We are delighted to announce the soft launch of AltoCore, Data & Analytics. Our Extended Stay Market Intelligence is set to transform the extended stays analytics landscape.
In the recently unveiled MVP, Hospitality Operators (HOs) will gain access to a wealth of performance data ranging from revenue and ADRs to conversion rates, bookings, cancellations, lead times and performance ranking. By leveraging this comprehensive data set, HOs can obtain valuable insights into their operational efficiency. The utilisation of this data empowers them to pinpoint areas for enhancement, streamline processes, and make well-informed decisions that drive success.
Reflecting on our journey thus far, we are committed to advancing our offerings by creating a first-of-its-kind tool that accurately forecasts accommodation costs for extended and short stays. This innovative capability enables our partners to fine-tune their pricing strategies effectively, ultimately maximising revenue potential.
Looking ahead, we are set to employ cutting-edge machine learning algorithms to analyse crucial factors such as occupancy, demand fluctuations, seasonality trends, local events impact, competitors' rates, and property attributes. By doing so, we aim to provide tailored recommendations for optimal pricing strategies for each listing, facilitating revenue growth by swiftly adapting to market changes and emerging trends.
AltoCore, Data & Analytics stands at the forefront of transforming the hospitality industry through data-driven insights and predictive analytics. We are dedicated to helping Hospitality Operators thrive in an ever-evolving market landscape by empowering them with actionable intelligence that drives success and growth.
At AltoVita, we believe in the power of collaboration. We co-create and co-design solutions with our hospitality partners, incorporating their valuable input and contributions into our products. This collaborative approach ensures that our offerings are tailored to meet the specific needs and challenges of the industry, fostering innovation and driving mutual success.
Stay tuned as we continue to innovate and elevate the standards of data intelligence in the hospitality sector with AltoCore, Data & Analytics. Join us on this exciting journey as we revolutionise the way hospitality businesses leverage data to achieve their goals and stay ahead in a competitive market environment.