Estimating Hospitality Industry Recovery Using Big Data and AI
The hospitality industry will experience a significant transformation through the COVID-19 pandemic and in the post-pandemic era. But the old models of forecasting based on historical data are not as accurate and effective in the current situation. This analysis outlines a new framework and model for real-time forecasting of key hotel metrics – occupancy, ADR and RevPAR – with examples from major North American hotel markets. Utilizing this model, hotels and the broader travel industry can more effectively plan for the rebound in demand.
What is Open Access
An Open Access subscription provides company-wide access to the whole library of Phocuswright’s travel research and data visualization.Learn More
Curious? Contact our team to learn more:+1 860 350-4084 501 firstname.lastname@example.org
What is Open Access+
With Open Access+, your company gets access to Phocuswright's full travel research library and data visualization PLUS Special Project deliverables.Learn More