The lunch starts at 12:00, and the talk will start around 12:20.

NB: Wednesday BigInsight Lunches are open to staff and students from any of the BigInsight partners, including UiO, but not to others.

Speaker: Andreas Buschermöhle, Head of Data Science, Lyric

Location: Spiseriet at Norsk Regnesentral.

Title: Price recommendations for the vacation rental market

Abstract: At Lyric, we design and operate accommodations for the modern business traveler. The data science team supports these efforts by enabling strong economics as well as inventory scale via data and automation. We analyze a vast amount of data we gather from different vacation rental platforms to understand the booking process, guest price sensitivity, and the impact of changing demand. This enables us to automatically generate price recommendations for our units and a growing customer base on our pricing service Wheelhouse. Backed by our own inventory - currently in 12 US markets - we also have the ability to test different strategies and learn to improve our recommendation engine over time.