?? Did you know that adapting to tech advancements in the hospitality industry can be a game changer for your hotel’s bottom line? In the latest episode of the Hotel Moment podcast, Revinate's CEO Bryson Koehler dives deep into the importance of harnessing data effectively. ??? He emphasizes that technology should simplify the complexities of data and amplify its potential to drive real results. Here are the key takeaways: - ?? Think Data-Driven: Today's hoteliers must operationalize data, transforming insights into action to improve guest experiences and their hotel's profitability. - ?? Unified Platforms: By integrating various technologies, hotels can create a singular view of guest interactions, facilitating more effective marketing and service delivery. - AI Advancements: Embracing AI not only streamlines operations but also personalizes guest interactions, increasing guest satisfaction and direct bookings. Revinate is at the forefront of this revolution, providing hoteliers with a robust Customer Data Platform that makes these connected experiences possible. ? As Bryson stated, “We need partners who can help us transform data into valuable insights and direct bookings.” Are you ready to elevate your hotel’s operations with data intelligence? Let’s engage in the conversation! How is your property leveraging technology to boost efficiency? Share your thoughts below! ?? #HotelTech #DataDriven #Revinate #DirectBookings Image source: Karen Stephens
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??Beyond Room Rates: The New Frontier of Hospitality Revenue?? Did you know? Hotels using advanced revenue management systems can see up to a 10% increase in RevPAR (Revenue Per Available Room). The landscape of revenue management in hospitality has transformed dramatically over the past decade. Gone are the days of static pricing and guesswork. Today's revenue managers are data scientists, using AI and machine learning to predict demand and optimise pricing in real-time. Key trends shaping the future of hospitality revenue management: 1. Dynamic Pricing: Adjusting rates based on real-time demand, competitor pricing, and other factors. 2. Total Revenue Management: Looking beyond room revenue to optimise profits from all hotel services. 3. Personalised Pricing: Tailoring offers to individual guests based on their behavior and preferences. At iWagstaff Hospitality, we're at the forefront of these innovations, helping our clients maximise revenue while enhancing guest satisfaction. What's your take on the future of revenue management in hospitality? Share your thoughts below! #RevenueManagement #Hospitality #HotelTech #DynamicPricing #HospitalityBusiness #TravelTech #HotelRevenue #HospitalityIndustry #HospitalityTrends #iWagstaff
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?? ???????????????? ???????? ???? ?????? ?????????????????????? ????????????????! Future Hospitality Ventures has launched a cutting-edge AI-driven initiative set to transform the $300 billion hospitality market. This bold move is designed to leverage artificial intelligence to revolutionize guest experiences, operational efficiency, and customer engagement. The initiative will empower businesses in the hospitality sector to better anticipate customer needs, deliver personalized services, and streamline back-end processes. With AI at the forefront, Future Hospitality Ventures is paving the way for a more efficient, cost-effective, and customer-centric approach in an industry that thrives on personal connections and quality service. By integrating advanced technology into daily operations, businesses can not only improve profitability but also enhance guest satisfaction—meeting the expectations of today’s tech-savvy travelers. This strategic innovation aims to future-proof the hospitality market, ensuring businesses stay competitive and relevant in an ever-evolving digital landscape. Future Hospitality Ventures’ vision is to create smarter, more responsive environments where guests feel truly valued and connected. Don’t miss out on this AI-powered transformation. The future of hospitality is here, and it's driven by intelligence! ?? Read more here: https://lnkd.in/gszZXRV5 #HospitalityInnovation #NGTF #FutureOfHospitality #CustomerExperience #HospitalityTech #BusinessGrowth #AIRevolution
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As we look toward the future of the hospitality industry, it’s clear that technological advancements will revolutionize how hotels manage and optimize their pricing strategies. Here’s what we envision to be on the horizon: ?? Increased Automation and AI Integration - Expect smarter, faster AI systems that streamline the collection and analysis of competitive rate data. ?? Personalization of Offers - Tailoring pricing strategies to individual guest profiles will become the norm, enhancing guest satisfaction and loyalty. ?? Real-Time Pricing - With advancements in technology, hotels will adopt real-time pricing adjustments to react instantly to market changes and competitor moves. ?? Integration with Other Technological Solutions - Rate shopping tools will seamlessly integrate with wider hotel management ecosystems for more coordinated operational strategies. ?? Expansion of Predictive Capabilities - Enhanced predictive models will provide deeper insights into future demand patterns, enabling more accurate and strategic pricing decisions. These innovations promise to make hotel rate shopping, like RateIntel.io, more dynamic and data-driven. What's your opinion on this ? #HotelManagement #RevenueManagement #HospitalityIndustry #RateShopping #FutureTrends #Innovation
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4 Reasons to Choose Servr HotelX for Your Hotel ?? Hyper-Customizable Platform: Tailor the software to meet your hotel’s unique needs, no matter the size. ?? AI-Enabled Automation: Reduce staff workload with intelligent automation, allowing your team to focus on what they do best. ?? Real-Time Guest Analytics: Gain valuable insights into guest behavior and preferences to offer personalized services. ?? Seamless Integration: Easily integrate with over 4,400+ PMS globally, ensuring smooth operations across all systems. ?? Transform your hotel’s operations and guest experience with Servr HotelX. ?? Learn more: https://servrhotels.com/ #Hospitality #HotelManagement #DigitalTransformation #AI #GuestExperience #HotelTech #CustomerService #Innovation #Servr #Efficiency #HospitalityIndustry #HotelSolutions #ServiceExcellence #OperationalExcellence #GuestAnalytics
