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The overbooking management system combines the unique conditions of the hotel, such as room prices, order channels, customer needs (etc...). System uses machine learning algorithms (such as: KNN/ES-RNN...) to accurately predict the daily no-show and occupancy rate of the hotel, and further combines with the revenue equation to find the best largest room sales volume, which can significantly increase the hotel marginal revenue.
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Not just in the Health Care industry , InterSystems IRIS also has great prospects for growth in the Retail & Hospitality.