Airbnb User Bookings Prediction Project Synopsis

Airbnb User Bookings Synopsis

1. Objective of work

The main objective of this project is to predict where will a new guest book their first travel experience. 

2. Motivation

This project helps Airbnb to better predict their demand and take consequent informed decisions. Earlier a new user was overwhelmed with the various choices available for a perfect vacation or stay.

By predicting where a new user will book their first travel experience the company is better able to inform its users by sharing personalized content with their community. It will drastically decrease the time to first booking which will increase the company’s output and help them gain popularity among its user and an edge over its competitors in the market. 

3. Target Specifications if any

Predicting where a new guest books their first travel experience. 

4. Functional Partitioning of project

4.1 Research and gaining knowledge

Undertaking various courses and familiarizing ourselves with the working process of Data Science problems. Exposure and exploration of the Kaggle website, understanding kernels, and datasets. Learning the pre-requisites: programming in Python, and Pandas along with the Machine Learning algorithms and data visualization methods.

4.2 Frequent Discussions and Guidance

Frequent discussions with our mentor along with his guidance in the same will allow us to work in the right direction and take informed decisions.

 4.3 Applying the knowledge gained

After much exposure to this field and gaining the knowledge we will now apply our skills to real-life problems and contribute to society.

5. Methodology

5.1 Using the Kaggle platform

In the test set, we will predict all the new users with their first activities after 7/1/2014.In the sessions dataset, the data only dates back to 1/1/2014, while the user’s dataset dates back to 2010. Taking the help of the Kaggle platform for testing out datasets as it is not feasible to have a large dataset say 1TB be stored in a local machine.

5.2 Working on the dataset

 Using the dataset and studying various patterns of users’ first booking after signing up with Airbnb from different countries. Next plot out the observed and collected information. We can then apply various Machine Learning algorithms and calculate prediction scores. Finally, choose the algorithm with the highest score to recommend to users which are from that country the destinations that have been frequently used by travelers belonging to that region.

5.3 Submitting our work on the Kaggle platform

The result can now finally be uploaded on the platform and be used by Airbnb to better connect with their users.

6. Tools required

6.1 Kaggle Kernels

Kaggle is a platform for doing and sharing Data Science. Kaggle Kernels are essentially Jupyter notebooks in the browser that can be run right before your eyes, all free of charge. The processing power for the notebook comes from servers in the cloud, not our local machine allowing us to experience Data Science and Machine Learning without burning through the laptop’s battery and space.

6.2 Dataset

Airbnb will be providing us with the dataset, which would contain: Airbnb will be providing us with the dataset, which would contain

  • csv-the training set of users
  • csv-the test set of users
  • csv-web sessions log for users
  • csv-summary statistics of destination countries in this dataset and their locations
  • csv-summary statistics of users’ age group, gender, and country of destination.
  • csv-correct format for submitting our predictions

7. Work Schedule

(a) January

Enroll and start the course on Machine Learning using Kaggle. Start recapitulating the basics of Python and its various libraries such as NumPy, pandas, etc.

(b) February

End course and start analyzing the dataset

(c) March

Start coding and implementing various algorithms for the prediction

(d) April

Pick the final algorithm by trial and test and finish coding

(e) May

Appropriate documentation and upload our solution

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Airbnb User Bookings Prediction Project Synopsis - Download Free project Source code, Project Report Documentation, PPT and Guidance