Machine Learning in the Hotel Industry Analyzed in a New Business Intelligence Study

Posted on 2018-07-12 by Mark Hub in Retail // 0 Comments

Albany, US, July 12, 2018: With digital transition becoming ubiquitous in most verticals, adoption of new technological solutions such as artificial intelligence and machine learning are gaining momentum. Application of Big Data for operational ease in hospitality industry has also witnessed a surge. To understand the efficacies of current developments on the growing adoption of machine learning in the hotel industry, Market Research Hub (MRH) has collated a new case study titled, ‘Case Study: Machine Learning in the Hotel Industry – How Can Artificial Intelligence, Machine Learning, and Big Data Boost Efficiency in the Industry’.

Robots Add a New Dimension to Guest Services in the Hotel Industry

Incorporation of Big Data solutions to simplify data management and revenue optimization are expected to reflect positively on the growth of hotel industry. Additionally, hospitality industry is also keen on imbibing robotic assistance to spearhead growth in transforming hotel industry. Further, voice assistants are a new addition in hotel infrastructure that is propelling growth in the hotel industry. Aimed to serve guests with the best services and facilities, luxury hotels are incorporating AI enabled robots as part of their workforce. At a recently held event, CES 2018, leading electronics giant, LG has unveiled an array of robots intended to streamline functionality in the hotel industry. Launched under the brand name, CLOi, this robotic trio is believed to manifest game changing features in the fast changing robotic hospitality ecosystem. Aligning with fast penetrating robotic operations, Hotel Interurban, a boutique hotel features a relay robot, Hazel that makes quick deliveries to guests’ rooms.

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Research Tools to Revolutionize Revenue Generation in Hotel Industry

Leading hospitality software development company, OTA Insights has recently partnered with eminent hotel chains to leverage their operations. The company has bagged a deal from Best Western Hotel and Resorts to install revenue maximization tools as a potent means to drive increased revenues in hotel industry. These tools will allow the hotel to track numerous travel agency deals and thereby optimize its offerings. Additionally, OTA Insights’ latest collaboration with Outrigger Hotels to provide revenue intelligence tools is a new breakthrough development of research engines in hotel industry.

Voice Assistants Automate Services in Luxury Hotels

Hotel Radisson has recently announced about incorporating Amazon’s AI Echo to facilitate complete automation of services and virtual control of lighting and television. The hotel’s studio rooms also promise to offer a unique platform that allows guests to use the TV as the computer screen and their phones as keyboard and mouse.

Veritable insights highlighted in the report allow readers to draw significant understanding about various factors that trigger growth in hotel industry. Based on these insights readers can gauge the impact of various technological advancements that pose growth opportunities in the hotel industry. With the incorporation of machine learning and AI, hotel industry is expected to witness new growth patterns.

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Competitive Landscape: Machine Learning in the Hotel Industry

Crucial research reports included in the report aid readers in comprehending the impact of new strategies administered by leading companies to harness growth in hotel industry. Incorporation of machine learning has demonstrated promising outcome in the growth trajectory of hotel industry. Leading market players are administering new ways to bolster growth in hotel industry with the incorporation of voice assistants, chatbots, Big Data and robots.

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About Market Research Hub

Market Research Hub (MRH) is a next-generation reseller of research reports of different sector like retail market research and analysis. MRH’s expansive collection of industry reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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