on new cars, home appliances and furniture. Yet they’re still spending money on restaurants and hotels despite increasing prices.
Predictive analytics tools customize outputs based on a company’s target market and external variables, indicating how customers will likely respond to a new product, service or promotion. If both ends of the hotel chain spectrum continue to appeal to clients despite inflation, each chain will pull ahead. However, predictive analytics may lead them to provide offerings as distinct as their customer bases.When people want to buy something, they start their search online.
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