2020 CCAR Resubmission
Sia Partners has developed a bot to analyze the prices of luxury hotels around the world. Over a million data are collected daily using scrapping tools which allows the bot to analyze trends and display using data visualization tools.
By scrapping the price of world luxury hotels daily, Sia Partners has created a tool capable of analyzing the prices of overnight stays depending on the hotel, city, seasonality and services offered. It allows analysis of prices in real-time.
With this “Palace Bot”, Sia Partners is able to analyze strategic indicators: the comparative analysis of the average prices of suites of different palaces on several time scales, the evolution of these prices over time and even the variation price according to the reservation deadline. By crossing geographic and temporal data, this tool provides an excellent overview of the pricing dynamics at work in the luxury hotel sector. This tool was cited by Les Echos in 2019 regarding an analysis on Parisian palaces. A comparative analysis can be carried out with the “Airbnb Bot” also developed by Sia Partners, which analyzes the prices of luxury Airbnb homes around the world.