Altexsoft

SEPTEMBER 19, 2018

A hotel jam-packed with people isn’t always a profitable hotel. Hotels employ various revenue management techniques and strategies aimed at increasing the bottom line. Compared to airlines, revenue management in hotels evolves slowly. What is hotel revenue management? Dynamic pricing strategies for hotels.

Hotels 66

Hotels Travel KPI Analysis 66

Altexsoft

DECEMBER 9, 2020

In this article, we will discuss how companies collect, manage, and get value out of their data, which technologies can be used in this process, and what problems can be solved with the help of analytics. Different technologies and methods are used and different specialists are involved. What is analytics maturity model?

Analytics 102

Analytics Technical Review Technology Applications 102

Altexsoft

SEPTEMBER 16, 2020

A host travel agency is an accelerator,” — explains the idea Ernesto Sigg Rodríguez, Chief Commercial Officer at Fitbooktravel , that provides technology consulting services for online travel businesses. “As Technology solutions. Also, small host agencies acquire fewer benefits from suppliers — due to a modest volume of sales.

Travel 111

Travel Software Review Airlines Hotels 111

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

Apiumhub

MARCH 16, 2021

Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations. It has become a necessary tool in the era of big data. Process mining. Complex event processing. Benchmarking.

Business Intelligence 118

Business Intelligence Tools Artificial Inteligence Technical Review 118

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. And to support them in that, OTAs have to step up their technology game as well. Hotel connection via Extranet.

Travel 89

Travel Systems Review System Hotels 89

Altexsoft

AUGUST 13, 2020

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. Business intelligence in hotels: sources of data and components. Hotel data sources. Hotel Property Management System modules.

Business Intelligence 59

Business Intelligence Hotels Technical Review Technology 59

O'Reilly Media - Ideas

APRIL 22, 2020

As a privacy leader in the technology space, Apple knows this well and has benefited from a strong reputation as a data steward. For one, the law often lags behind technology and user expectations. Organizations that simply follow the rules will be sideswiped by rapidly changing technology and user expectations.

Data 128

Data Compliance Technical Review Software Review 128

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 Artificial Inteligence 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. Every business deals with inventory one way or another.

Software Review 72

Software Review Technical Review Software Technology 72

Altexsoft

MARCH 28, 2022

In this article, we’ll focus on short-term rental data sourcing and analysis, and share our experience gained from cooperation with Japan’s largest booking platform Rakuten Travel , vacation rental market data provider Key Data , and other tech partners. Why rental data is important and where to get it. How does data come in useful?

Analysis 52

Analysis Data Software Review Technical Review 52

Apiumhub

MAY 26, 2022

Enjoying a privileged location in modern, cosmopolitan Barcelona, the CCIB can be found within the city’s new business and technology district, known as 22@. The CCIB is equipped with the very latest technology. In addition to technical talks and hands-on workshops, it will be fun! About Software Architecture Metrics book.

Technical Review 52

Technical Review Software Review Technical Advisors Architecture 52

Altexsoft

JANUARY 17, 2020

At a glance, Eric urges entrepreneurs to pay due regard to the startup management. Innovation accounting: define and keep in mind the metrics specific to your business model. Come up with a baseline of metrics. Also, Intuit introduced a customer benefit metric measuring how your product is improving your customer’s life.

Off-The-Shelf 20

Off-The-Shelf Metrics Minimum Viable Product Innovation 20

Terry Starbucker

APRIL 3, 2016

The tech I was going to hitch a ride with was named Larry. With Larry and his customer service experience fresh on my mind, I traveled to Billings, Montana for some regional management meetings, and scheduled one of my usual 8AM chats with the local technical staff. Finally, let’s review the 7 Values – OK, let’s run them down.

Leadership 100

Leadership Technical Review Hotels Internet 100

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

APRIL 24, 2019

Such a pricing strategy can lead to bad reviews, complaints, or worse. The expert recalls cases when clients were charged preposterous fees for short rides due to extremely high demand, for instance, during the New Year’s Eve. Before, we discussed best revenue management practices for hotels ). says Shartsis. KPI-driven pricing.

Artificial Inteligence 73

Artificial Inteligence Machine Learning Software Review Retail 73

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. Revenue management.

Hotels 52

Hotels How To Systems Review Software Review 52

Altexsoft

DECEMBER 30, 2020

This goal can hardly be achieved manually, without proper technologies. Real-time driver (fleet) tracking leverages GPS technology and drivers’ smartphones to ensure fleet visibility. A data dashboard displays all key performance indicators (KPIs) and metrics to monitor operations and optimize services.

Transportation 52

Transportation Technical Review Technology Retail 52

Altexsoft

SEPTEMBER 13, 2023

Say you’re a CTO or software engineer in the hospitality industry, and you’re integrating a generative AI chatbot to answer staff queries about your hotel’s Property Management System (PMS). Conduct A/B tests , track metrics, and optimize prompts based on real-world feedback and machine outputs. Understanding of NLP.

Engineering 59

Engineering Artificial Inteligence Generative AI Technical Review 59

Netflix Tech

DECEMBER 2, 2019

Julie (Novak) Beckley, Andy Rhines, Jeffrey Wong, Matthew Wardrop, Toby Mao, Martin Tingley Ever wonder why Netflix works so well when you’re streaming at home, on the train, or in a foreign hotel? They need to understand whether there was a meaningful improvement or if their A/B test results were due to noise.

