StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Data Mining in Chain Hotels - Assignment Example

Comments (0) Cite this document
Summary
This study “Data Mining in Chain Hotels” seeks to help the hotel industry develop a database for many of its operations. Databases can be used by several users seeking businesses in this sector. It helps them to overcome challenges of competition and meet the demands of the market…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Data Mining in Chain Hotels
Read Text Preview

Extract of sample "Data Mining in Chain Hotels"

Download file to see previous pages Databases can be used by several users seeking businesses in this sector. It helps them to overcome challenges of competition and meet the demands of the market.
 This study seeks to develop a database for hotel chain management operating 20 hotels in 4 countries. The data mining for the store of information for each hotel and performs analysis with regard to the given hotel. For each hotel the data warehouse will store its name, type, address, country, region, postcode, phone number, and the name of the manager. The data also include different types of rooms like single, double, family, suits, etc. Each room may also incorporate certain optional features, such as refrigerator, kitchenette, or laundry. The system should have each room described as room’s type, size, number of beds, the maximum number of customers, refrigerator (Boolean), kitchenette (Boolean), laundry (Boolean). The capacity of the hotel chain to accommodate customers is limited. The database should help the management on how to price the hotel rooms in order to realize maximum revenue collection. Looking at the capacity of the hotel over time given in the data warehouse, they can easily come up with the prices. Comparison between the occupancy rate (utilization) and the vacancy rate is considered.
 The hotel chain’s capacity to accommodate customers is limited. Each hotel has a set number of rooms. The primary source of revenue is accommodation in hotel rooms. The biggest challenge the company faces is determining how to price the hotel rooms. If they are priced low, the hotels will be constantly booked and therefore customers will be forced to try other hotels in competition with The Grande Chat and if the rooms are priced too high, a lot of rooms will remain empty. The hotel chain management wants to realize profits. The only way is to use the data mining to realize their underlying, interesting patterns and relationships that lie hidden within the analysis (Data mining). ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Data Mining in Chain Hotels Assignment Example | Topics and Well Written Essays - 1750 words”, n.d.)
Data Mining in Chain Hotels Assignment Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/tourism/1605567-computing-knowledge
(Data Mining in Chain Hotels Assignment Example | Topics and Well Written Essays - 1750 Words)
Data Mining in Chain Hotels Assignment Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/tourism/1605567-computing-knowledge.
“Data Mining in Chain Hotels Assignment Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/tourism/1605567-computing-knowledge.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Data Mining in Chain Hotels

Data mining

...?Data mining Number: Lecturer: Data mining is an emerging technology that has been associated with database technology. Although these two technologies are similar, there are differing characteristics. Data mining is a technology that is used to discover patterns in data that has already been collected. It is vast finding its use in marketing, managing inventory, management of quality, and managing of risks associated with loaned money. Data mining application have also been seen in use in biological use as seen in DNA testing and gene analysis in living organisms. One of the notable differences that is there between data mining and databases is the fact that in databases, stored facts are retrieved from the data store while in data mining...
17 Pages (4250 words) Research Paper

Data mining

...? Data Mining Data mining Data mining can be defined as a of database applications which seek for hidden patterns within a collection of data that can be used to effectively and efficiently predict future behaviors. Therefore it is scientific that a true data mining software application or technique must be able to change data presentation criterion and also discover the previously unknown relationships amongst the data types. Data mining tools allow for possible prediction of the future trends and behaviors, hence enabling for formation of proactive, knowledge-driven decisions. Automated prospective analysis provided by the data mining techniques, as will be discussed below, go beyond the simple analysis of past records as availed...
12 Pages (3000 words) Essay

Data Mining

... new business opportunities through automated prediction of customers’ behaviors and trends, and automated identification of previously unknown patterns (Hoptroff & Hoptroff, 2001). Different organizations dig through large volumes of data, by using massively parallel computers, to establish a pattern about their products and customers. For instance, a grocery chains store that notices that women buying loaves of bread usually walk out with two packets of milk, can use this information to start up a store that brings these commodities under one roof. Data Mining Technologies Data mining employs mathematical algorithms and techniques as its analytical technique (Han et al. 2011). The use of graphical interfaces, which managers and executives...
5 Pages (1250 words) Research Paper

Data Mining

...? Data mining Data Mining Data mining is the latest and the most powerful technology, and that have great potential in helping companies to focus only on the most vital information in the collected data on the behavior, of their potential customers and their current customers (Olson & Delen, 2008). This method gets the data that can’t be obtained through reports and queries with a high level of effectiveness. This can also be referred to as the computer assistance in digging for and analyzing data and finally analyzing the contents meaning. These tools predict and analyze the future business trends which allow businesses to apply knowledge based decisions. Raw data that is stored in the business corporate database increase day by day...
4 Pages (1000 words) Assignment

