A system that provides personalized travel suggestions based on user preferences, past behavior, and external factors.
Menu
Glossary Term: Machine Learning
9 posts
Sophisticated algorithms used by revenue management systems to automatically adjust nightly rates for short-term rentals based on real-time market data and demand fluctuations.
A set of rules or calculations used by software to automatically adjust rental prices based on factors like demand, competition, and time of year.
Software platforms and applications that provide data-driven insights and recommendations for optimizing pricing and revenue in the short-term rental market. These tools often leverage artificial intelligence (AI) and machine learning algorithms.
A hypothetical scheduling system that utilizes machine learning algorithms to optimize booking schedules based on factors like guest preferences, property availability, and market demand.
A feature within some property management platforms that uses machine learning algorithms to predict future occupancy rates for short-term rentals.
Microsoft’s cloud-based artificial intelligence (AI) platform that provides tools and services for building intelligent applications, including those for short-term rental management.
A cloud-based service in Microsoft Azure for building, training, and deploying machine learning models, potentially used for price optimization and guest behavior analysis in short-term rentals.
A dynamic pricing strategy for short-term rentals that uses algorithms and machine learning to analyze factors like demand, seasonality, and competitor pricing to automatically adjust daily rates for optimal revenue.