Revenue Management Blog

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Robots in the Travel Industry: 8 Real-World Examples

One of the most exciting technological developments within the travel industry in recent years has been the increased prevalence of robots, with examples ranging from text-based chatbots and front desk robotic assistants, to security robots and robotic travel cases. This article takes a closer look at the way robots are transforming tourism, providing eight real-world examples of their use and examining some of the pros and cons. Understanding Robots Although most of us have a concept of what a robot is, it can be more difficult to clearly define what 'robot' means. Effectively, a robot is a machine, which has

Robots in the Travel Industry: 8 Real-World Examples2018-07-04T12:01:07+00:00

10 Pricing Strategies to Increase Your Hotel Revenue

For those operating in the hotel industry, maximising revenue is a top priority, and achieving this goal often requires the right pricing strategy, at the right time. In fact, making room rate adjustments based on demand, customer segmentation and other factors can be the key to overall business success. In this article, we offer insight into 10 pricing strategies that hotels can adopt in their revenue management strategy in order to increase the amount of revenue they generate. 1. Pricing Strategy Based on Forecasting The single most important pricing strategy for hotels to master is the use of forecasting to

10 Pricing Strategies to Increase Your Hotel Revenue2018-05-04T19:45:36+00:00

How Blockchain Technology is Transforming the Travel Industry

Over recent years, blockchain technology has generated significant excitement within many industries and fields. This is largely because it has the potential to dramatically change the way in which information or data is stored and used, enhancing transparency and security, while also improving transactions. Here, we take a more detailed look at the various ways in which blockchain is being used, or is likely to be used, within the travel industry. Understanding Blockchain Technology: What Is It? Although blockchain technology can sound confusing at first, it is actually pretty simple to get to grips with. Ultimately, it is a list

How Blockchain Technology is Transforming the Travel Industry2018-07-03T12:44:53+00:00

3 Digital Trends That Will Take the Travel Industry By Storm in 2018

The travel industry is constantly evolving as new digital technology emerges. In this article, we explore some of the digital trends that are going to be most significant in the industry throughout the next year: from virtual reality, which is changing the booking process, to augmented reality, which is enhancing the in-person experience, to artificial intelligence, which is fundamentally changing customer service. Digital Trends in 2018 for the Travel Industry Every year, certain key trends emerge within the travel industry, helping to improve the customer experience, change the way people book their travel, or make internal processes quicker, more simple,

3 Digital Trends That Will Take the Travel Industry By Storm in 20182018-06-20T18:39:16+00:00
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