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Data-driven strategies are driving the hospitality industry

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  • 3 October 2024
  • 1 minute read
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This article was written by Hospitality Today. Click here to read the original article

Hotel data helps optimize resources, forecast demand, and implement dynamic pricing to increase revenue and maintain customer satisfaction

Oct 3, 2024

What will truly shape the future of our industry is the ability to balance the efficiency and personalization of data with the warmth and empathy of human interaction.

Key takeaways

  • Data in hospitality offers clear benefits, enabling cost reduction and profitability through informed decision making, which are essential in today’s competitive marketplace;
  • However, relying too heavily on data risks losing the human connection that guests value. While data enhances service, it should not replace the personal touch that creates lasting memories;
  • Achieving this balance requires a hybrid approach – using data-driven insights to inform service while preserving the intuitive, empathetic care that defines hospitality. Technology should empower staff, not replace them.

Get the full story at PhocusWire

Please click here to access the full original article.

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