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Leisure Tourism

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Abstract

Purpose - This paper aims to develop overbooking models to determine the optimal number of overbooking for hotels having one and two different types of rooms. Design/methodology/approach - This paper presents mathematical modeling to find the optimal solutions of overbooking for stochastic...

Author(s)
Phumchusri, N.; Maneesophon, P.
Publisher
Emerald Group Publishing Ltd, Bingley, UK
Citation
Journal of Hospitality and Tourism Technology, 2014, 5, 3, pp 261-277
Abstract

This paper explores the role of economics in hospitality education and industry practice, with a particular focus on revenue management, and puts forward an argument for a return to the inclusion of economic theory in UK hospitality education, not seen since the 1990s. Given the increasing amounts...

Author(s)
Haynes, N.; Egan, D.
Publisher
NISC - Routledge, Grahamstown, South Africa
Citation
Research in Hospitality Management, 2017, 7, 1, pp 65-73
Abstract

Hotel managers need to understand the marginal utility customers associate with a specific attribute of a hotel in order to effectively set up rate fences and to price their rooms accordingly. This study adopted a stated choice experiment and discrete choice modeling method to obtain hotel guests'...

Author(s)
Masiero, L.; Heo YoonJoung [Heo, Y. J. C. ]; Pan Bing
Publisher
Elsevier Ltd, Amsterdam, Netherlands
Citation
International Journal of Hospitality Management, 2015, 49, pp 117-124
Abstract

The Internet and cloud computing changed the way business operate. Standardised web-based applications simplify data interchange which allow internal applications and business partners systems to become interconnected and interoperable. This study conceptualises the smart and agile hospitality...

Author(s)
Buhalis, D.; Leung, R.
Publisher
Elsevier Ltd, Amsterdam, Netherlands
Citation
International Journal of Hospitality Management, 2018, 71, pp 41-50
Abstract

Dynamic pricing techniques allow using a number of variables in a tactical way compared to standard catalogue prices. This study merges in a conceptual model the relevance of the tactical and the strategic dimension of these variables, classified according to their tangible, reputational or...

Author(s)
Abrate, G.; Viglia, G.
Publisher
Elsevier Ltd, Oxford, UK
Citation
Tourism Management, 2016, 55, pp 123-132
Abstract

Dynamic revenue management models often price discriminate based on time. The literature concerning changes in travelers' propensity to book a room over time, however, is scant, and industry practices provide few and somewhat contradictory hints about the phenomenon. To facilitate efficient and...

Author(s)
Chen, C. C.; Schwartz, Z.
Publisher
Sage Publications, Thousand Oaks, USA
Citation
Journal of Travel Research, 2008, 47, 1, pp 35-42
Abstract

The effectiveness of revenue management systems has diminished in recent years due to the systems' inability to address the increasing complication of online deal-seeking behavior. To restore their efficiency, one must first understand the changes in advanced-booking behavior and their...

Author(s)
Schwartz, Z.
Publisher
Haworth Press Inc., Binghamton, USA
Citation
International Journal of Hospitality & Tourism Administration, 2008, 9, 2, pp 128-146