About the speaker
Siddharth Goenka s the CEO & Founder of Aiosell Technologies. He is a Computer Science Graduate from Purdue University, USA. Also, an MBA from Indian School of Business, Hyderabad. And, a boarding school alumni from the Scindia School Gwalior. Siddharth has worked as a software engineer in Microsoft, Seattle. Also, he has worked as a Management Consultant at Accenture & Carlson Marketing in Mumbai. He moved to Bangalore in 2012 to start Octave Hotels. And turned it around from a loss-making 39 room hotel to a profit making chain of 7 hotels & 240 rooms. During an interaction with TheTechPod – “Hospitality Industry will chase efficiency in the future”, says Siddharth Goenka.
Siddharth comes with a unique blend of skillsets required for Aiosell. Because he has a mix of software engineering, hospitality management, and management consultant. Which gives him the edge at Aiosell Technologies. Siddharth is the consumer of his own product.
About the company
Aiosell is a unique B2Bproduct that uses Artificial Intelligence & Machine Learning to do dynamic pricing and revenue optimization for hotels. Resulting in improved occupancy and higher rates. And reduction of operational costs and overheads. The system uses several internal & external factors to determine rates real-time (occupancy, demand, lead-time, competition, seasonality, weekday, time of booking, etc). Which uses automation and AI to connect to all online distribution channels and result in maximizing revenues and occupancy.
Siddharth Goenka, MD of Octave Hotels runs a chain of 7 hotels in Bangalore. And, while optimizing his hotel business, he was looking for rate intelligence tools that could help him optimize rates for his hotels. Also, reduce his manual overheads and maximize business. When he realized that there was no available product like this in the market. He teamed up with Smriti Singh (ex Revenue Manager ITC Hotels) to conceive, design and develop Aiosell.
In an interaction with Rohit Sardana, Siddharth Goenka speaks about the future of hospitality industry in India. Also, Rohit Sardana is the Editor-in-Chief at TheTechPod and Co-founder of IncubateIND. Let’s hear the complete podcast. And, also understand – “Hospitality Industry will chase efficiency in the future – Siddharth Goenka”.