#xotels #revenuemanagement #hotelmanagement #artificialintelligence #ai #hotelindustry #hotelstrategy | Remko West | 11 comments
🏨 Last week, the hotel industry explored AI in revenue management. A revenue manager discussed a 30% rate increase recommendation for next Thursday, taking 6 minutes and three dashboards to explain. Unlike other industries, hotels lag in AI adoption. Effective AI systems are transparent, relevant, and allow human override. Transparency involves clear explanations like "medical conference in town" instead of vague suggestions. The key is AI learning from human input, enhancing rather than replacing human judgment.
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