The rise of Cloud services and the still-evolving potential of big data have brought a revolution to the travel industry which is still playing out, as noted by McKinsey as far back as 2012. One of the many benefits brought by big data is the ability to predict price fluctuations in hotel rooms and vacation resorts.. This brings enormous potential for increased profit margins for travel distributors without raising the cost for travelers. Here is how hotel room resellers can raise their profits painlessly.
Coping with Constantly-Changing Hotel Prices
It’s nothing new to point out that the price of hotel rooms change all the time. Dynamic pricing has been around for decades, with hotels, airlines and even sports teams dropping prices (for a variety of reasons) so as to fill their empty rooms or seats. However, cloud tools and big data have brought increased insight into customer behavior and motivation. This in turn enabled companies to tailor their pricing more closely to the level of demand and to change prices even more frequently.
Hotels now change their room prices an average of 18 times on average between the first reservation and the check-in date, with 22% of all reservations dropping in cost significantly. Travelers and travel distributors are trying to respond to these changes by rebooking their reservations once price drops to take advantage of price going. Unfortunately, more frequent price changes make it almost impossible to find the best moment to rebook the reservation. It’s also a headache to follow the changes and keep track of the reservation details including many different policies. Uncertainty about whether the cost could drop again before check-in only adds to the stress of coping with constantly-changing prices.
Keeping Ahead of the Game with Big Data
The question being asked by all travel distributors is what they can do to keep on top of these price variations? Hotelmize has the answer. We are utilizing cutting-edge big data technologies to track and predict the price change of millions of hotel rooms and vacation resorts worldwide. When the price drops, we know if it reached the bottom rate and so will you.
A combination of machine learning, in-house developed algorithms and big data techniques enable Hotelmize to track your hotel reservation details across multiple providers. All of the accommodation details, terms and conditions and reservation requirements remain exactly the same; all that changes is the purchase rate. Our automated system is able to compare details faster than a human and take advantage of this opportunity in large scale like no other can.
Increase Profit Margin Without Lifting a Finger
Once you’ve partnered with Hotelmize you won’t have to do anything else. Our smart solution increases your profit margin by between 30% and 50% without you lifting a finger. Based on financial trading models, our algorithms predict price fluctuations and follow the changing cost of your reservations.
Once the big data system informs us that the reservation has reached its lowest price, we immediately and automatically replace the original booking with the new cheaper one. You won’t need to spend energy manually checking up on prices or verifying that the details are correct. With the reassurance of our automatic rebooking system you needn’t worry about missing out on the optimum moment, either. No time is wasted between the price hitting the bottom and the reservation being rebooked. You’ll just profit from the arbitrage.
Fully Automated and Compatible
Joining our list of happy clients won’t affect your workflow in any way and our solution is compatible with all booking systems. It runs smoothly in the background without any hiccups and with no overhead. You can continue with what you do best with the reassurance that we have got your back, helping you earn hundreds of thousands of dollars profit every month.
Tracking reservations details and following price fluctuations has become a task that is beyond purely human capabilities. An automated system can cope with the massive amounts of data, while machine learning produces an algorithm that can predict the optimum time to rebook the reservation. As travel distributors around the world scramble for solutions, Hotelmize offers a smart system that will keep you ahead of your competitors.
Nice post. I am highly interested on this. Colocation is principally the choice supplied to the small enterprise or particular person individuals to get options of a bigger IT division at a rental price. That is drastically kind within the ICT world at the moment as a result of nice competitors that exists on this business.
ReplyDeleteExecutive Suites at Kabaleyan Cove Resort feature a one king sized bed good for 2 persons only and a private bathroom with hot & cold shower and a patio outside. It is also an ideal room for couples. Additional charge will apply for the extra person. Check-in Time: 2:00 pm Check-out Time: 12:00 noon Rates Click here Affordable price Resort
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteYour article is very informative and I am impressed by the details you have shared here in the post. Thank you for sharing the article with us. if you want to search Hotels in Nigeria, then nitestay.com is best for you.
ReplyDeleteI really liked and I got some ideas about this technology...
ReplyDeletekeep updating more for us... thanks for shared useful blog..
Data Analytics Courses in Chennai
Big Data Analytics Training
Ionic Training in Chennai
german classes
Best IELTS Coaching in Chennai
learn Japanese in Chennai
Data Analytics Courses in Porur
Data Analytics Courses in Anna Nagar
I am so happy to found your blog post because it's really very informative.
ReplyDeleteBig Data Hadoop Training In Chennai | Big Data Hadoop Training In anna nagar | Big Data Hadoop Training In omr | Big Data Hadoop Training In porur | Big Data Hadoop Training In tambaram | Big Data Hadoop Training In velachery
The Blog is really useful. every concept should be very uniquely represented.
ReplyDeleteData Science Training Course In Chennai | Data Science Training Course In Anna Nagar | Data Science Training Course In OMR | Data Science Training Course In Porur | Data Science Training Course In Tambaram | Data Science Training Course In Velachery
En son çıkan perde modelleri
ReplyDeletesms onay
Mobil odeme bozdurma
nft nasıl alınır
Ankara evden eve nakliyat
Trafik sigortası
DEDEKTÖR
HTTPS://KURMA.WEBSİTE
aşk kitapları
SMM PANEL
ReplyDeleteSmm Panel
iş ilanları
instagram takipçi satın al
hirdavatciburada.com
beyazesyateknikservisi.com.tr
servis
tiktok jeton hilesi
Good content. You write beautiful things.
ReplyDeletekorsan taksi
vbet
sportsbet
taksi
mrbahis
vbet
hacklink
mrbahis
sportsbet
amasya
ReplyDeleteantakya
edirne
elazığ
kayseri
L0H3LD
hatay
ReplyDeleteığdır
ısparta
mersin
ağrı
B53C
yurtdışı kargo
ReplyDeleteresimli magnet
instagram takipçi satın al
yurtdışı kargo
sms onay
dijital kartvizit
dijital kartvizit
https://nobetci-eczane.org/
8RF
https://izmitone.com
ReplyDeletekuşadası
sex hattı
XLWC