Case Study: Machine learning in the hotel industry - How can artificial intelligence, machine learning, and Big Data boost efficiency in the industry?

Region:Global

Author(s):

Product Code:TT0087MI

Download Sample Report download
Buy the Full ReportStarting from $900
Published on

July 2017

Total pages

13

Table of Content

Download Sample Report download
Buy the Full ReportStarting from $900

About the Report

About the Report

Case Study: Machine learning in the hotel industry - How can artificial intelligence, machine learning, and Big Data boost efficiency in the industry?

 

Summary

 

Hospitality was historically not one of the industries considered to be at the forefront of technological innovation. Yet, during the past decade the digital revolution that took place has completely transformed practices within the industry, prompting players to adopt innovative strategies to adapt to the constantly changing environment. The report discusses examples of how the industry is gradually embracing machine learning and artificial intelligence.

 

In the past, bookings and transactions were manually handled by the individual itself or by a travel agent. However, as more and more travelers are booking their holidays online, unparalleled quantities of data is being generated. As the technology to process all this data automatically is now available, hoteliers should turn to Big Data, AI, and machine learning to take advantage of such information.

 

AI and machine learning can be used in multiple ways in the hospitality industry such as in research engines, revenue optimization systems, demand forecasting, as well as in enhancing customer experience.

 

Scope

 

- By taking advantage of the information related to customer purchases, machine learning identifies travel patterns and enables hoteliers to provide unique offerings to their customers.

- Besides data analytics, the use of chatbots, virtual voice assistants, and robots are also thought to enhance the experience of customers while staying at hotels.

- By processing all the available information through powerful analytic platforms, hotels can create valuable offerings that match the needs and preferences of their customers from the start to the end of their journey.

- This ultimately frees up the resources of hoteliers and allows them to focus on offering the best possible services to their customers, without constantly worrying about setting the right prices and updating the demand forecasts.

 

Reasons to buy

 

- The report provides a deep insight into the adoption of machine learning technologies in hospitality.

- From Big Data analytics to chatbots and virtual voice assistants, the reports discusses how hoteliers are experimenting with machine learning and artificial intelligence, allowing the client to understand the benefits of investing in these technologies and helping him identify key opportunities depending on the needs of his company and customer base.

Products

Products

Hotels, technology, artificial intelligence, machine learning, innovation, chatbots, robots


Companies

IBMMessengerFacebookHyattMarriotEdwardian HotelsStarwoodWhatsAppGoogleAmazon

Table of Contents

Table of Contents

Table of Contents

Overview

WHAT?

Why is the hotel industry embracing machine learning and AI?

What is the way forward for the hospitality industry?

Terminology and Definitions

Disclaimer

You can also purchase parts of this report.
Do you want to check out a section wise price list?
Get Price Break-up

Why Buy From US?

RRR
Refine Robust Result (RRR) Framework

What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story

reach
Our Reach Is Unmatched

We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.

Research
Shifting the Research Paradigm

While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.

Insite
More Insights-Better Decisions

With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.

Trust
Transparency and Trust

Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.

support
Round the Clock Support

If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.

Why Client Choose Us?

400000+ Reports in repository
150+ Consulting project a year
100+ Analysts
8000+ Client Queries in 2022