Sciative Solutions, a pioneer in AI-driven pricing technology, has launched ZettaPrice, a revolutionary Revenue Management System (RMS) tailored to meet the dynamic needs of the hospitality industry. Designed to optimize Revenue per Available Room (RevPAR), ZettaPrice combines advanced AI automation with strategic human oversight, offering a transformative tool for hotels, villas, and homestays to enhance their revenue strategies.

After delivering significant growth for over 200 businesses across industries like Airlines, Luxury Coaches, and Consumer Retail through its Dynamic Pricing and Discount Optimization solutions, Sciative now extends its expertise to the hospitality sector.

Tackling Post-Pandemic Challenges

"The hospitality industry has undergone significant changes post-pandemic, with unpredictable booking trends and increasing demand for personalized experiences," said Dr. Anshu Jalora, Founder and Managing Director of Sciative Solutions. "ZettaPrice is designed to address these challenges by blending AI-driven insights with human expertise, ensuring that hotels remain agile, responsive, and profitable."

Bridging the RMS Gap for Small and Mid-Sized Hotels

Traditional RMS solutions often fail to cater to the needs of smaller hospitality businesses due to complexity and high costs. ZettaPrice fills this gap by delivering intelligent revenue management at an affordable price point, empowering even small and mid-sized hotel chains to compete effectively.

Key Features of ZettaPrice:

1. AI-Powered Demand Forecasting – Uses machine learning to analyze historical sales, market trends, and customer behavior, delivering precise demand predictions.
2. Real-Time Pricing Automation – Adjusts room prices dynamically, with alerts sent via email or WhatsApp for unusual booking trends.
3. Optimized Channel and Booking Restrictions – Minimizes commissions and maximizes revenue by evaluating booking channels and corporate contracts.
4. Competitive Benchmarking – Tracks competitors in real-time to ensure pricing remains competitive.
5. Virtual Inventory Nesting – Manages overbooking and optimizes inventory to offer premium rooms at base prices during low-demand periods.

Human-in-the-Loop Framework

What sets ZettaPrice apart is its human-in-the-loop framework, which allows revenue managers to fine-tune AI-generated recommendations based on strategic goals. This feature provides the perfect balance of automation and expert oversight.

"ZettaPrice handles the heavy lifting of daily pricing adjustments while enabling revenue managers to shape their own strategies. It’s about staying ahead of market trends while maintaining full control," said Vijeta Soni, Co-Founder and CEO of Sciative Solutions.

Industry Insights and Impact

Sciative's research, involving over 200 industry stakeholders, emphasized the demand for user-friendly, effective revenue management tools. With ZettaPrice, the company aims to empower hospitality businesses to unlock the full potential of their data, streamline operations, and achieve long-term sustainable growth.

"ZettaPrice is not just a tool; it’s a strategic partner," added Dr. Jalora. "Having driven growth of 15% to 40% in other industries, we’re thrilled to bring this expertise to hospitality, offering a game-changing solution for hoteliers worldwide."

For more details, visit https://www.sciative.com.

About Sciative Solutions

Sciative Solutions specializes in AI-driven pricing technology, helping businesses across industries optimize revenue and profitability. With a focus on dynamic markets, Sciative offers tailored solutions that empower companies to stay ahead of the curve.

A historic moment unfolded in India’s crane rental and heavy lift industry on November 24, 2024, with the official unveiling of HEFT Cranes International Pvt. Ltd. The initiative, powered by the collaboration of four industry veterans, represents over five decades of leadership and expertise in heavy lifting. SKIL Events played a pivotal role in orchestrating the event, ensuring a seamless experience with meticulous attention to every detail—from venue arrangements and hospitality to artist performances and technical support.

HEFT Cranes International is the result of a unified effort by Amrik Singh & Sons Crane Services Pvt. Ltd., Barkat Cranes & Equipment Pvt. Ltd., Shethia Erectors & Material Handlers Ltd., and Manoj Chaudhari, a stalwart in the crane industry. This collaboration combines unparalleled strength, infrastructure, and industry knowledge, positioning HEFT Cranes as a formidable force in the sector.

