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.
This manuscript is prepared based on the presentation at Complex 2012 at Santa-Fe, NM, USA on 6 December, 2012.
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© 2013 ICST Institute for Computer Science, Social Informatics and Telecommunications Engineering
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Sato, AH. (2013). Detecting Demand-Supply Situations of Hotel Opportunities: An Empirical Analysis of Japanese Room Opportunities Data. In: Glass, K., Colbaugh, R., Ormerod, P., Tsao, J. (eds) Complex Sciences. Complex 2012. Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering, vol 126. Springer, Cham. https://doi.org/10.1007/978-3-319-03473-7_27
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DOI: https://doi.org/10.1007/978-3-319-03473-7_27
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