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What is Hotel Booking Cancellation Analysis about?

City Hotel and Resort Hotel are facing high cancellation rates, impacting their revenues and room utilization, prompting the need for strategies to reduce cancellations. The analysis identifies key factors influencing cancellations, such as pricing and booking sources, with significant findings indicating that higher prices correlate with increased cancellations. Recommendations include adjusting pricing strategies, offering discounts, and enhancing service quality, particularly in regions like Portugal.

Author

Nester D'souza

Language

EN