These analytics are helping the hospitality industry by giving them tons of data with the help of which they are leveraging their revenue with the help of the following points:
- Customers Data Analysis and demographic: helps to segregate their customers into different sections.
- Real-time Hotel pricing strategy: helps in giving out the best deals always for their customers.
- Real-time management of booking and inventory: no more excess or more than sufficient inventory and streamlining all booking systems.
- Demand forecasting and risk assessment: enables companies to be better prepared for the high demand times and low demand period.
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