The newly formed entity is driven by an ambitious vision to redefine standards in crane rental services and heavy lifting. Their mission includes supporting transformative projects crucial to India’s development, adapting to the evolving needs of the industry, and offering comprehensive solutions to clients. Notably, HEFT Cranes is the first Indian company to own cranes with extraordinary lifting capacities ranging from 1600T to an impressive 4000T, signaling their intent to lead the industry into a new era.

Ramanpreet Singh, Vice President of SKIL Events, expressed pride in their role, saying, “At SKIL, we are honoured to have partnered with HEFT Cranes for this grand launch. The event showcased our expertise in delivering tailored event solutions that resonate with our client’s vision. HEFT Cranes is poised for extraordinary growth, and it was a privilege to be part of their journey.”

Adding to the sentiments, a Director of HEFT Cranes remarked, “HEFT Cranes International is not just a business endeavor; it’s a bold new chapter for India’s heavy lift industry. SKIL’s dynamic team brought our vision to life with exceptional execution, from innovative storytelling through sand art to the captivating performances by international harp and violin artists. It was a memorable event that set the tone for our exciting future.”

With a commitment to innovation and excellence, HEFT Cranes International is gearing up to revolutionize the crane rental and heavy lift industry in India. As the event marked the beginning of this groundbreaking venture, it also showcased SKIL’s unmatched capabilities in curating impactful and memorable experiences.

HostBooks Limited has announced the launch of Aahar POS, a state-of-the-art Point of Sale system designed specifically to meet the evolving demands of the food and beverage (F&B) industry. This innovative platform promises to transform operations and elevate customer experiences through its wide array of advanced features.

The timing of the launch aligns with the rapid growth of the global POS market, which was valued at USD 29.02 billion in 2023. Projections indicate the market will grow to USD 110.22 billion by 2032, with a compound annual growth rate (CAGR) of 16.1%. Notably, the U.S. POS market is expected to reach USD 17,389.0 million by the same year, reflecting the rising demand for advanced technological solutions in the industry.

Transformative Features of Aahar POS

Aahar POS offers a comprehensive suite of tools that streamline key aspects of F&B operations, including:

• Billing and Sales Management: Seamless over-the-counter billing and efficient sales tracking.

• Digital Menus and QR Codes: Enables hassle-free digital menu management and QR code-enabled ordering.

• Real-Time KOT Monitoring: Improves kitchen operations with real-time updates.

• Loyalty Programs and Discounts: Enhances customer retention through engagement tools.

• Table Reservations and Online Orders: Facilitates smooth handling of dine-in and takeaway services. 
  

  

Kapil Rana, Chairman and Founder of HostBooks Limited, emphasized, “Aahar POS is not just a tool; it’s a transformative solution that redefines how F&B businesses operate. By integrating innovative features with a user-friendly interface, we are enabling businesses to focus on their growth and customer satisfaction.”

Biswajit Mishra, Co-Founder of HostBooks Limited, echoed this sentiment, stating, “The F&B industry is rapidly evolving, and technology plays a crucial role in meeting the rising demands of efficiency and personalization. Aahar POS reflects our commitment to equipping businesses with powerful tools to streamline operations and enhance customer experiences.”

Tailored for Every F&B Niche

Aahar POS caters to a wide range of establishments, including restaurants, bars, cafes, pizzerias, bakeries, quick-service outlets, cloud kitchens, and hotels. Its unique features, such as waiter management tools and split billing, are designed to optimize workflows, reduce wait times, and ensure exceptional dining experiences for guests.

With Aahar POS, HostBooks Limited is set to empower F&B businesses by harnessing the power of technology. This transformative solution positions itself as a game-changer in an increasingly competitive industry, helping businesses thrive by delivering personalized and efficient services.