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Hotel Price Prediction: Hands-On Experience of ADR Forecasting

AltexSoft

The key objective behind this task is to set the best booking prices to entice customers and ensure that hotels take full advantage of their business potential. This blog post will delve into the challenges, approaches, and algorithms involved in hotel price prediction. What is hotel price prediction?

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Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI

AltexSoft

The formula for vacation rental ADR is as follows: In the formula: the “total rental revenue represents the total revenue earned from a reservation, including daily rates and cleaning fee; the “number of nights booked” is the sum of all individual nights that guests have stayed or will stay at the property.

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100+ Machine Learning Datasets Curated For You

ProjectPro

Undoubtedly, everyone knows that the only best way to learn data science and machine learning is to learn them by doing diverse projects. Table of Contents What is a dataset in machine learning? Why you need machine learning datasets? Where can I find datasets for machine learning? Why you need machine learning datasets?

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Top Data Cleaning Techniques & Best Practices for 2024

Knowledge Hut

What is Data Cleaning? Data cleaning, also known as data cleansing, is the essential process of identifying and rectifying errors, inaccuracies, inconsistencies, and imperfections in a dataset. It involves removing or correcting incorrect, corrupted, improperly formatted, duplicate, or incomplete data.

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Occupancy Rate Prediction: Building an ML Module to Analyze One of the Main Hospitality KPIs

AltexSoft

The same formula goes for vacation rental property management, but instead of rooms, you calculate the percentage of booked vacation rental units. For example, if you run 85 vacation rentals and 70 of them are booked tonight, then tonight’s occupancy rate is around 82 percent (70 divided by 85 and multiplied by 100). Data sources.

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Top 15 Power BI Project Ideas

Knowledge Hut

Microsoft created Power BI, a business analytics tool that enables users to visualize and analyze data from various sources quickly and interactively. It provides a wide range of features and functionalities, including data preparation, data modeling, data visualization, and collaboration tools.

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AI in Short-Term Rentals: How Machine Learning Shapes STR

AltexSoft

AI in a nutshell Artificial Intelligence (AI) , at its core, is a branch of computer science that focuses on developing algorithms and computer systems capable of performing tasks that typically require human intelligence. Deep Learning is a subset of machine learning that focuses on building complex algorithms named deep neural networks.