The hospitality industry faces a complex and competitive landscape. Hotel revenue managers must optimize pricing and inventory across multiple distribution channels while reacting to constant demand fluctuations. This challenging environment has led many hotels to embrace automation and AI to enhance financial performance. In particular, algorithmic trading bots are transforming hotel revenue management strategies. By […]
[New York, 26th September 2024]: Mews, the industry-leading hospitality cloud, today announced $100 million in financing from Vista Credit Partners, the subsidiary of Vista Equity Partners and a strategic credit and financing partner focused on the enterprise software, data and technology markets. As cloud adoption accelerates across the $15.5 trillion global travel and tourism industry, the new financing will expedite Mews’ growth […]
Rising costs, changing booking trends, good leaders, and even the weather…are just some of the things that have influenced the performance of hotels so far this year. So what are hoteliers doing to remain competitive in this climate, and what opportunities and challenges are they facing in the road ahead? In September 2024, I gathered […]
