pp. 2311-2319
S&M2619 Research Paper of Special Issue https://doi.org/10.18494/SAM.2021.3278 Published: July 6, 2021 Optimal Pricing Based on Real-time Monitoring of Hotel Information [PDF] Xiaojie Chen, Chan Wang, Jiali Chen, Huixu Yang, Chih-Hsien Hsia, and Shun-Jhen Huang (Received December 31, 2020; Accepted May 24, 2021) Keywords: monitoring system, crawler program, best pricing, data mining, software testing
Online travel agencies (OTAs) are becoming popular nowadays. Travelers now search for and compare room prices of hotels online, which makes the competition between hotels in terms of room price fierce. For convenient and precise information on room prices, we propose a real-time monitoring system of room prices for hotel management to follow the changes in hotel information. The system finds the best price and provides a reference room price. The results show that the proposed method proposes the optimal price by considering competitors’ prices. The results of this research provide a basis for improving existing travel and hotel reservation services for travelers.
Corresponding author: Chan Wang, Huixu YangThis work is licensed under a Creative Commons Attribution 4.0 International License. Cite this article Xiaojie Chen, Chan Wang, Jiali Chen, Huixu Yang, Chih-Hsien Hsia, and Shun-Jhen Huang, Optimal Pricing Based on Real-time Monitoring of Hotel Information, Sens. Mater., Vol. 33, No. 7, 2021, p. 2311-2319. |