How Data Science Can Help the Hospitality Industry
Data has become the center of business life, especially during the unpredictable business conditions created by the pandemic. A second pandemic wave threatens further slowdowns in travel, which will directly impact hotels. The use of data science in hotels can streamline operations and transform them into more resilient enterprises. Here are some of the benefits…
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Recovery Predictions for Travel Industry in 2021
Travel predictions for 2021 vary among industry professionals. On the one hand, STR lodging data in December 2020 revealed that unsold U.S. hotel rooms reached 962 million, up 46 percent from the previous year. This figure indicates that the holidays have brought no relief to the hospitality industry and it is preparing for a long…
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Why Hoteliers Will Need Revenue Management Systems to Survive COVID-19
The pandemic has disrupted the hotel industry inducing several permanent changes. The way a hotel deals with its guests must now include solutions for social distancing and limiting occupancy. Two-thirds of U.S. hotels reported occupancy at or below 50 percent in August, which is usually a peak month for hotels. Keeping in mind the…
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The Role of Cyber Security in Hospitality Automation
Every business must ensure that it has appropriate cyber security to keep hackers off its network. It’s particularly important for the hotel business to protect the privacy of its guests. Data breaches can lead to unhappy guests and hefty lawsuits. Cyber security risks have significantly increased under the current pandemic as more and more businesses…
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How Higher Education Offers a New Revenue Stream for Hoteliers
Following the shutdowns of hotels in March 2020 due to the pandemic, US hotel occupancy returned above the 50 percent mark in August. A focus on higher education among students helped contribute to developing a new revenue stream for hoteliers. Here’s a more in-depth look at this interesting connection between rebounding hotels located near universities….
