Hotel Occupancy Rate just Behind Record Year

By | ai, bigdata, machinelearning


From HotelNewsNow.com: STR: US hotel results for week ending 16 September

The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 September 2017, according to data from STR.

In comparison with the week of 11-17 September 2016, the industry recorded the following:

Occupancy: +0.5% to 72.2%
• Average daily rate (ADR): +1.4% to US$131.50
• Revenue per available room (RevPAR): +1.8% to US$94.97

Among the Top 25 Markets, Houston, Texas, reported the largest year-over-year increases in occupancy (+43.3% to 87.8%) and RevPAR (+58.6% to US$103.24). Amid recovery from Hurricane Harvey, Houston also posted an ADR increase of 10.7% to US$117.63.

Tampa/St. Petersburg, Florida, posted the second-highest lift in occupancy (+13.8% to 70.3%), that coupled with the highest increase in ADR (+14.1% to US$119.06), led the second-largest jump in RevPAR (+29.9% to US$83.75).
emphasis added

The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average.

Hotel Occupancy RateThe red line is for 2017, dash light blue is 2016, dashed orange is 2015 (best year on record), blue is the median, and black is for 2009 (the worst year since the Great Depression for hotels).

Currently the occupancy rate, to date, is ahead of last year, and just behind the record year in 2015. The hurricanes might push the annual occupancy rate to a new record.

Seasonally, the occupancy rate will increase into the Fall business travel season.

Data Source: STR, Courtesy of HotelNewsNow.com


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Chess records page

By | ai, bigdata, machinelearning

(This article was originally published at Statistical Modeling, Causal Inference, and Social Science, and syndicated at StatsBlogs.)

Chess records page (no, not on the first page, or the second page, or the third page, of a google search of *chess records*.

There’s lots of good stuff here, enough to fill much of a book if you so desire. As we’ve discussed, chess games are in the public domain so if you take material on chess games from an existing book or website without crediting the person who compiled this material, you’re not actually plagiarizing.

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Chess records page

By | machinelearning

Chess records page (no, not on the first page, or the second page, or the third page, of a google search of *chess records*.

There’s lots of good stuff here, enough to fill much of a book if you so desire. As we’ve discussed, chess games are in the public domain so if you take material on chess games from an existing book or website without crediting the person who compiled this material, you’re not actually plagiarizing.

The post Chess records page appeared first on Statistical Modeling, Causal Inference, and Social Science.

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Big Data and Healthcare – It’s a Great Match

By | iot


A patient has arrived at his primary care physician’s office. His symptoms are unusual – some fit one diagnosis but others do not. Traditionally, that doctor has had to rely on his training and experience, his medical journals, and, occasionally, consultation with colleagues.

Big data has changed all of that. With access to a huge database of global medical information, that doctor can now input all of the symptoms and have spit out to him potential diagnoses, based upon patient histories from everywhere. Not only will he obtain potential diagnoses but, as well, treatments that have proved to be successful.

Big Data Disruption

Big data has disrupted many industries. It has drastically altered the way in which financial services, insurance, and even investment enterprises do business. But a key industry that is less discussed, one in which big data has made a huge impact, has been health care.

Exactly What is “Big Data?”

We now have the technology to gather huge amounts of information from multiple sources. That gathering is useless, however, unless that information can be categorized and synthesized so that it makes sense to users. Fortunately, we have the technology to do that too.

So, in the healthcare industry, for example, we can gather …

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