Data Analytics in hotels is useful for inventory management.
Keep a close track of your supply with data analytics in hotels and identify usage trends as time passes.
This helps you maintain a balance of inventory – you neither run out of inventory nor have an excess of it at any point.
Benefits for the company
Efficient inventory management is helpful for successfully implementing hotel pricing strategies.
Type of expertise/ AI domain
Regression Techniques, Clustering, demand forecasting, predictive analysis
Internal data required
Historic Booking data, Customer Data, etc.
External data possible
Market, Weather, Economic Indicators