In San Francisco, due to the availability of distinct stay options (rent, host, hostel) and significant competition among rental communities, prices may fluctuate on the minute. Deciding on a rental space fee is a complex task, and many companies have lost billions of dollars due to uninformed pricing for available space. Airbnb has found a unique niche in the hotel industry modeled after the sharing economy by implementing the price feature concept.
We implemented a predictive data analysis model incorporating intelligent technology and data analytics to offer constant price suggestions to achieve predetermined profitability targets for every host.
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