Article - AI-Augmented Decision Intelligence: The Next Paradigm Shift in Hospitality Revenue Management - By Andrew Rubinacci - Artificial intelligence is everywhere. It s making inroads into practically every field of human activity. It s integrated into search engines, word processors, and various apps likely installed on your smartphone in your pocket. And there s a reason for the tech s proliferation: it is incredibly adept at analyzing data much faster and at a much larger scale.
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Article - Driving Profitability with Precision: AI s Pivotal Role in Revenue Management - By Andrew Rubinacci - Revenue management systems play a critical role in the hospitality industry. Traditionally, these systems attempt to predict future demand from past trends to optimize pricing. That s a reasonable approach. But as the pandemic taught us, relying on the past to predict the future doesn t always work - the unexpected still occurs. Now, what if I told you it was possible to predict future demand based on current trends?