Patterns of Regional Travel Behavior: An Analysis of Japanese Hotel Reservation Data

Details Patterns of Regional Travel Behavior: An Analysis of Japanese Hotel Reservation Data Patterns of Regional Travel Behavior: An Analysis of Japanese Hotel Reservation Data

2012-04-02

arxiv.org/abs/1204.0442v1

Physics

Data Analysis, Statistics and Probability

22 pages, 16 figures; International Review of Financial Analysis (2011)

Scientific paper

10.1016/j.irfa.2011.06.016

This study considers the availability of room opportunities collected from a Japanese hotel booking site. We empirically analyze the daily number of room opportunities for four areas. To determine the migration trends of travelers, we discuss a finite mixture of Poisson distributions and the EM-algorithm as its parameter estimation method. We further propose a method to infer the probability of opportunities existing for each observation. We characterize demand-supply situations by means of relationship between the averaged room prices and the probability of opportunity existing.

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