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News to Know
Small Hotels, Big Advantage: AI Evens the Playing Field
SOURCE: HOTEL DIVE, 12/1
When it comes to technology, independent hospitality brands often feel they are competing against a stacked deck. Large, national brands simply outgun them with their teams of data analysts and enterprise-level artificial intelligence and revenue management platforms.
As a result, independent properties leave as much as 30% or more of their revenue on the table while trying to keep pace. Some estimates put more than 90% of independent stays, for example, still pricing their rooms manually and relying on outdated rules and gut instincts.
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