Research Article
Detecting Demand-Supply Situations of Hotel Opportunities: An Empirical Analysis of Japanese Room Opportunities Data
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@INPROCEEDINGS{10.1007/978-3-319-03473-7_27, author={Aki-Hiro Sato}, title={Detecting Demand-Supply Situations of Hotel Opportunities: An Empirical Analysis of Japanese Room Opportunities Data}, proceedings={Complex Sciences. Second International Conference, COMPLEX 2012, Santa Fe, NM, USA, December 5-7, 2012, Revised Selected Papers}, proceedings_a={COMPLEX}, year={2013}, month={11}, keywords={Japanese Hotel Booking Data Demand-Supply Situation Comprehensive Analysis}, doi={10.1007/978-3-319-03473-7_27} }- Aki-Hiro Sato
Year: 2013
Detecting Demand-Supply Situations of Hotel Opportunities: An Empirical Analysis of Japanese Room Opportunities Data
COMPLEX
Springer
DOI: 10.1007/978-3-319-03473-7_27
Abstract
This study analyzes the availability of room opportunity types collected from a Japanese hotel booking site. The status of opportunity type is empirically analyzed from a comprehensive point of view. We characterize demand-supply situations of room prices at each region with both room availability and average room rate. The average room rate decreases in terms of the room availability in many districts. However, it is found that the average room rate increases with respect to the room availability in some districts. This is an evidence that the theory of demand and supply is not always satisfied in Japanese hotel industry.
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