Overview
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"[[Hospitality]]" is a crucial and enduring [[sector]]. It continues to grow steadily as [[tourism]] and [[lodging]] become more frequent worldwide<ref>https://online.uc.edu/blog/future-of-hospitality-management/</ref>. With higher [[occupancy]] comes more revenue—but also the need to adapt. To truly maximize profits, especially during both high and low occupancy [[periods]], [[hotel chains]] and [[brands]] must adjust their [[strategies]] accordingly. <ref>https://www.mylighthouse.com/resources/blog/ai-dynamic-pricing-a-secret-weapon-for-independent-hotel-revenue-managers</ref> |
"[[Hospitality]]" is a crucial and enduring [[sector]]. It continues to grow steadily as [[tourism]] and [[lodging]] become more frequent worldwide<ref>https://online.uc.edu/blog/future-of-hospitality-management/</ref>. With higher [[occupancy]] comes more revenue—but also the need to adapt. To truly maximize profits, especially during both high and low occupancy [[periods]], [[hotel chains]] and [[brands]] must adjust their [[strategies]] accordingly. <ref>https://www.mylighthouse.com/resources/blog/ai-dynamic-pricing-a-secret-weapon-for-independent-hotel-revenue-managers</ref> |
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Dynamic Rate Optimization steps in here. It uses data-driven—sometimes [[Artificial intelligence|AI]]-enhanced—pricing models that respond in real time to changes in occupancy, room demand, and even pricing across [[food]] and [[beverage]] services. This approach directly boosts capacity rates and helps fine-tune revenue across all areas of lodging [[activity]]. |
Dynamic Rate Optimization steps in here. It uses data-driven—sometimes [[Artificial intelligence|AI]]<ref>https://www.informatica.com/content/dam/informatica-com/en/collateral/white-paper/artificial-intelligence-for-data-driven-disruption_white-paper_3328en.pdf</ref>-enhanced—pricing models that respond in real time to changes in occupancy, room demand, and even pricing across [[food]] and [[beverage]] services. This approach directly boosts capacity rates and helps fine-tune revenue across all areas of lodging [[activity]]. |
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== Examples == |
== Examples == |