article thumbnail

Short-Term and Vacation Rental Data: Sources and Analysis

Altexsoft

According to the Global Vacation Rental Report 2022 , 40 percent of property managers rely on market business intelligence (BI) or analytics services, a big leap compared to just 13 percent before the COVID-19 outbreak. Now, let’s see how exactly your vacation rental business can benefit from data. Airbnb data.

article thumbnail

OTA Rates and Building ?ommission Engine: Best Practices and Lessons Learnt

Altexsoft

It inevitably affects tourism volumes and hence — flight demand, hotel occupancy rates , and other aspects of the travel business. Business intelligence and machine learning: advanced approaches to pricing. A regular commission engine assigns markups and markdowns to base prices, following the predefined business logic.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Sustainable Travel: Opportunities Digital Technology Provides for a Greener Business

Altexsoft

Greenhouse gases (tourism is responsible for around 8 percent of global carbon emissions, three-quarters of which is due to aviation), local resource overuse (e.g., Images are used to train the AI software so that eventually it can recognize waste types itself. The reason for the waste is also indicated.

Travel 95
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.

Hotels 52