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Hotel Newgrand (9720) · InitiativeFirst stated

Room Rate Optimization Using a Revenue Management System and AI Demand Forecasting

First written in FY2023. . Latest entry: FY2023.

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Active Use of Dynamic Pricing in Hotel OperationsA theme 6 companies write about · 0 as a headwind · 6 as a tailwind

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  1. FY2023First statedAnnual report

    「By introducing a revenue management system, we optimized prices by flexibly adjusting them based on demand forecasts using artificial intelligence technology, taking into account our sales and competitors' price movements in a constantly changing market, and sought to maximize profitability while limiting occupancy.」

    The company introduced a system that varies room rates based on demand forecasts using AI technology, taking into account competitors’ prices and its own sales conditions.
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Room Rate Optimization Using a Revenue Management System and AI Demand Forecasting | HOTEL NEWGRAND CO.,LTD. (9720) | Komori