November 17, 2023

Decided to work on Hotel Market effects on Tourism:         

1: logan_passengers:

  • The mean number of Logan airport passengers is approximately 3,015,647.
  • The standard deviation is around 549,276, indicating some variability in the number of passengers.
  • The minimum and maximum values are roughly 1,878,731 and 4,120,937, respectively.

2: logan_intl_flights:

  • The mean number of international flights is approximately 3,940.51.
  • The standard deviation is approximately 694.48.
  • The minimum and maximum values are 2,587 and 5,260, respectively.

3: hotel_occup_rate:

  • The mean hotel occupancy rate is approximately 81.77%.
  • The standard deviation is about 10.86%.
  • The minimum and maximum values are 57.2% and 93.1%, respectively.

4: hotel_avg_daily_rate:

  • The mean hotel average daily rate is approximately $244.42.
  • The standard deviation is around $49.76.
  • The minimum and maximum values are $157.89 and $337.92, respectively.

Interpretations:

1: Logan Passengers and International Flights:

  • The mean values provide a central tendency for the number of Logan airport passengers and international flights.
  • The standard deviations indicate the variability around these means.

2: Hotel Occupancy Rate:

  • The mean hotel occupancy rate of approximately 81.77% suggests a relatively high average occupancy.
  • The variability (standard deviation) of around 10.86% indicates some fluctuations in hotel occupancy.

3: Hotel Average Daily Rate:

  • The mean hotel average daily rate of approximately $244.42 provides an average pricing benchmark.
  • The standard deviation of $49.76 suggests some variability in hotel pricing.

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