Demand Forecasting

Hotel, Resorts & Cruise Line

Analyzing customer behavior patterns and real-time data can help you forecast demand with higher accuracy.
Demand forecasting analysis is useful for revenue management, inventory management, and implementing dynamic pricing strategies.
Data Analytics and machine learning help define the optimal room rate in real-time to maximize revenue.

Benefits for the company

This strategy helps the hotel industry by correctly allocating the resources, investments, setting optimal prices by having an knowledge of the real return on properties in the future.



Type of expertise/ AI domain

Regression Techniques, Random Forest – Gradient Descent

Internal data required

Historic Booking data, Customer Demographic Data

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