How do we match the supply of hotel rooms with demand?

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Matching the supply of hotel rooms with demand requires applying a mathematical formula that considers factual data and estimates concerning visitors. This approach helps to estimate the number of visitors in the area and the probability of each becoming a guest in a hotel. The formula considers factors like peak season, events, competition, and economic indicators that could affect demand. The output of the formula is then used to guide decision-making on hotel construction, pricing, promotions, and capacity management to ensure that the supply of hotel rooms matches demand.

How Do We Match the Supply of Hotel Rooms with Demand