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Innovation

4662 posts

Innovation and technology news for the hospitality industry: AI, digital tools and how hotels are transforming, from 10 Minutes News for Hoteliers.

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  • 3 min

OTA Ranking Booster Otamiser Secures $3M in Funding

  • Tony Loeb
  • 1 July 2024
📢 Otamiser raised $3 million USD in its first funding round, led by Pitchdrive VC. The funds will help expand to 1,000 hotels and 100,000 short-term rentals globally. The platform, launched in 2022, boasts an ARR of €1.8 million ($1.9 million USD), 32 employees, and is used by over 76 hoteliers in nine countries. Otamiser’s services lead to an 11% increase in occupancy and a 24% average profit rise for clients. A new AI-driven product for Airbnb operators is forthcoming, as part of their growth and development plan.
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The potential of GenAI-powered chatbots for airlines

  • Lennart
  • 27 June 2024
Key facts and data extracted from the article include: - Customer dissatisfaction with the airline industry has risen since the pandemic, with complaints surging to pre-pandemic highs in 2023. - Regulatory agency data from countries like Germany and Canada support this trend. - In 2022, passenger complaints increased by over 400% compared to 2019. - Operational disruptions, flight delays, baggage issues, and reduced airline and airport personnel due to the pandemic are contributing factors. - The aviation industry employment was 21% lower in 2022 compared to 2019. - Generative AI (GenAI) is being considered to help airlines improve customer service, particularly through GenAI-powered airline chatbots. - IndiGo’s “6Eskai” chatbot reduced customer service agents' workload by 75%. - Air India’s “AI.g” chatbot has a containment rate of 93%. - GenAI-based chatbots scored 24.2 percentage points higher in benchmarking, achieving a score of 63.3%. - GenAI chatbots excelled in itinerary planning and multilingual support. - Airline chatbots using traditional methods were outperformed by GenAI chatbots, particularly in early journey phases and inclusivity. - Non-GenAI chatbots performed better only in flight status queries. - Recommendations for airlines include developing GenAI-powered chatbots and learning from Online Travel Agencies (OTAs) that have pioneered in this area. -
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