Hostaway, a popular vacation rental software company, recently announced that it has launched ChatGPT-powered AI technology to help increase bookings for property managers and channel manager clients. The company hopes that this new tool will help offer an improved experience for both guests and property managers alike.
Martin Rand, the co-founder and CEO of Pactum AI, recently joined “Mornings with Maria” to explain Walmart’s decision to use artificial intelligence to negotiate with vendors. The tech giant recently started negotiations with the help of ChatGPT to reduce costs.
ChatGPT was developed by OpenAI, a Silicon Valley-based AI provider, and is being used across various industries such as construction, education, and law enforcement since its launch in November last year. A survey conducted by WordFinder indicated that nearly a quarter of Americans had used ChatGPT for work in four months since its release.
Hostaway’s digital tools, which are used by Airbnb, Booking.com, and Vrbo, are used to automate marketing, sales, communication, operations, reporting, and accounting for property managers. Its newest AI tool will use algorithms to match the tone and styles of operators to maintain a consistent brand and message. Furthermore, Sabere Kordestanchi, the Co-Founder and Chief Operating Officer of Hostaway, stated that this is only the first of many expected enhancements to be made with the help of AI.
Overall, the AI tool from Hostaway will make managing listings much easier for property managers and channel manager clients. It will help buyers and sellers communicate more efficiently and save time to make a better renting decision. AI is going to revolutionize the experience of property managers and their guests in the hospitality industry.