DATA MINING

...? Data Mining Data Mining Predictive analytics involves predicting what each is likely to do ahead by utilizingthe information collected about them. Admittedly, data mining becomes useful in a variety of ways when predictive analytics is applied. The first advantage is effective product recommendation. It is possible to identify what are the preferences of each customer from the available statistics. Using this, it is possible to contact each customer when there is something that will interest them. In fact, the early stages of predictive analytics involve product recommendations and behavioral targeting. Another advantage is the possibility of behavior-based advertising. In order to achieve this, the available data is analyzed to predict...
5 Pages (1250 words) Research Paper

Data Warehousing & Data Mining

...?Data Warehousing & Data Mining a. Why are organizations moving toward implementation of data warehouses? What are the benefits of data warehouses? Data warehousing and data mining are critical aspect of modern healthcare practices. Data mining (DM) is a process that aims to use existing data to uncover new relationships unknown thorough common analysis practices. The process is similar to the extraction of valuable metal hence the term “mining” (Jackson, 2003). Data mining is the process of analyzing extensive data with the aim of establishing correlation between different variables. Consequently, data warehousing is the process of storing data in relational databases that facilitate such queries and analysis.   b. What issues need...
3 Pages (750 words) Assignment

Data Mining

...? Data Mining School a). Using predictive analytics to comprehend behaviors: To remain competitive within the market, sellers need to comprehend present consumer behavior as well as predict those of the future. The accurate prediction of these behaviors and the full understanding of customer behaviors can help them in improving sales, retaining customers, and extending the relationships sustained with customers. This is realized through predictive analysis data mining, which offers the users, impactful insights throughout the organization (Greene, 2012). Predictive analytics is where statistics and mathematics integrate to business and marketing to establish patterns in data and extrapolating the patterns to future business cases...
4 Pages (1000 words) Essay

Data mining

...? Data mining QUESTION Benefits of data mining process Predictive analytics to understand the behavior of customers The use of predictive analytics helps in the determination of a predictive score for the elements associated to the organization. The major organizational element, in this case, is the customers. The predictive scores inform the business about the most probable action by the customer. The production of predictive scores occurs when the subject organization design a predictive model. The predictive model work measures predictive scores based on the company’s data (Han et al, 2011). The predictive scores produced by the predictive analytics helps to increase the customer responses during the strategized marketing campaigns...
4 Pages (1000 words) Essay

Data mining

...Running Head Data Mining Data Mining At the beginning of the 21st century, organizations depend upon information technology unsuccessful use of information systems management. First and foremost, the applications that are developed and acquired must deliver benefits to the user. Data mining is defined as: “a decision support process in which we search for patterns of information in data” (Pushpa 2007, p. 1). Depending on the exact nature of the tasks that organization performs, these could be anything. It is not possible to give specific advice, but there are four general principles that generally apply: every application must deliver benefits to the users; users must feel comfortable with the way in which the system manipulates...
2 Pages (500 words) Essay

Data mining

...DATA MINING Data Mining Affiliation Data mining is a process in which data is analyzed in order to present it in a systemic manner of patterns and trends. The information which is extracted from the data can be used for different purposes. Data mining is used to generate revenues, cut costs, or get an insight about the preference of the consumers regarding a particular product. Recently, it has been revealed that the government has also been using an advance form of data mining where they are able to get the complete information about any individual. This means that government has complete access to phone calls, emails, web searches, bank accounts, financial activity, medical records and school records (Garson, 2006; Berson, Smith...
5 Pages (1250 words) Essay

How Secure Is the Internet When It Comes to Personal Data

Millions of computer users worldwide every year lose invaluable data and information at the hands of stolen means employed by anyone sitting on workstation thousands of miles away from the host node. Computer privacy is one such aspect on which the researchers in the same field are working their best. Certain ways are being devised all around the globe to ascertain the manner in which computer data can be kept secret from the people who are not authorized to seek it. Internet privacy of late has become a serious issue that should be tackled with immediate effect. There are many issues at stake with respect to computer privacy such as the authority to create standards regarding the usage of personal data on one’s machine as w...
6 Pages (1500 words) Term Paper

Managing Data of A+Retailing TLD

This is also true for the median values of the industries. The median values of turnover for Micro, Small, Medium and large industries are £420,839, £608,300, £1,275,295and £1,587,901respectively. This indicates that as the more number of employees work for the industries the median values of the turnover also increases.
However, the range values of turnover display an important pattern for the industries. The range values of turnover for Micro, Small, Medium and large industries are £849,571, £675,711, £432,838 and £1,462,188 respectively. This indicates that the ranges of turnover are very high for Micro industries as compared to Small and Medium industries. Again, the range o...
8 Pages (2000 words) Assignment

Ethics in Hotels Related to Revenue Management

The future of the hotel industry or we might want to rephrase it as the hotel development regime is one that will continue to prosper no matter how trying the circumstances are or how cutthroat the competition is, within the realms of comprehension related with care and commitment brought together at the same level. However, there are certain ethical issues that come under the fold of these hotels which raises some eyebrows every now and then. The same needs to be properly comprehended, analyzed and worked upon in detail if ever there is some sort of ethical boundaries being incorporated into the related field of business. (Baum, 1997)

The development of the hotel industry brings with it a certain number of issues as we...
12 Pages (3000 words) Term Paper

Biology Data-based Questions

Potassium or K and Calcium or Ca has shown greater Mean Residence Time in rainforest chaparral when compared to temperate forests whereas Phosphorus or P demonstrates maximum variance in Mean Residence Time.

