Revenue Management in the age of algorithms: combining automation with human expertise to increase profits in the hotel industry
- Wednesday, October 9, 2024
- 12:05 - 12:35
- Memo
- TTG NEXT STARTUP ARENA - Hall A6
- Shari Chudoba Moderator | Community & Internationalization Project Manager at Associazione Startup Turismo - Interpreter & Content Localization Specialist
- Mirko Domenico Pellegrino Founder Tourism Goes Digital & Digital Marketing Specialist
- Riccardo Peccianti Revenue Manager e Marketing Specialist per Hotel e co-founder BeRevenue
- Bruno Strati CDO Brainy Rms & CEO ExtraPro360
- Alessio Vola CEO Businessence
Integrating automation with human oversight in Revenue Management optimizes pricing strategies, occupancy, and cost control. Advanced algorithms and market software analyze vast amounts of data in real-time, identifying trends and demand patterns that might escape a human analyst. However, the experience and intuition of a Revenue Manager are crucial for interpreting data and making personalized strategic decisions.
Four startups specializing in Revenue Management for Hospitality will discuss how the synergy between technology and human expertise ensures more responsive and informed management, essential for tackling today's market challenges.