Cloudbeds, a leader in hospitality technology, has introduced the first AI foundation model built specifically for hotel forecasting, driving real business results for the industry. Developed in partnership with Snowflake ML, this model significantly improves occupancy and revenue predictions, transforming how hoteliers manage operations worldwide.
Rewriting Forecasting with AI
Cloudbeds’ AI-driven approach has evolved forecasting methods, delivering:
- 95% accuracy in occupancy and revenue predictions.
- Partitioned model training, cutting iteration time from 12 hours to 30 minutes.
- Real-time pipelines, processing 4 billion signals per hour.
- Advanced feature store and causal AI, enabling insights across all market segments.
Solving Hospitality’s Unique Challenges
Hotel forecasting is far more complex than standard time series predictions, as it involves tracking occupancy progression leading up to the stay date, rather than just the final occupancy figure. Cloudbeds’ model handles two-dimensional time series data, offering far more accurate and dynamic forecasting across thousands of properties.
Industry-Changing Best Practices
Cloudbeds’ collaboration with Snowflake ML has reinforced several key innovations:
- Systematic tracking of features for reliable model performance.
- Multi-dimensional evaluation uncovering critical insights for improvement.
- Partitioned model training reducing computing costs and accelerating testing.
- Efficient third-party data integration boosting forecasting accuracy.
Expanding AI Capabilities for the Future
Building on its success, Cloudbeds continues to refine forecasting models, integrate new external data sources, and expand capabilities into areas like guest sentiment analysis. The company is also deepening the integration of AI-powered forecasting outputs into broader hotel management workflows.
With its Cloudbeds Intelligence layer, the company is reshaping how hotels plan for demand, making data-driven decisions smarter and faster. This innovation sets a new standard in hospitality AI, positioning Cloudbeds at the forefront of industry transformation.
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