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How will AI solutions allow hotels to shift bookings away from the OTAs onto the direct channel?

Year to date, 2023 has seen a gamut of innovative solutions for hotels built upon generative artificial intelligence learning models, foremost among them being ChatGPT. The promise of these technologies is immense, ranging from back-of-house operational efficiencies to heightened service, new experiential offerings and precision guest segmentation. ....

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Web3: is Hospitality Lagging Behind other industries?

Among the pioneers of Web3 adoption, luxury brands have taken the lead. A recent study by CoinGecko reveals that an impressive 37% of apparel and luxury goods brands have already initiated Web3 strategies. As decentralized platforms, blockchain technology, and NFTs come to the forefront, a pertinent question arises: Are we on the brink of a seismic transformation in established branding paradigms? How can industries, particularly the traditional industries of travel and hospitality, harness this shift to their benefit? What inspiring success stories of Web3 are shaping the current landscape? ....

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Do the OTAs generate travel demand in hospitality?

Typically, the demand for tourism to a particular destination is a function of a myriad of factors, including general state of the economy in originating country and destination, levels of income of tourists, the cost of travel and time to travel from the tourists homes to the destination, trends in price levels - increasing or decreasing, competition from other destinations, currency exchange rates, etc. ....

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Will AI Build the Metaverse?

Generative AI is not only capable of creating text, images, videos, and audio, but it can play a crucial role in building the Metaverse by contributing in several ways: ....

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ChatGPT: how to get the most out of your prompt?

With the emergence of AI-powered chatbots such as ChatGPT, hotels and travel companies can offer personalized and efficient customer service. Furthermore, generative AI provides new avenues for creating unique experiences and engaging with guests, while presenting an entirely new dimension for immersive travel experiences. What are the challenges and benefits of integrating AI in the hospitality and travel industry, and how can companies leverage these technologies to enhance customer satisfaction and drive revenue growth? ....

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