hotel data
Attaining Data Maturation From Machine Learning of Hotel Data Sources
ADAM AND LARRY MOGELONSKY | June 19, 2024
By Adam and Larry Mogelonsky Hotels accumulate a lot of data, all of which can be used to uncover hidden patterns for better efficiencies and throughout improvements. Understanding the intricacies of machine learning (ML) and its applications is essential for forward-thinking hoteliers. A key concept to grasp is 'data maturation’, which refers to the necessary period for ML to process and analyze vast amounts of training data. This process allows computers to test variables and identify patterns, ultimately developing algorithms and models that drive business goals. Time is a critical factor in this equation. While machines can process da...
Hotel Leaders Celebrate Night Auditor Appreciation Day With Heartfelt Messages
MDO | May 18, 2023
May 18 is Night Auditor Appreciation Day and MDO is rewarding hoteliers who participate using the hashtag #NightAuditorAppreciationDay with free coffee and a chance to win $250 BETHESDA, MD., May 18, 2023 – Hoteliers across the globe are participating in Night Auditor Appreciation Day today, May 18, as a way to recognize and honor overnight crews for their crucial roles in holding hotel operations together. Often the unsung heroes in hospitality, night auditors work third shift to ensure a smooth experience for guests and seamless management of hotel resources. Some examples of social posts celebrating night auditors this week leading...
MDO Releases Guide to Adopting Automation for Efficient Hotel Operations
MDO | March 28, 2023
Free resource includes expert insights from hoteliers finding new ways to increase efficiency with smaller teams by automating manual processes. BETHESDA, MD., March 28, 2023 – myDigitalOffice (MDO), a hotel data platform to centralize and visualize key performance metrics, today released an in-depth report highlighting creative ways hotel operators are increasing efficiency with smaller teams. For many, automating manual processes has become critical to success. Despite the overall U.S. economy adding 517,000 jobs at the beginning of 2023, the leisure and hospitality sector remains understaffed with 2 million open jobs, according to ...
MDO Launches Sustainability Calculator and Certification Program
myDigitalOffice | November 15, 2022
Hotel companies are invited to share their efforts toward moving reports and documents online, receive personalized data on their environmental impact, and apply for MDO Sustainability Certification. BETHESDA, MD., November 15, 2022 – myDigitalOffice (MDO), the world's fastest-growing hotel performance management platform, today released an online sustainability calculator and certification program aimed at shining the spotlight on hotel owners and operators dedicated to reducing their environmental footprint. The calculator allows any hotel company to enter information specific to their sustainable operating processes and apply for MDO S...
Hotel Data Strategy: The First Step Is Admitting There’s a Problem
Jason Q. Freed | October 27, 2022
By Jason Q. Freed There are three stages of the hospitality data lifecycle, starting with adopting the cloud for digital document management. As an industry we've made progress, now let's unpack the work that remains to be done. To best understand where the hospitality industry stands in terms of its adoption of digital tools and cloud-based solutions, it’s important to step back and look quickly at the big picture. First, as far away as it seems, remember that the internet itself wasn’t a widely popular tool until about 20 years ago. But it changed the game so quickly for consumers that businesses scrambled to adopt their operat...
HotStats’ COO Talks Profitability — Today and Tomorrow
HotStats | June 9, 2022
Hotel demand is high, rates are up, but what does it mean for the full spectrum of the profit-and-loss statement. The global hospitality industry is still facing down operational headwinds, and Michael Grove, COO of HotStats, outlined those challenges during a panel session at the International Hospitality Investment Forum (IHIF) titled, “Decoding the Data.” Grove’s presentation, which you can watch in full below, touched on myriad data points and honed in on four main issues impacting the hotel industry’s recovery from the depth of the pandemic: 1) the labour challenge 2) the return of corporate, group and conference travel 3) the...
STR: U.S. Hotel Results for Week Ending 7 May
STR | May 16, 2022
HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR‘s latest data through 7 May. 1-7 May 2022 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-6.1%) Average daily rate (ADR): US$147.24 (+12.0%) Revenue per available room (RevPAR): US$94.10 (+5.1%) Among the Top 25 Markets, San Diego saw the highest occupancy increase over 2019 (+5.6% to 74.5%). Chicago experienced the largest occupancy decrease from 2019 (-22.2% to 59.2%). The steepest RevPAR deficits were in San Francis...
Deal-Making Activity in the Travel & Tourism Sector Dropped by 34.3% During April 2021, Finds GlobalData
GlobalData | May 17, 2021
A total of 71 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing) were announced in the global travel and tourism sector during April, which is a decline of 34.3% over 108 deals announced in March, according to GlobalData, a leading data and analytics company. Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The travel and tourism sector is still reeling under the impact of the COVID-19 pandemic. Although the rebound in deal activity in March brought in some cheers, it could not be sustained for long with April again reversing the trend.” The announcement of private equity, venture fi...
