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By offloading repetitive tasks to AI, revenue managers can focus on higher-value activities that require human expertise and critical thinking

Hotels have an incredible opportunity to exceed guest expectations and maximize revenue potential with the help of new-age tools and processes

If you trust your data and tools, the barriers to empowering your your revenue managers to make data-driven decisions should naturally fade away

With an eclectic inventory and a broad range of customer types, they needed revenue management technology that could handle a complex revenue mix

In this era of endless digital progression, the ability to leverage AI and data is a game-changer. And hotel executives possess the power to change the game

Just because an RM system bears an AI moniker in its marketing doesn’t suddenly turn it into a revenue management silver bullet

If your organization is currently using a legacy RMS system, it may not be able to handle the increasing complexity of today’s revenue management challenges

The key to being successful in revenue management is following data trends closely to set the right price for the right guest, AI is perfectly suited to support this hotel function

Those CompSets themselves are being driven by irrelevant factors like employee emotions and outdated RM systems that are not fit for purpose

Hybrids face unique challenges that include complexity of different inventory types in the same building but they also have particularly demanding customers