The acceleration of needs and opportunities for travel and accommodation has spread the practice of yield management. Algorithms use a rational method of price calculation in order provide an optimal solution to the matching of supply with demand, thus combining the satisfaction of the needs of the customers and the financial profitability of the investment yield.
Sia Partners Data Science team designed a Bot in order to provide a proper measure of yield management policies in the luxury hotel business. Hotel prices are scraped every day on the web in order to retroengineer pricing policies. The application provides different price scenarios depending on the hotel, the type of suite, the arrival date, the reservation date or the occupation rate.
Interactive data visualizations give some valuable insights on how each palace is able to adapt its prices according to the context, in order to analyse and compare yield management strategies of Palace owners around the globe.