How Hotel Pricing is Going to Change in the Age of AI
Imagine a world where your hotel knows what a guest wants even before they do. A world where your pricing strategy is not just about numbers, but about understanding choices, dreams, and the urge to travel. A world where your revenue management and marketing teams work hand in hand to craft personalized offers that guests can’t resist. Sounds utopian right? Well, with Artificial Intelligence (AI), this dream is becoming a reality. Over the last few months, we have seen ChatGPT, Bard and other travel-technology companies use Large Language models to fundamentally alter the way travelers looked for inspiration, searched for…
Latin America’s Hospitality Industry is Ready to Take the AI Leap into the Future
The COVID-19 pandemic has had a profound impact on the travel industry, challenging travel companies to adapt to changing consumer preferences, adopt new technologies, and innovate their business models. Against this backdrop, WTM Latin America 2023 – the leading global event for the Latin American travel industry – brought together industry leaders to discuss the key trends and strategies shaping the future of travel. From the positive impact of AI and the emerging trend of ChatGPT in hospitality to the importance of personalized service in increasing guest loyalty, the discussions at the trade show highlighted the industry’s focus on leveraging…
An Interview Between HFTP CEO Frank Wolfe and ChatGPT
By: Frank Wolfe, CAE, FIH | HFTP CEO ChatGPT has been dominating the news since (he? she? it?) was revealed to the world in late 2022 as the latest in AI-driven, natural language processing technology. Is this new chatbot launched by OpenAI something to fear or something to embrace? I recently “interviewed” ChatGPT to learn more. Currently, the chatbot does not have a voice and only communicates by text. To give full credit, I have cut and pasted ChatGPT’s text responses to my questions verbatim, without any edits. Enjoy! FW: Who is ChatGPT? ChatGPT: ChatGPT is not a person, it…
The Relevance of Content material for Motels
In right this moment’s fast-paced world saturated with lodging choices for folks to select from, it’s a must to transcend the visitor expertise to maximise your occupancy charges and income. Presenting the fitting details about your property to draw clients is the important thing to unlock extra bookings. Consider it as a straightforward approach to inform potential company the whole lot your property can supply—be it meals and recreation or facilities and native occasions/festivals. Now, you may marvel—why is lodge content material so essential? To reply it merely, folks search for bookings on-line and do heavy analysis to finalize their…
The 5 Finest American Resorts Opening This Fall and Winter
After a summer season of peak journey stress, it is protected to say that those that braved the lengthy safety strains, hectic terminals and packed runways are bodily and mentally fried. Whereas laying low awhile could really feel like the one response, we’re right here to counsel you rethink. That is as a result of projected decrease airfares and locations with out the summer season crowds are on the horizon, as are a spate of unbelievable new lodges opening throughout the US that you’re going to wish to be first within the door at. One of the best new lodges…
15 Viewers Engagement Methods That Truly Work
Viewers engagement performs a big function within the success of any occasion. Whether or not in-person or on-line, occasion organizers wish to listen and take part. The truth is, greater than 80% of promoting professionals consider that viewers engagement is a key indicator of an occasion’s success. Skilled occasion planners and organizers perceive that selecting the best viewers engagement methods could make or break an occasion. On this put up, we have a look at varied viewers engagement methods for occasion planners, organizers, and trade professionals that truly work. Whether or not you are a brand new planner working in…
RateGain Launches Airline Vacationers’ Forecast to Assist Industrial Groups Drive Larger ROI
The AI-powered Forecast will assist Advertising and marketing leaders throughout Accommodations and Vacation spot Advertising and marketing Organizations drive larger Return on Advert Spends (ROAS) New Delhi, Aug 9, 2022: RateGain Applied sciences, a number one supplier of SaaS options for journey and hospitality, introduced right now the launch of Airline Vacationers’ Forecast, a brand new module of Demand-AI, RateGain’s AI-powered Demand Forecasting Answer for the journey and hospitality trade. With Airline Vacationers’ Forecast, advertising leaders and industrial organizations in lodges can optimize their advert spends throughout each offline and on-line channels to drive larger returns in a tricky macro…