At Bloc Hotels we have spent the past 5 years developing our own proprietary revenue management system to help manage our room inventory and optimise room pricing. The system incorporates data from a wide array of data sources such as the Property Management System, Online Travel Agents, hotel reviews, Google Analytics, flight information, and local events. It allows us to breakdown and analyse all of this information using a very intuitive web application, and uses AI for demand forecasting and price optimisation. The solution is hosted and managed on Amazon Web Services (AWS). The system is an integral part of our pricing process and has significantly improved pricing strategy and efficiency.
We partnered with Spectra Analytics to develop and manage the system because of their extensive AI and Data Science expertise and their ability to manage cloud computing solutions. They have provided excellent support and guidance over the years and we would highly recommend them to other companies looking to develop AI solutions and use AWS.