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Showing posts from January, 2020

What affects hotel prices in India and USA?

What affects hotel prices in India and USA? We analyzed the prices of 2559 hotels across 42 cities in India and 7 cities across USA for 8 days.  The aim was to find out the which factors affect the hotel prices in India & in USA .  How did we arrive at these results ? The data about the hotels included a total of 9 factors ( variables) -  Star Rating,  Hotel Capacity,  Weekend prices, Holiday prices, Free Wifi (Yes/No), Free Breakfast ( Yes/ No), Swimming Pool ( Yes/ No),  T ourist destination (Yes/No) , Country (India/ USA) The following result (of regression analysis with log) can be used for predicting hotel prices in India & USA. For India ( IsIndia = 1) For USA ( IsIndia = 0) Interpretation of Regression Analysis Results :  Keeping all other variables constant In US- ·         Hotels in the tourist destinations in general, charge 3.38% higher Room Rent. ·         Unit increase in star rating in general, increases the room rent by 45

Trend Impact - Amazon Rainforest Fires

Amazon Rainforest Fires Amazon Rainforest trended 1 week 18 - 24 August and a total of 5 Mn search volume was generated in this duration.  The Full Story: Amazon & Brazil-  Amazon spans approximately 6.7 Mn sq. km. (Twice the size of India).  It is shared by 8 countries and approx. 60%  basin is located in Brazil.  Reasons for Amazon Fires-           In Bolsonaro's first year as President, Brazilian rainforests fared the highest loss in the decade.  2019 Forest Fires-          About 76,000 fires were burning across the Brazilian Amazon at August 2019 count , an increase of  over   80% up form the same period last year.        Scientists found that most of the fires burning today was match up with the spots were trees were cut earlier this year.       The Scale of area cleared in July Month was 278% higher than July 2018.   Effect on Environment   -        Amazon is starting to reach a tipping poin