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>One study focuses on procrastination — a subject of great interest to behavioral economists — by looking at bookings. Are they last-minute? Made weeks or month
by jackfrodo 10y ago
>One study focuses on procrastination — a subject of great interest to behavioral economists — by looking at bookings. Are they last-minute? Made weeks or months in advance? Do booking habits change by age, gender or country of origin?
Airbnb is already making tangible changes based on this kind of data. One example is using it to make predictions of demand, and then tell Airbnb hosts the optimal price that they should charge to maximize revenue and chances of being booked.