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Abstract

In many industries with limited resources revenue management is a strategy or tactic to help maximize profits. Over the past decade, revenue management has, for instance, become an important means of increasing airlines' income, and it has gradually become more evident as a practice in the hotel...

Author(s)
Zeng GuoJun; Liu Mei; Zhang Xin
Publisher
Tourism College of Beijing Union University, Beijing, China
Citation
Tourism Tribune, 2016, 31, 2, pp 86-96
Abstract

This case study aims to demonstrate how an international hotel network optimized results using a technique called yield management/revenue management and revenue management. It describes the history of the hotel and revenue management, presents the economic environment in the tourist industry and...

Author(s)
Parolin, C. F.
Publisher
Universidade Estadual de Santa Cruz, Ilheus-Bahia, Brazil
Citation
Cultur: Revista de Cultura e Turismo, 2014, 8, 1, pp 119-139
Abstract

Many capacity-limited service industries have been reaping the benefits by employing Revenue Management (RM) concepts and techniques. Its application in the hospitality industry has enabled thousands of hotels worldwide to phase out the traditional hotel management models and to develop new...

Author(s)
Rodríguez-Algeciras, A.; Talón-Ballestero, P.
Publisher
Elsevier Ltd, Oxford, UK
Citation
Journal of Hospitality and Tourism Management, 2017, 32, pp 24-34
Abstract

The concept of revenue management is widely adopted in various industries including the hospitality industry. Yet, its application to the restaurant industry has been limited. Especially culinary restaurants appear to be a somewhat unexplored area of study, thus indicating a gap in the literature...

Author(s)
Rowson, B.; Poppel, W. van; Gehrels, S.
Publisher
NISC - Routledge, Grahamstown, South Africa
Citation
Research in Hospitality Management, 2016, 6, 2, pp 127-134
Abstract

Purpose - The purpose of this study is to investigate the implementation of revenue management (RM) pricing practices and managers' perceptions towards this practice in a budget hotel chain and to provide recommendations for improving the adoption of and perception towards this practice....

Author(s)
El-Haddad, R.
Publisher
Emerald Group Publishing Ltd, Bradford, UK
Citation
International Journal of Contemporary Hospitality Management, 2015, 27, 8, pp 1791-1813
Abstract

Linear Programming (LP) is the mathematical technique for optimum allocation of 'scarce' of 'limited' resources, such as labour, material, machine, capital, energy and so on, to several competing activities, such as products, services, jobs, new equipment, projects, and so on, on the basis of a...

Author(s)
Shreelatha Rao
Publisher
Department of Hotel Management & Catering Technology, Birla Institute of Technology, Mesra, India
Citation
Journal of Hospitality Application & Research, 2013, 8, 1, pp 3-7
Abstract

This study analyses how the introduction or improvement of information and communication technology (ICT) has impacted the performance of Premier Hotels, a hotel chain operating in the Riviera Romagnola area, Italy. Overall, the findings seem to suggest that ICT (more specifically both the...

Author(s)
Mariani, M.; Mordenti, I.
Publisher
Scientific and Didactical Campus of Rimini and the Advanced School of Tourism Sciences of Alma Mater Studiorum, Rimini, Italy
Citation
Almatourism: Journal of Tourism, Culture and Territorial Development, 2010, 1, 2, pp 48-54
AbstractFull Text

The tourism industry has significant multiplier effects on the economy. Within the tourism industry, congress tourism became the segment with the highest development opportunities and potential, as it produces high added value that is crucial for further development of the tourist destination. The...

Author(s)
Ivankovič, G.; Romih, N.
Publisher
Međimursko veleučilište u Čakovcu, Čakovec, Croatia
Citation
3. međunarodna konferencija Menadžment turizma i sporta, Tehnološki razvoj u funkciji održivog turizma i sporta, Sv. Martin na Muri, Croatia, 10. i 11. travnja 2014. Zbornik radova, 2014, pp 88-96
Abstract

This article develops an artificial neural network (ANN) based forecasting model using the past profit records of hotel commodities. Based on forecasting, hotel commodities are categorised into two kinds: ones that push up the revenue, and others, which pull it down. Thereafter, long and short term ...

Author(s)
Padhi, S. S.; Vijay Aggarwal
Publisher
Elsevier Ltd, Oxford, UK
Citation
International Journal of Hospitality Management, 2011, 30, 3, pp 725-734
Abstract

By applying the principles of revenue management to function spaces, a hotel can gain better control over the financial contribution that function spaces make to operating profits. Although the interaction between guest-room sales and function-space sales increases the complexity of managing...

Author(s)
Kimes, S. E.; McGuire, K. A.
Publisher
Elsevier Science Inc., New York, USA
Citation
Cornell Hotel and Restaurant Administration Quarterly, 2001, 42, 6, pp 33-46

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