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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.

Hotels 52
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Hotel Revenue Management: Solutions, Best Practices, Revenue Manager’s Role

Altexsoft

KPI tracking. The last point is of special importance, because the KPIs define the success of the whole strategy. KPIs in hotel revenue management. Revenue per available room (RevPAR) – a KPI that assess financial and business performance of a hotel. This KPI captures a snapshot of overall business performance.

Hotels 66