The pyramid or hierarchy of Revenue Management Needs
In 1943, psychologist Abraham Maslow established a model describing the hierarchy of human needs, ordering them accordingly. This accurate and popular model fits perfectly into the business world and our hotel industry. We can extrapolate the same idea by placing the...
The Revolution of Artificial Intelligence in Revenue Management
The main pillar of Revenue Management is demand forecasting. Anticipate the events certainty reduces uncertainty and allows us to establish strategies that help generate additional revenue. Without accurate demand prediction models supporting our strategies, we would...
Autopilot, is it a good idea?
We live in the age of technology, a moment that does not stop, we continue moving towards a future to discover. The times where we looked for data are gone, analyzing reservation transactions to obtain patterns. Certainly, we invested a large part of our time...