article thumbnail

Length of Stay in Hospital: How to Predict the Duration of Inpatient Treatment

AltexSoft

How many days will a particular person spend in a hospital? This article describes how data and machine learning help control the length of stay — for the benefit of patients and medical organizations. In the US, the duration of hospitalization changed from an average of 20.5 Source: OECD Data. Here is a ?ouple

article thumbnail

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

AltexSoft

Navigating the increasingly competitive hospitality sector landscape demands a thorough grasp of the vital performance indicators that display profitability. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. ADR , in the hospitality industry, stands for the average daily rate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

AltexSoft

Read on to find out what occupancy prediction is, why it’s so important for the hospitality industry, and what we learned from our experience building an occupancy rate prediction module for Key Data Dashboard — a US-based business intelligence company that provides performance data insights for small and medium-sized vacation rentals.

article thumbnail

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

AltexSoft

This includes learning, reasoning, problem-solving, perception, language understanding, and decision-making. The key terms that everyone should know within the spectrum of artificial intelligence are machine learning, deep learning, computer vision , and natural language processing. The early adopters, plain and simple.”

article thumbnail

AutoML: How to Automate Machine Learning With Google Vertex AI, Amazon SageMaker, H20.ai, and Other Providers

AltexSoft

Machine learning evangelizes the idea of automation. On the surface, ML algorithms take the data, develop their own understanding of it, and generate valuable business insights and predictions — all without human intervention. In truth, ML involves an enormous amount of repetitive manual operations, all hidden behind the scenes.

article thumbnail

Hotel Price Prediction: Hands-On Experience of ADR Forecasting

AltexSoft

Hotel price prediction is a critical aspect of the travel industry, and with the rise of machine learning , it has become more precise and accurate. We’ll also share what we learned from our experience building a price prediction module for Rakuten Travel. Check out our video on how revenue management works in hospitality.

article thumbnail

10 Best Big Data Books in 2024 [Beginners and Advanced]

Knowledge Hut

This big data book for beginners covers the creation of structured, unstructured, and semi-structured data, data storage solutions, traditional database solutions like SQL, data processing, data analytics, machine learning, and data mining.