Worldwide: Corporate accommodation platform AltoVita will launch in 2025 its Alto360 product, a tool for business travel and global mobility managers to benchmark and forecast data.
Alto360 is a real-time data intelligence tool that uses AI to analyse historical prices, occupancy, and overall market trends to predict future prices. It can be used to design corporate accommodation programs for any location worldwide.
The platform will evaluate several factors including:
• Historical rates from AltoVita’s database
• Future rates and occupancy levels from integrations with channel managers, property management systems (PMS), and online travel agencies (OTAs) that AltoVita supports
• Market events
• Size of dataset
By incorporating Alto360 into operational toolkits, business travel and global mobility managers will be able to receive forecasted ADRs that can be filtered by location, length of stay, property type, travel dates, and business line.
Current ADRs can be compared against budget projections, providing perspective on financial planning and performance. Rates can also be compared against occupancy and market ADRs for broader analysis.
Historical data can be leveraged such as total spent, budget savings, lead times, bookings, cancellations, conversion rates and more, to inform decision-making when planning corporate accommodation programs.
Further details on Alto360 can be found here. The product will launch officially in 2025.
