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
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