Revenue management firm Revnomix Solutions has developed ‘RevSeed’, which is based on Artificial Intelligence (AI) and Machine Learning (ML).
RevSeed version 1.0 is already being used by over 200 Indian hotel brands. The 2.0 version of RevSeed is loaded with effective planning and revenue forecasting tools that will help the properties to achieve their goals faster and effectively.
Commenting on the launch of RevSeed 2.0, Sainath Vernekar, Partner of Revnomix Solutions said, “With the on-going unprecedented circumstances that the entire world is experiencing, there is a need for the hospitality industry to rethink their revenue management strategy. Hotels and Resorts must adapt swiftly to evolving consumer buying patterns as human efforts will be insufficient to handle the data-driven business ecosystem of the future.” Further adding to the launch, Prakash Singh, Partner & Head of Operations of Revnomix Solutions LLP commented, “The Hospitality Industry needs to embrace technology-driven Revenue Management & OTA (Online Travel Agency) Management in tandem with the goals of the Hotel Yield on real estate”.
