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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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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. It might show you that your property is most popular at the weekends or during the holiday season, or when some sport events take place nearby. The CPOR is a crucial KPI that allows you to monitor your expenses. sign on your door.

Hotels 64