Hotelmize, the profit optimisation solution for hotel bookers, will be participating in Travel Technology Europe for the first time in February 2020 in London. The company has developed a unique profit solution for hotel bookers using AI algorithms based on the very latest stock market trading technology.
Last year, the technology was applied to 280,000 hotel bookings which resulted in a total saving of USD 15 million for its clients. The average saving per booking was USD 72.
Stephen Moffett, regional director of sales in EMEA at Hotelmize will be present to showcase the company’s ground-breaking technology. He said: “On average, hotel room rates move up and down 18 times from the moment booked until the check-in date. Traditional tools and common revenue management practices cannot keep track of these changes. So, we saw an opportunity based on stock market trading technology and developed a lot of analytical algorithms. When the price drops, we know if it has reached the absolute bottom rate – and so will you.”
“Invest in new technology.”
Dor Krubiner, co-founder and CEO of Hotelmize said: “We are delighted to be meeting existing and new clients at Travel Technology Europe this month. We continue to invest in developing more Big Data based pricing related products to help our clients grow and improve their business performance.”
Travel Technology Europe is the dedicated event for travel technology taking place at Olympia London on 26-27 February 2020.