of global carbon emissions, three-quarters of which is due to aviation), local resource overuse (e.g., 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).

Travel 95

Travel Sustainability Technical Review Airlines 95

Altexsoft

DECEMBER 10, 2019

As late as last summer British Airways canceled more than 100 of their flights and delayed another 200 because of IT outages that involved two components of their passenger service software — one that was responsible for online check-in and the other that managed flight departure. And that episode was not a one-off.

Airlines 18

Airlines Systems Review System Travel 18

Altexsoft

JUNE 26, 2023

Data collection is a methodical practice aimed at acquiring meaningful information to build a consistent and complete dataset for a specific business purpose — such as decision-making, answering research questions, or strategic planning. Here, we’ll review the most common technologies streamlining data gathering.

Artificial Inteligence 52

Artificial Inteligence Machine Learning Data Systems Review 52

Altexsoft

DECEMBER 9, 2020

We will describe each level from the following perspectives: differences on the operational level; analytics tools companies use to manage and analyze data; business intelligence applications in real life; challenges to overcome and key changes that lead to transition. Ground level of analytics. Descriptive analytics.

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