During Turbulent Economic Times
Carnus Systems, the leading artificial intelligence forecasting and labor scheduling provider,
reports a spike in new inquires and implementations as the hospitality industry seeks to
maintain profitability amidst economic uncertainty
San Francisco, April 7, 2008 - With worries of an economic recession looming over the U.S. and global markets and hotel operating costs continuing to rise, hotel owners and operators are placing extra emphasis on controlling costs, particularly in labor, to minimize the impact on hotel profitability. Payroll and related labor costs account for roughly half of all total operating expenses in the hotel and gaming industry. The single most important factor in controlling labor costs and maximizing worker productivity is an accurate forecast of upcoming demand levels across all departments. Outdated and error-prone forecasting practices in the hotel industry such as using simple capture ratios or basic human intuition are no longer an acceptable practice in today’s advanced world of information technology. Hotel owners and operators are now turning to a new technology to solve the industry’s age-old challenge of accurately predicting demand levels on a consistent basis to control labor costs and maximize profitability.
“Very few would argue that forecasting accuracy is the single most important factor in controlling labor. Carnus System’s cost-effective and user-friendly technology offers the most advanced and accurate forecasting solution in existence which is the reason why more and more owners and operators continue to turn to us for help,” explains Vicky Bradshaw, CEO of Carnus Systems.
Carnus Systems will be showcased at the Hospitality Industry Technology Exhibition & Conference (HITEC) June 16-19 in Booth 1939 at the Austin Convention Center in Texas.
|Also See:||One of Florida's Largest Resorts Applies Artificial Intelligence Technology to Reduce Labor Cost; 2,300-unit Orange Lake Orlando Resort implements Carnus System's patent-pending Artificial Intelligence technology to automate entire F&B demand forecasting and labor scheduling process / March 2008|
|Carnus Systems Forecasting Technologies Featured in Three Leading Hospitality Industry Publications; Carnus Systems' artificial intelligence forecasting technology is showcased as leading business intelligence in the Food Service and Hospitality, HOTELS, and Cornell Hotel School magazine / June 2007|
|F&B Labor Scheduling Robot Unveiled; Carnus Systems introduces the first artificial intelligence solution to provide seamless forecasting and employee scheduling for F&B operations / January 2007|
|Carnus Systems Named 2006 IH/M&RS Editors’ Choice Awards Finalist; Artificial Intelligence F&B Forecasting Technology Grabs Attention at the 91st International Hotel/Motel & Restaurant Show® in New York City / Novmeber 2006|
|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|