Are there any companies that are also developing AI software for hotels?
Many of them. Its quite competitive market.
Your idea is great, but also very complex.
Integrating blockchain and AI into the hospitality industry will be a very complex and lengthy process.
Blockchain component is ready, while AI will be developed according to Roadmap timeline.
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Blockchain and AI could bring new outstanding resultsHotels are complicated operations with many different tiers of systems, and although AI is being integrated into individual hotel operations and chains, it isn’t fully utilized.
By combining artificial intelligence’s learning and predictive abilities with a blockchain’s decentralized and secure protocols we uncover something new: taking the guest experience to the next level. That’s exactly what Modihost brings to the hospitality industry.
AI-powered suggestions to help customers have more fulfilling, flawless hotel experiences – Using hotel metrics and information gathered in the past on a customer, the AI attempts to make accurate suggestions to users. If the proposal is acted upon by the user and the user’s actions match the algorithm’s predictions, success. However, if the user reads the suggestion but doesn’t act on it, it triggers an evaluative process that reanalyzes the factors leading up to the suggestion.
Fair payment system using blockchain – Hotels exist to make a profit, and companies like Modihost exist to help those hotels make more profit while making a profit themselves. A hotel using Modihost services will pay on a per-use schedule, all of which is tracked on a blockchain for immutable fairness.
There are two key streams of income for Modihost: pool fees and data sales. Pools exist on a blockchain to help hotels use Modihost without having to buy tokens upfront. Hotel is paying a small premium (determined by the pool) to ‘borrow’ money for an extremely brief time. The pool fee is split by Modihost and the owner of the pool, which encourages investors to buy tokens and create pools to start earning commission on fees.
Modihost also generalizes private data to be packaged and sold to interested companies. Imagine that Hotel Z is performing poorly in the offseason, so they put a query into the Modihost system for specific trends regarding the poorly performing months. Using anonymized data, Modihost responds by selling Hotel Z generalized analysis of guests’ ages, genders, country of origin, preferred language, and more.
Hotel Z uses this data to run specific promotions, change its staff to better suit its guests’ needs, or create a special referral bonus aimed at key target groups.
https://modihost.io/.