Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI
AltexSoft
JUNE 21, 2023
We also investigate predicting ADR through machine learning and strategies to enhance this KPI. This is where the power of machine learning comes into play, utilizing ADR for hotel price prediction tasks. Recognizing which factors to consider and which to exclude is a critical step in the data preparation process.
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