Should hoteliers become AI experts?
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In Australia, only a third of businesses have a clear AI strategy, while less than half have formal data strategies, despite two-thirds claiming to be data-driven. The focus for hoteliers should be on predictive analytics rather than leading AI innovation. By leveraging global technology platforms, hoteliers can tap into anonymized data to drive new revenue streams, enhancing customer experiences without the need for sole expertise in AI. SiteMinder supports with over 125 million reservations generating US$50 billion annually.
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