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Time, Price, and Advanced Booking of Hotel Rooms.
- Source :
-
International Journal of Hospitality & Tourism Administration . 2008, Vol. 9 Issue 2, p128-146. 19p. 1 Diagram, 1 Chart, 1 Graph. - Publication Year :
- 2008
-
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 implications. This study expands the consumer booking model by addressing the impact of time-before-the-date-of-stay and exploring the implication for the hotel's pricing/marketing strategies. The findings underscore the urgent need for empirical research on timing by showing that the predictions of the advanced-booking model, and consequently the effectiveness of RM systems, depend on the actual patterns over time. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 15256480
- Volume :
- 9
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- International Journal of Hospitality & Tourism Administration
- Publication Type :
- Academic Journal
- Accession number :
- 33516446
- Full Text :
- https://doi.org/10.1080/15256480801907885