Intelligent price automation for hotels
New AI-based solutions can provide live market intelligence and help hoteliers optimize, adjust and even automate their pricing
Business intelligence and pricing tools provide invaluable support that will help you dramatically boost your results. But if you want the algorithm to follow your rate strategy and or your brand’s pricing rules, some level of human input and guidance remain important.
Key takeaways
- Establish the foundations: AI tools are great at executing tasks. But for them to do it well, they first need to know what you want them to do;
- Prepare for special conditions: Demand shifts regularly and your RMS must adapt when these inevitable changes come along;
- Adapt to one-off situations: Today’s AI-powered RMS can respond properly even to a unique scenario thanks to the wealth of data they can process in instants.
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