| Hotel_Wide {RMM} | R Documentation |
Data from a Major Hotel Chain
Description
'Hotel_Wide', a 'Wide format', is a preprocessing data of the publicly available 'Hotel 1' data introduced in Bodea et al. (2009).
Usage
Hotel_Wide
Format
'Hotel_Wide': A data frame with 1,100 rows and 22 variables:
- Booking_ID
ID associated with a booking. Begins at one for each hotel property.
- Party_Size
Number of adults and children associated with the booking.
- Membership_Status
Status in rewards program (0—not a member, 1—basic, 2—elevated, 3—premium).
- VIP_Membership_Status
Membership status of a VIP rewards program member (0—not a VIP, 1—basic VIP, 2—premium VIP member).
- Booking_Date
Date the booking was created (e.g., 20070303 = March 3, 2007).
- Check_In_Date
Check-in date (e.g., 20070307 = March 7, 2007).
- Check_Out_Date
Check-out date (e.g., 20070310 = March 10, 2007).
- Length_of_Stay
Length of stay/number of nights (e.g., three).
- Room_Type
Code describing the room type associated with the product ID.
- Purchased_Prod_Code
Unique number of products associated with room type.
- Exposed_Choice_Set
Choice set exposed to individual
- Exposed_Choice_Set_Code
Unique number of choice sets associated with Exposed_Choice_Set
- Price_1 ~ Price_10
The average nightly rate the customer pays in USD (e.g., $199.99). Note that the average nightly rate will not match the rate of any available product rates if an upsell occurs at time of check-in, if the customer requests a specific discount rate at time of check-in, etc.
Details
'Hotel 1' data contains information on the available alternatives, i.e.,
choice sets and the associated prices at the time of each customer’s booking decision.
We preprocessed 'Hotel 1' data and provide it in two types of
data format, 'Hotel_Long' and 'Hotel_Wide'.
The following are the preprocessing of 'Hotel 1' data.
1. Customers' booking transactions that had only one room type available in their choice set were removed as our methods require at least two different products in each choice set.
2. Duplicate records was removed.
3. Choice sets with less than 30 observations, representing rare case were removed.