In general, plant productivity and Mean Residence Time are such that one increases whilst the other decreases. In subarctic regions, there is low plant productivity and greater Mean Residence Time.

In tropical forests, the mean residence time of nutrients is influenced by higher temperatures than in subarctic forests. Therefore, there is a vast difference in the MRT of nutrients pertaining to the tropical rainforest and the subarctic forest.

Nuclear fission weapons tests in 1961 released radioa...
10 Pages (2500 words) Assignment

American Airlines: Supply Chain Nightmare

For this reason, it is necessary that all business sectors are carefully reviewed – as often as possible – for the appropriateness of their structure and their daily needs; managers may fail to evaluate with accuracy their firm’s needs, a fact that can cause the failure of plans applied on the relevant organization (Hardless, 2005). On the other hand, the needs of various organizational departments are different; the methods used for the improvement of a firm’s activities should be flexible taking into consideration the characteristics of the specific organizational sector, its strengths/ weaknesses but also its role in the development of the firm’s activities. Boeing is a firm with a long presence in...
15 Pages (3750 words) Case Study

The Key Aspects of Hotels Food Quality

The new techniques to manage the operations and the use of new machinery which reduces the labor cost are difficult to be adopted due to the existing managed workforce and working environment. The hotel industry has now reached a highly competitive stage and all restaurants are adopting the branded restaurant concept in order to meet the requirements of continuous innovations and creative approach (Casper, 1995). It has also been observed during the research that restaurants and famous hotels are working in collaboration to maximize their returns, for example, the partnership of Marriott and Pizza Hut, Holiday Inn and TGI Friday’s etc (Boone, 1997). This paper would further discuss the aspects which play a vital role in the...
6 Pages (1500 words) Coursework

Evaluation of Performance of a Bank Using Published Accounting Data

...Table of Content Introduction: 2 Background 3 Thesis ment 4 Main Body 4 Conclusion 6 Limitations 7 Recommendations 7 Bibliography 8 Evaluation of Performance of a Bank Using Published Accounting Data Introduction: Banks are the global industrial powerhouses1 and they have introduced very complex and risky products and services. During its operation, every bank is exposed to credit risk, liquidity problems, interest risk, market risk, operational and management risk.2 The collapse of banking industry severely influences the world financial system, which means that it is very important to evaluate the performance of the banks. There are different parameters based on which performance of a bank can be evaluated such as financial management...
7 Pages (1750 words) Case Study

Data Mining and Data Fusion in Direct Marketing

Marketing is a broad concept that includes all the activities regarding the target market, segmentation, positioning, product, price, promotion, and distribution. Marketing also includes the activities of selling the final products and providing after-sales services. Today marketing is done in various forms, but conceptually there are only two different forms of marketing, one is direct marketing and another one is indirect marketing. This report is all about direct marketing which is one of the oldest concepts of marketing. Since the present age is the age of information, it is quite expected that each and everything in business would be influenced by ‘information’. Direct marketing is not an exception. It is also inf...
6 Pages (1500 words) Coursework

Description of Data Warehousing

It is used in the process of decision making because it keeps the past record and future decisions are usually made on the basis of past records.

It is best for the organization where they have homogeneous or similar data. It becomes difficult when it has to deal with heterogeneous data from different operational systems. Different developers and designers adapted different ways to design a data warehouse. The few examples are the there used to be no consistency in encoding, and there were incompatible naming conventions with different physical attributes and their measurements, etc. it depends mainly on integrating the mental models of the designers. According to Bellevue (2002), it is usually required to extract the m...
10 Pages (2500 words) Coursework

Logistics and Supply Chain Strategy

Sustainability increases the mode of rail and sea freight and intermodal transport. The demand characteristics in some cases influence the choice of transport mode and even the need for safety stocks. The appropriate logistic strategy is essential for any organization as the manufacturing lead time is affected by the product characteristics and design. Globalization is a factor that causes longer lead times as a result of longer distances (Chan and Lee, 2005, p.78). The basis for any logistic strategy is the product. The product pricing is affected by the choice of transport mode. The production flow is smoothened with good demand predictability. Demand predictability is improved with the help of information technology through gre...
6 Pages (1500 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Data Mining in Chain Hotels for FREE!

Contact Us