Journal
SUSTAINABILITY
Volume 15, Issue 1, Pages -Publisher
MDPI
DOI: 10.3390/su15010617
Keywords
hotel pricing; machine learning; recursive feature elimination; spatial perspective
Ask authors/readers for more resources
This study uses big data and machine learning methods to explore the influencing factors of budget hotel pricing in Sanya City from a spatial perspective. By using a feature extraction model, they selected 40 important impact characteristics and predicted the spatial distribution of hotel pricing.
The goal of investors in the hotel business is to maximize profits, and the price is an important means of achieving this goal. This has attracted many scholars to study the spatiotemporal relationship between hotel room prices and their possible influencing factors from different perspectives. However, most existing studies adopt the linear assumption of the hedonic model, with limited features and a lack of feature selection procedures. Additionally, there are few forecasts of hotel pricing from a spatial perspective. To overcome these gaps, this study adopts linear and nonlinear machine learning methods based on the big data of Sanya City to explore the influencing factors of budget hotel pricing. Based on the spatial perspective, 81 potential factors were considered. They are further selected using a feature extraction model called recursive feature elimination. Six machine-learning algorithms were evaluated and compared: random forest, extreme gradient boosting, multi-linear regression, support vector regression, multilayer perceptron regression, and K-nearest neighbor regression. The optimal value was used to further calculate the feature importance. They disclosed 40 important impact characteristics and predicted the spatial distribution of hotel pricing.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available