Editors’ Choice Awards Finalist
Artificial Intelligence F&B Forecasting Technology Grabs Attention at the
91st International Hotel/Motel & Restaurant Show® in New York City
FRANCISCO, November 20, 2006 – The 2006 International Hotel/Motel &
Restaurant Show® held at the Jacob Javits Convention Center in New
York on November 11-14 proved to be one of the industries best shows in
the recent past, featuring more than 35,600 in attendance and 1,250 exhibiting.
Appearing for the first time at the show, Carnus Systems, designers of
artificial intelligence F&B, labor, and revenue forecasting technology
for the hospitality industry, was named a 2006 IH/M&RS Editors’ Choice
“We believe that Carnus Systems’ artificial intelligence forecasting technology is helping to show the industry that using guesswork and/or capture ratios to staff multi-million dollar F&B operations is a relic of the past. By using a scientific approach to generating forecasts and scheduling, hotels can more effectively provide consistent service quality and minimize unnecessary labor costs. The automation and accuracy of this software enables hotel managers to spend more time exploring new revenue enhancement and cost containment opportunities and less time playing with numbers.” says Vicky Bradshaw, CEO of Carnus Systems.
Carnus Systems forecasting technology has quickly gained the attention of industry leaders. By demonstrating how artificial intelligence technology could successfully be applied to forecast within F&B departments, starting with the Pan Pacific Hotel in San Francisco, CA, Carnus Systems broke the long-held industry belief that poor-performing capture ratios and guesswork are the only way to forecast covers and labor due to radical daily F&B demand fluctuation. At the Pan Pacific Hotel, the Carnus F&B Forecaster yielded 90%-accurate daily restaurant and room service cover forecasts, allowing the hotel to staff appropriately. The Hyatt Regency in Jacksonville, FL, one of the largest Hyatts on the US East Coast and another major client of Carnus Systems, uses the Carnus F&B forecaster to accurately forecast for its restaurant and room service dining operations. Similar to the results achieved with Pan Pacific, the implementation of the Carnus F&B Forecaster at the Hyatt have yielded superhuman forecasting accuracies due to the technology’s ability to learn the intricate labyrinth of interactions that occur between variables that effect F&B demand.
According to Timothy D’Auria, Director of Data Analytics for Carnus Systems, “F&B departments are complex environments that often experience radical daily fluctuations in demand. This makes forecasting in such areas an extremely difficult mathematical challenge that cannot be accurately solved using a capture ratio or guesswork. By looking at other industries such as engineering, finance, and medicine, we found that artificial intelligence was well-suited for the complexities of hospitality forecasting and scheduling. Given the technology available today, it is time the hotel industry to address the labor control and scheduling challenge once and for all.”
East Coast Regional Office
|Also See:||Outlook: Superhuman Artificial Intelligence F&B Forecasting & Scheduling Technologies / October 2006|
|The Future of F&B: Using Superhuman Artificial Intelligence To Improve F&B Accuracy & Reduce Costs / October 2006|
|Accuracy, Automation, Artificial Intelligence: An All-In-One Approach to Revenue & Labor Management; Carnus Systems unveils Auto-RLM, the first automated Revenue & Labor Management System that uses artificial intelligence technology / August 2006|
|Accurate Forecasts Achieved Using Carnus Systems Automated Software at 966-Room Hyatt Hotel / June 2006|
|Carnus Systems Lays Roadmap for the Future of the Hospitality Industry / March 2006|
|Carnus Systems Releases Hospitality Forecasting Software / January 2006|