Post by High Priestess on Sept 21, 2015 1:12:35 GMT
Peter shared:
How Airbnb Uses Big Data And Machine Learning To Guide Hosts To The Perfect Price
"Price Tips, a feature that the company announced Thursday at its OpenAir
conference in San Francisco, is a constantly updating guide that tells
hosts, for each day of the year, how likely it is for them to get a
booking at the price they’ve currently chosen. Hosts can glance at a
calendar and see what dates are likely to be booked at their current
price (green) and which aren’t (red), and they can get price suggestions
as well. When hosts price themselves within 5% of the suggested price,
they are “nearly four times” as likely to get a booking as when they
don’t, Airbnb said."
Click onforb.es/1APjmhe for Forbes article.
How Airbnb Uses Big Data And Machine Learning To Guide Hosts To The Perfect Price
"Price Tips, a feature that the company announced Thursday at its OpenAir
conference in San Francisco, is a constantly updating guide that tells
hosts, for each day of the year, how likely it is for them to get a
booking at the price they’ve currently chosen. Hosts can glance at a
calendar and see what dates are likely to be booked at their current
price (green) and which aren’t (red), and they can get price suggestions
as well. When hosts price themselves within 5% of the suggested price,
they are “nearly four times” as likely to get a booking as when they
don’t, Airbnb said."
Click onforb.es/1APjmhe for Forbes article.