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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

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