Question1: How are the prices affected by time? Interesting fact is that the range of the prices for the listings starts with 11$ and can reach up to 7163$ per night. The most expensive one on the list has around 195 positive reviews. From the figure above, we can conclude that the average price in Boston is the highest by the end of August and September till it starts to low down again from October till December. There is not enough data to better confirm but it looks like the listing price drops between November and February and starts raising up again in March.
The Egencia (an Expedia Group company) data science team builds AI into its platform in various different ways to create experiences that are personalized for travelers and travel managers. One of our approaches is to personalize flight and hotel search results for travelers who book on our platform. Recently, we've published how the Egencia Smart Mix Flight ranking model has helped personalize flight search results. Below, we discuss Egencia's personalized Smart Mix Lodging ranking model that enhances user experience and efficiency in hotel search, as well as booking. Egencia's hotel search UI provides users with the flexibility to set their preferences in a variety of ways, such as in-policy rates, price range, minimum star rating, amenities, etc.
Since its founding in 2007, Airbnb's hosts have logged hundreds of millions of guest arrivals. Not all of them have been ideal experiences. In January 2019, a woman in London-suburb Kensington rented her five-bedroom luxury apartment valued at £2.5m (US $3.45 million) to another woman who claimed she would host a surprise baby shower, according to the London Evening Standard. The surprise was on the host, who stayed on the property in her guest house. Hundreds of partygoers arrived for the party, which damaged the property and unnerved the host so much that she thought she might end up "dead or stabbed."
Can AI solve the labor shortage in the hospitality industry? Due to the global pandemic, hospitality businesses were forced to close for months which caused many employees to leave the industry. Many experienced hospitality professionals have found employment in other sectors that offer more stability and better wages due to the tsunami of furloughs and layoffs that slammed the industry during the pandemic peak. There is undoubtedly a hunt for technology solutions that can lessen the industry's labor crisis, and this is where Artificial Intelligence comes in. AI is now widely used to provide intelligent, convenient, and well-informed customer support.
In recent years, technological advancements have driven and manipulated the hospitality industry. Moreover, due to the COVID -19 pandemic, technology has evolved quickly like never before from virtual events to high-end robots. However, there is a humongous dilemma between AI & EQ in hospitality because the industry is all about "PEOPLE". The term emotional intelligence (EQ) was popularised by the psychologist, Daniel Goleman. Firstly, it is imperative to understand that technology is extremely important and will help any business to envision and reach goals.
In China, where labor shortages and soaring labor costs are increasingly serious problems, robots are replacing redundant, low value-added and sometimes dangerous human work. Hotels are no exception to this trend. As robot technology continues to improve, the service robots in hotels are attracting attention from venture capitalists and entrepreneurs. Established in 2019, Shanghai Jingwu Intelligent Technology makes robots, primarily for hotels. The startup's management and research and development team was once engaged in the robotics business of a listed company and has 17 years of experience in the field.
Newport, R.I., is renowned for its elegance, charm, beauty and history. Now there's a new hotel for visitors eager to take it all in. Newport, as much as it is a place full of the fancy and fabulous, can also be a perfect spot for a kicked back, sea soaked and super fun escape. From big rooms that let in lots of sun to the bright pops of artwork throughout, the nods to the sea, a fabulous restaurant and bar and, of course, a great pool area, the Wayfinder makes for a great escape. My husband and I used it as our home base for a recent weekend.
Travel is picking up again, and so is Airbnb Inc.'s business. After a big drop in revenue, job cuts and other cost-saving measures in 2020, the company saw a 5% revenue gain during the first quarter. Airbnb in May released a set of new features and policies to accommodate the post-pandemic traveler--one who travels domestically (because many borders remain closed), stays in each rental longer, and shows new interest in midsize cities such as Dallas or San Diego. The new features include the ability to show available dates outside the original search parameters and to show different kinds of lodging (for example, treehouses). The company, which is facing competition from other travel portals, is also working to attract new hosts with a number of changes, such as more support agents, a more streamlined process to list a property and artificial intelligence tools that recommend better ways to describe properties.
White people who host rental properties on Airbnb earn significantly more per year than Black hosts, but a "race blind" pricing algorithm could help close that income gap, new research shows. Black hosts who rely on Airbnb's algorithm to set enticing prices instead of manually choosing rates increase their occupancy rates significantly, bringing their earnings more in line with the higher rental incomes of white hosts, according to a study coauthored by Shunyuan Zhang, an assistant professor in the Marketing Unit at Harvard Business School. Zhang's findings come at a critical time for the travel industry. People eager to shake off their COVID-19 cabin fever are gearing up to take vacations, raising Airbnb bookings by 52 percent last quarter from a year earlier. Harnessing artificial intelligence to reduce racial economic disparities might help more property owners benefit from pent-up lodging demand.
Opened in November 2020, Hotel Sky in Sandton, Johannesburg, made its debut with three robots: Lexi, Micah, and Ariel. Lending a helpful hand to the human staff at the property, these robots are the hotel's answer to travelers' increased desire for socially distant interactions. Lexi, Micah, and Ariel can deliver room service, provide travel information, and carry up to 165 pounds of luggage each from the marble-floored lobby to the rooms.