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

被引：0
|
作者：
Sato, Aki-Hiro [1 ,2 ]
机构：
[1] Kyoto Univ, Dept Appl Math & Phys, Kyoto 606, Japan
[2] Univ Kiel, Dept Econ, Kiel, Germany
来源：
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2012年 / 23卷
基金：
日本学术振兴会;
关键词：
Japanese hotel reservation; Mixture of Poisson distributions; EM-algorithm; Parameter estimation;
D O I：
10.1016/j.irfa.2011.06.016
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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. (C) 2011 Elsevier Inc. All rights reserved.
引用
收藏
页码：55 / 65
页数：11
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