Data 58

Data Metrics Video Testing 58

Altexsoft

SEPTEMBER 19, 2023

Company’s booking website and mobile app allow you to track and collect a wealth of data, from web traffic information to user behavioral metrics (session duration, navigation paths, etc.), Learn more about the functions of internal systems with our dedicated articles about hotel property management systems and passenger service systems.

Travel 52

Travel Analytics Examples Airlines 52

Netflix Tech

DECEMBER 2, 2019

Julie (Novak) Beckley, Andy Rhines, Jeffrey Wong, Matthew Wardrop, Toby Mao, Martin Tingley Ever wonder why Netflix works so well when you’re streaming at home, on the train, or in a foreign hotel? They need to understand whether there was a meaningful improvement or if their A/B test results were due to noise.

Data 57

Data Metrics Video Testing 57

Altexsoft

JANUARY 21, 2022

In case a PoC is technically developed, it can be also called a feasibility prototype, which we will talk about further. Feasibility prototype – Testing technical limitations. New technology. Our sentiment analysis tool for aggregating hotel reviews is a good example. Comparing functional prototypes.

Software Review 52

Software Review Software Technical Review How To 52

Instaclustr

OCTOBER 14, 2019

Three of the Open Source technologies that Instaclustr provides as managed services are Apache projects, Cassandra , Kafka , and Spark , so ApacheCon is an obvious choice of destination for Instaclustr to attend (as sponsors) and speak at this year. ApacheCon is being held in the Flamingo Casino/Hotel in Las Vegas. Destination Paris?

Technical Review 36

Technical Review Technology Report Open Source 36

Daniel Bryant

JUNE 9, 2023

This included a lot of what we would call “guerrilla marketing” or “growth hacking” at events, such as sponsoring the hotel room keycards, handing out “Brex-fast” burritos, and scheduling magic shows at a sponsored booth.

CTO Coach 52

CTO Coach Metrics Weak Development Team Hotels 52

Altexsoft

FEBRUARY 15, 2022

We’ve touched on the topic of website localization earlier, and in this article, we want to dive deeper into the technicalities of an adaptation process and share our experience of adjusting travel platforms to foreign markets. Hotel content. GIATA is the biggest aggregator and provider of hotel content. Source: Eriksen.

Travel 52

Travel Hotels Technical Review Systems Review 52

Sunflower Lab

MARCH 25, 2024

Key Metrics for Your Power BI Executive Dashboard The starting point of any executive dashboard in Power BI is to identify and highlight the metrics that truly drive your business. For most organizations, these key metrics can be divided into three broad categories.

Metrics 52

Metrics Trends Analysis Technical Review 52

Netflix Tech

DECEMBER 2, 2019

Julie (Novak) Beckley, Andy Rhines, Jeffrey Wong, Matthew Wardrop, Toby Mao, Martin Tingley Ever wonder why Netflix works so well when you’re streaming at home, on the train, or in a foreign hotel? They need to understand whether there was a meaningful improvement or if their A/B test results were due to noise.

Data 52

Data Metrics Video Testing 52

Altexsoft

SEPTEMBER 21, 2023

This endeavor would unwittingly plant the seeds for Elasticsearch, a technology that today drives data search and analytics for businesses around the globe. But like any technology, it has its share of pros and cons. Analysis of logs, metrics, and security events.

Weak Development Team 52

Weak Development Team Analytics Engineering Development Team Review 52

Altexsoft

MAY 14, 2021

Due to this, data veracity is commonly classified as good, bad, and undefined. On top of that, new technologies are constantly being developed to store and process Big Data allowing data engineers to discover more efficient ways to integrate and use that data. It’s widely applied in fraud detection activities.

Big Data 78

Big Data Analytics Tools Applications 78

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. Corporate travel management comes with its unique set of needs and challenges. Supplier selection.

Travel 52

Travel B2B Off-The-Shelf Hotels 52

Instaclustr

OCTOBER 14, 2019

Three of the Open Source technologies that Instaclustr provides as managed services are Apache projects, Cassandra , Kafka , and Spark , so ApacheCon is an obvious choice of destination for Instaclustr to attend (as sponsors) and speak at this year. ApacheCon is being held in the Flamingo Casino/hotel in Las Vegas. Destination Paris?

Technical Review 28

Technical Review Technology Report Open Source 28

Trigent

MARCH 25, 2022

Gartner recently announced the top technology trends for 2022 to enable organizations to deliver growth, digitalization , and efficiency for the next three to five years. Organizations are now working towards delivering an excellent TX by integrating technologies to break down silos. TX in action.

Artificial Inteligence 52

Artificial Inteligence Retail Technical Review Trends 52

Altexsoft

JUNE 30, 2022

So, to prevent people from leaving, you must regularly review your customers’ pain points and offer solutions to them. We will further talk about how to approach pain point analysis and review and to relieve pain points altogether. Promise better performance by using modern technology and speed optimization practices.

How To 52

How To Systems Review Software Review Technical Review 52

LeanEssays

AUGUST 19, 2015

Let’s consider the friction involved in taking a taxi from an airport to a hotel. I also bring enough local currency to pay for a taxi ride to my hotel and check on whether a tip is expected. It is true that there is tension between different disciplines: front end and back end; dev and ops; product and technology.

Software Review 71

Software Review Weak Development Team Government Banking 71

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

SEPTEMBER 14, 2023

A well-known example from the world of big tech is Microsoft, whose revenue comes from a variety of sources, including Office products and services, Azure and other cloud services, gaming, search advertising, and more. In addition, Tesla heavily invests in R&D and is now becoming a rightful player in the AI and tech market.

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Examples Advertising Retail eCommerce 52