Hosted on the FameBit (http://famebit.com/) Stage.
Next on the FameBit stage: https://www.bigmarker.com/techweek-la/Keynote-Brock-Pierce-Bitcoin-Entrepreneur
Traditional businesses in the travel industry have lagged in their adoption of modern software systems. Once highly profitable areas such as hotel ownership have seen margins erode as profits move increasingly to the digital distribution ecosystem where customer acquisition costs can reach 40% of the overall guest stay. As distribution becomes more complex, with more choice and transparency for consumers, legacy hotel systems have failed to keep up: specifically in how pricing decisions are made to maximize revenue and profits.
You will learn:
~ How Pricing Optimization is an under-explored area of BigData.
~ How using a modern SaaS architecture, new predictive data sources, and innovative ideas such as measuring price elasticity can help save the travel industry from being permanently disrupted
~ How our system could be implemented to help other industries with perishable inventory