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公开(公告)号:US20230376861A1
公开(公告)日:2023-11-23
申请号:US17746282
申请日:2022-05-17
Applicant: Oracle International Corporation
Inventor: Andrew VAKHUTINSKY , Jorge Luis Rivero PEREZ , Kirby BOSCH , Jason G BRYANT , Natalia KOSILOVA
CPC classification number: G06Q10/02 , G06Q30/0631 , G06Q50/12
Abstract: Embodiments upsell a hotel room selection by providing a first plurality of hotel room choices, each first plurality of hotel room choices comprising a first type of hotel room and a corresponding first price. Embodiments receive a first selection of one of the first plurality of hotel room choices. In response to the first selection, embodiments provide a second plurality of hotel room choices, the second plurality of hotel room choices comprising a subset of the first types of hotel room choices and a corresponding optimized price that is different from the respective corresponding first price.
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公开(公告)号:US20220138783A1
公开(公告)日:2022-05-05
申请号:US17083905
申请日:2020-10-29
Applicant: Oracle International Corporation
Inventor: Andrew VAKHUTINSKY , Natalia KOSILOVA
Abstract: Embodiments model the demand and pricing for hotel rooms. Embodiments receive historical data regarding a plurality of previous guests and generate a multinomial logit (“MNL”) model with demand shock variables, the demand shock variables expressed using MNL utility parameters. Embodiments estimate the MNL utility parameters using a likelihood maximization and determine demand shock parameters using the estimating the MNL utility parameters. Embodiments then predict a future demand of the hotel rooms based on the demand shock parameters.
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