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???Transforming Hospitality with MyRatesMagic!??? We're excited to share the success story of?MyRatesMagic, a revolutionary hotel management system developed in partnership with Builder.ai. In less than four months, we helped founder Richard Bedenham bring his vision to life, creating a platform that has drastically improved operational efficiency for hotels. Key highlights of MyRatesMagic include: - 99% Reduction in Price Distribution Errors: Hotels can now manage their pricing strategies with unparalleled accuracy. - Intuitive User Experience: The web-based system provides complete oversight, allowing users to easily calculate and manage daily pricing for their properties. - Scalable Solution: Designed to grow with the business, MyRatesMagic includes a built-in subscription platform that generates a new revenue stream. Richard's journey illustrates the power of collaboration. After facing challenges with previous development attempts, he turned to Builder.ai for a solution that was 6x faster and 70% more cost-effective. With MyRatesMagic, small and medium-sized hotels can now streamline their operations and enhance their service offerings. #BuilderAI #AI #MyRatesMagic #Hospitality #Innovation #CaseStudy #DigitalTransformation
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I recently came across an insightful article that dives into the ?????? ?????? ???? ?????????????????????? ????????????????????. It’s incredible how the landscape is evolving, and I couldn't help but reflect on how crucial this transformation is for our industry. From AI-driven personalization to the seamless integration of cloud-based systems, technology is reshaping guest experiences and hotel operations like never before. What excites me the most is the potential for sustainability, efficiency, and unparalleled guest satisfaction. Here are a few key takeaways: - ???? ?????? ??????????????????????????????: Leveraging data to offer tailored guest experiences. - ????????????????????????????: Green tech innovations that help reduce our environmental footprint. - ????????????????????: Streamlining operations to improve efficiency and service delivery. - ?????????????????????? ????????????????: Enhancing convenience while prioritizing health and safety. These advancements are not just trends; they are paving the way for a future where technology enhances every aspect of hospitality, making it more sustainable, efficient, and guest-focused. As we continue to embrace these changes, it’s crucial for hospitality leaders to stay ahead by adopting and integrating these technologies into our operations. ??Let’s share ideas and insights in the comments! #hospitalitytechnology #innovationinhospitality #ai #sustainability #futureofhospitality #hotelmanagement #techinhotels #hospitality #hospitalityindustry #explore #linkedinfam
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?? Imagine a family-run boutique hotel, facing the challenge of maintaining its cherished personal touch amidst growing demand. Through integrating AI-driven solutions for inbound and outbound communications, this hotel now offers personalized guest experiences around the clock. Gone are the days of missed calls and delayed responses. Now, every guest interaction is an opportunity to impress, understand preferences, and make each stay unforgettable. This transformation not only elevates guest satisfaction but also streamlines operations, allowing staff to focus on what truly matters - creating memorable experiences. ???? AI in hospitality isn't just about automation; it's about enhancing human connections, making every guest feel special, and efficiently managing resources. At Flow AI, we empower businesses like yours to achieve this balance through customized AI solutions. Ready to innovate your guest experiences? ?? Let's talk about how we can transform your hospitality business: https://lnkd.in/ghiPASZX. Discover more at FlowCo.ai. How could AI elevate your guest experience? #HospitalityInnovation #AIPoweredHospitality #GuestExperience #FlowAI #HospitalityTech ?????
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?? In the latest episode of Hotel Moment, Bryson Koehler, CEO at Revinate, returns to join Karen Stephens in discussing the exciting evolution of data strategies in hospitality. Drawing from his wealth of experience, Bryson highlights how guest feedback has evolved from simple surveys to powerful Customer Data Platforms (CDPs) that are reshaping the industry. This evolution speaks volumes about the growing importance of understanding the guest journey. The integration of AI capabilities into data analysis can yield groundbreaking insights that not only enhance marketing efforts but also personalize the guest experience. ?? Don’t miss this episode where we discuss how hotels can leverage these insights for better marketing and improved guest satisfaction. #Hospitality #CDP #RevenueManagement #HotelPodcast
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?? Are you ready to elevate your hotel management strategy? Cloudbeds is about to launch a groundbreaking initiative at the upcoming Passport User Conference, aimed at ushering in the era of "Decision Intelligence" in the hospitality industry! ???? Cloudbeds Intelligence represents the next generation of integrated artificial intelligence and machine learning within the hotel management platform. This innovative toolkit will break down departmental silos and provide real-time, data-informed decision-making capabilities for revenue managers, marketing specialists, general managers, and the operations team. Key Highlights: - ?? Enhanced Forecasting: By leveraging enriched datasets and causal AI, hotel operators will be able to better understand property performance, optimize operations, and ultimately enhance guest experiences. - ??? Seamless Integration: This new platform layer will amplify existing functionalities in revenue management, marketing, and operations through data-driven insights. - ?? Expert Insights: Join industry innovators as they explore how AI is transforming the hospitality landscape from trendy buzzwords to essential operational tools. ?? The Passport User Conference is not just about unveiling Cloudbeds Intelligence; it’s an opportunity for hoteliers across the globe to engage with technology leaders, attend live workshops, and discover the latest trends reshaping the industry. ?? Embrace the future and increase your hotel’s profitability in ways you never imagined. How is your hotel adapting to the challenges of decision-making in this rapidly advancing technological landscape? Share your thoughts in the comments! ??? #HospitalityTech #DecisionIntelligence #Cloudbeds Image source: Cloudbeds
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