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FLYR Hospitality and RateGain Enter Technology Partnership
FLYR | February 27, 2024
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AI-Augmented Decision Intelligence: The Next Paradigm Shift in Hospitality Revenue Management
Andrew Rubinacci | January 25, 2024
By Andrew Rubinacci Artificial intelligence is everywhere. It’s making inroads into practically every field of human activity. It’s integrated into search engines, word processors, and various apps likely installed on your smartphone in your pocket. And there’s a reason for the tech’s proliferation: it is incredibly adept at analyzing data much faster and at a much larger scale. In the hospitality realm, most people consider revenue management to be something that only humans can do effectively. Now, with the advent of AI, that’s no longer the case. As technology continues to advance, there is a growing trend toward enhancin...
7 Tips for Making a Winning Business Case for a New Hotel Revenue Management System
Andrew Rubinacci | December 13, 2023
By Andrew Rubinacci, Chief Advisory Officer of FLYR for Hospitality A recent study by Regional Research Reports concluded that in 2022, the global Hotel Revenue Management Systems (RMS) market was valued at millions of USD and was projected to reach multi-millions of USD by 2033. And there are reasons we’re seeing such a rapid rise in demand: Next-generation RMSs. The many benefits of RMSs - particularly AI-driven RMSs - are clear. Hotels using AI-driven revenue management systems have seen a 20-30% reduction in labor costs. (Researchgate.net) Hotels that implement revenue management systems typically experience a 10-15% incre...
BWH Hotels Scandinavia’s Revenue Center Selects FLYR for Hospitality as Preferred Revenue Management System
FLYR | December 6, 2023
With FLYR’s AI-driven revenue management system, BWH Hotels Scandinavia’s Revenue Center will be able to unlock next-level decision intelligence and automation for 56 properties – delivering maximum revenue potential and operational efficiency Los Angeles, CA (DECEMBER 6, 2023) – FLYR, the AI-powered platform for travel technology, today announced that BWH Hotels Scandinavia, a leading global hospitality network that includes Best Western Hotels & Resorts (BWHR), Worldhotels, and Sure Hotels, has selected FLYR for Hospitality as its preferred Revenue Management System (RMS). This strategic decision will strengthen BWH Hotels’...
Driving Profitability With Precision: AI’s Pivotal Role in Revenue Management?
Andrew Rubinacci | November 30, 2023
By Andrew Rubinacci Revenue management systems play a critical role in the hospitality industry. Traditionally, these systems attempt to predict future demand from past trends to optimize pricing. That’s a reasonable approach. But as the pandemic taught us, relying on the past to predict the future doesn’t always work - the unexpected still occurs. Now, what if I told you it was possible to predict future demand based on current trends? How would that impact your pricing strategies? We’ve come a long way since the first RMSs hit the scene. And the recent advancements in artificial intelligence have made them more powerful (and rel...
FLYR Delivers Fast, Accurate Forecasting for Hospitality
FLYR | September 27, 2023
With new Forecasting for Hospitality, hotels can efficiently create and share monthly segment-level forecasts for every property Los Angeles – September 27, 2023 – FLYR, the pioneer of the Commercial Operating System for travel and transportation, today introduced Forecasting for Hospitality, furthering its investment in the hospitality industry since the acquisition of Pace Revenue (now FLYR for Hospitality). With the new Forecasting for Hospitality features, hotel revenue, finance, and operations teams can create, manage, and share forecasts with greater speed, ease, and accuracy. “On the heels of introducing FLYR for Hospital...
CEO Spotlight: Former Google Exec Jens Munch Shares His Journey of Disrupting Hospitality With AI as Co-founder of FLYR for Hospitality (Formerly Know
Alan Young | September 20, 2023
By Alan Young, Hospitality Industry Advisor, College Professor, and Co-Founder of Puzzle Partner The technology sector is defined by constant motion: the relentless exchange, disruption, and evolution of big, innovative ideas brought to the table by bold, innovative minds. The most influential players in the space are those with a seemingly insatiable appetite for change and optimization, and it is precisely that hunger that has occupied Jens Munch throughout his career. Within the hospitality industry, Munch is known as the Founder and CEO of Pace Revenue – a platform created in 2016 to revolutionize how hospitality approaches revenue m...
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