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...
Data, ratios, KPIs… Do we use all of them properly?
There is no doubt that today we are invaded by KPIs, ratios and data that show the hotel performance, revealing our strategies. They are essential to be able to adjust the optimization, however, not always was that easy in Revenue Management. At the beginning of the...