Patterns of regional travel behavior: An analysis of Japanese hotel reservation data

Aki-Hiro Sato

International Review of Financial Analysis, 2012, vol. 23, issue C, 55-65

Abstract: This study considers the availability of room opportunities collected from a Japanese hotel booking site. We empirically analyze the daily number of room opportunities for four areas. To determine the migration trends of travelers, we discuss a finite mixture of Poisson distributions and the EM-algorithm as its parameter estimation method. We further propose a method to infer the probability of opportunities existing for each observation. We characterize demand–supply situations by means of relationship between the averaged room prices and the probability of opportunity existing.

Keywords: Japanese hotel reservation; Mixture of Poisson distributions; EM-algorithm; Parameter estimation (search for similar items in EconPapers)
JEL-codes: C80 L81 L83 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:23:y:2012:i:c:p:55-65

DOI: 10.1016/j.irfa.2011.06.016

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