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Predicting hotel booking cancelation with machine learning techniques

delete2023-09-27
delete8
PRE
AI
M
Myongjee Yoo *
A
Ashok K. Singh
N
Noah Loewy
DOI:10.1108/JHTT-07-2022-0227delete
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摘要

摘要

En 中文
Purpose- The purpose of this study is to develop a model that accurately forecasts hotel room cancelations and further determines the key cancelation drivers.Design/methodology/approach- Predictive modeling, specifically the machine learning methods, is used to forecast room cancelations and identify the main cancelation factors.Findings- By using three different classification algorithms, this study demonstrates that hotel room cancelation can be accurately predicted using XGBoost, as well as the ensemble method involving Support Vector Machine, Random Forest and XGBoost.Originality/value- This study attempted to forecast hotel room cancelations by applying a relatively new method, machine learning. By implementing predictive modeling, one of the most emerging and innovative research methods, this study ultimately provides prediction suggestions in various aspects and levels for hotel management operations.
Keyword:
Forecasting
Machine learning
Revenue management
Big data
Predictive modeling
Hotel booking cancelation

期刊

Journal of Hospitality and Tourism Technology 封面图
Journal of Hospitality and Tourism Technology
IF:
6.9
论文数:
450
被引数:
2.4K

机构

C
California State Polytechnic University Pomona
学者数:
715
论文数: 614
被引数: 17
California State University System 封面图
California State University System
学者数:
2.8W
论文数: 2.4W
被引数: 457
N
nevada system of higher education (nshe)
学者数:
1.4W
论文数: 1.3W
被引数: 30
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引用论文

引用论文

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