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Innovation

4884 posts

[[ 9 ]]

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  • 4 min

The End of Traditional Revenue Management: Welcome to Profit Optimization

  • 10minhotel
  • 10 November 2025
💰 Hotels are transitioning from traditional revenue management to profit-oriented strategies. Focus has shifted from RevPAR to metrics like GOPPAR and NOI. Every department—rooms, F&B, spa—contributes to profit. Integration of AI and BI tools enhances profit forecasting and management. The transformation necessitates collaboration between finance, operations, and marketing, with a unified vision of profitability. Emphasizing value over volume, profit optimization is reshaping hospitality, making profitability the core of revenue management.
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  • 1 min

#societiesquarterly #influencesociety #hospitality #hoteloperations #hotelmarketing #hotelsales #guestexperience #innovation #futureoftravel #ai #luxuryhospitality | Greg Bringardner

  • Greg Bringardner
  • 10 November 2025
🏨 In 2025, a travel trend of hyper-personalization is emerging, where hotels utilize AI to tailor guest experiences by analyzing booking patterns, digital identities, and lifestyle data. This approach shifts guest choices from brand loyalty to personal relevance. The hospitality industry aims to use data to enhance human interaction and optimize operations, like avoiding unneeded preparations, thereby reducing costs.
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  • 2 min

McKinsey The State of AI in 2025 | Rahim Hirji

  • Rahim Hirji
  • 10 November 2025
💻 88% of companies use AI, but real change remains elusive; two-thirds are in pilot stages. Only 10% have scaled AI agents effectively. Just 6% of firms see profits by redesigning systems and setting growth goals. Successful AI integration demands leadership involvement. Companies excel when humans and AI collaborate, treating people as co-pilots. McKinsey's State of AI 2025 report underscores the need for ambition and redesign to transform work effectively. #FutureOfWork #AI #Leadership
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The business case for AI in group and event sales

  • Automatic
  • 10 November 2025
💸 Nov 10, 2025: Group and corporate events generated $190 billion in hotel revenue in 2024. However, sales teams often delay responses, taking an average of 47 hours to respond to leads. AI systems improve this by responding within minutes, increasing conversion rates substantially. AI delivers $3 to $10 ROI per dollar invested. Improving conversion from 15% to 18% can result in $75,000 extra revenue per 100 leads, or $450,000 annually for 2,000 inquiries.
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  • 4 min

How AI chatbots are missing a revenue opportunity

  • HOTELSMag.com
  • 7 November 2025
📱 Forward-thinking hotels are using advanced AI sales assistants for event bookings. Traditional chatbots often fail, but new AI systems can enhance revenue with an ROI of $3 to $10 per dollar invested. With a 20% improvement in conversion rates, hotels can gain $450,000 extra annually from 2,000 inquiries. AI ensures rapid responses, crucial as 61% of RFPs go to the first three bidders. Group sales hit $190 billion in 2024, highlighting the potential of smarter AI investments.
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  • 1 min

What Actually Creates a Good Stay (and a Good Life) – Jannes Sörensen

  • Josiah Mackenzie
  • 7 November 2025
🏨 Jannes Sörensen, founder of Kepler Hotel Group and Kepler International Hospitality Academy, joins Matthias Huettebraeuker to discuss rethinking hotel experiences. Drawing from his leadership of luxury hotels like The Beaumont in London, Sörensen emphasizes focusing on fundamental human needs rather than preemptive solutions. This approach aims to create more meaningful, memorable stays for guests. Music for the episode by Clay Bassford of Bespoke Sound.
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  • 4 min

Guest Post: How AI can accelerate airlines’…

  • Travel Weekly Group Ltd
  • 7 November 2025
🛩 Airlines are advancing in New Distribution Capabilities (66%), but only 27% have progressed in Offer and Order transformation, despite 72% seeing it as strategically important. AI aids by optimizing pricing and automating services, delivering up to 6% revenue uplift and cutting onboarding time by 85%. The shift to Offer Order Settle Deliver (OOSD) is crucial for modern retailing, offering a smoother journey for passengers and higher conversion rates for airlines.
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  • 1 min

RateGain finalises Sojern acquisition

  • Travel Weekly Group Ltd
  • 7 November 2025
✈️ RateGain finalizes acquisition of Sojern, integrating their AI-powered travel tech solutions. Serving 13,000 customers across the Americas, Europe, Middle East, Africa, and Asia Pacific, this union strengthens their market position. The combined platform enhances marketing, distribution, and revenue strategies, leveraging AI for precision targeting and engagement. Bhanu Chopra highlights the strategic global expansion; Mark Rabe sees it as a growth catalyst. Focus: innovation, customer outcomes, and a future-ready travel platform.
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  • 2 min

TUI partners with Mindtrip for AI-inspired…

  • Travel Weekly Group Ltd
  • 7 November 2025
🗺️ TUI partners with Mindtrip, integrating TUI's booking into Mindtrip’s AI travel platform. Users in Belgium, Germany, Ireland, and the Netherlands can book TUI packages via a ‘Book with TUI’ button. Mindtrip’s platform uses AI to offer personalized travel suggestions, while Nezasa maps these to real-time inventory. This initiative marks an industry-first, offering insights into AI-based travel sales and enhancing TUI's digital and offline channels.
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  • 1 min

Switchfly accelerates its travel loyalty…

  • Travel Weekly Group Ltd
  • 7 November 2025
✈️ Switchfly, in 2025, offers no-code travel loyalty technology for quick platform deployment worldwide. New capabilities support airlines, employee rewards, and financial services with 24/7 multilingual support and multi-currency options. The platform increases engagement, with packaged trips yielding 3-5x more value than flights alone. CEO Nowell Outlaw highlights rapid results for partners. In early 2025, five new clients joined, with an expected 2.4 million bookings worth $2.25 billion by year-end.
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    Less Noise, Better Focus: Why Generative AI Is Finally Changing Revenue Management

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  • Quicktext becomes Quinta. Tomorrow, your bookings will go through AI agents. Are you ready?
  • Tony Loeb standing in front of a brain and a lot of post it notes. Cover image for the podcast with LodgIQ discussing Generative AI in hotels.
    Less Noise, Better Focus: Why Generative AI Is Finally Changing Revenue Management
  • Workflow Automation, Decoded: RobosizeME to Host Educational Webinar for Hotel Groups
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