AI tools boost short-term rental bookings, highlighting growth in hospitality tech market.
AI is transforming the short-term rental market, with a Tucson property achieving a 90% booking rate using AI tools like virtual assistants and dynamic pricing. Despite heavy AI use, the property maintains a focus on hospitality basics such as cleanliness and personalized service. The AI in hospitality market is projected to grow to $167 billion by 2031, driven by technologies like chatbots, recommendation systems, and predictive analytics. Independent hotels can enhance guest experiences through personalization, using data and AI to tailor interactions and improve direct bookings.
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