Predictive Analytics Times
Predictive Analytics Times
EXCLUSIVE HIGHLIGHTS
Dr. Data Show Video: How Can You Trust AI?
 Watch the second episode of The...
Three Common Mistakes That Can Derail Your Team’s Predictive Analytics Efforts
  Originally published by Harvard Business...
Artificial Intelligence: Are We Effectively Assessing Its Business Value?
 As most data science practitioners know,...
Dr. Data Show Video: Why Machine Learning Is the Coolest Science
 Watch the premiere episode of The...
SHARE THIS:

2 years ago
Case Study: Hotel Occupancy Forecasting’s Big Payoff

 This Predictive Analytics story started with a question as most Predictive sojourns do. During a process improvement project meeting for a national resort company a question was posed; how much could the company save with an improved occupancy forecast? Accurate occupancy forecasts are vital for resorts as staffing is determined from this forecast. The current forecasts were on average 3.5% over/under the actual occupancy. This caused the company to under/over staff by nearly the same amount. An improvement of 1% would save an estimated $284,000 company wide over a year’s time. Lastly, the larger the resort the larger the savings

To view this content
Login OR subscribe for free

Already receive the Predictive Analytics Times emails?
As of January 2014, the Predictive Analytics Times now requires legacy email subscribers to upgrade their subscription - one time only - in order to attain a password-protected login and gain complete access.

Click here to complete this one-time subscription upgrade

  

Existing Users Log In
   
New User Registration
*Required field

Comments are closed.