Search Results - PRICING AND REVENUE MANAGEMENT FOR HOSPITALITY INDUSTRY

The financial aspect of revenue management at the hospitality business by Maryna Matviienko

“…The article analyzes the process, approaches and methods of revenue management in the hospitality business, changes in management and the prospects of using new approaches in revenue management in the hotel business. …”
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Predicting hotel booking cancellations to decrease uncertainty and increase revenue by Nuno Antonio, Ana de Almeida, Luis Nunes

“…Booking cancellations have a substantial impact in demandmanagement decisions in the hospitality industry. Cancellations limit the production of accurate forecasts, a critical tool in terms of revenue management performance. …”
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The Role of Artificial Intelligence in Improving Hotels Property Management Systems (PMS) by Nasser BOUCHAREB

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Revisiting the relevance of economic theory to hotel revenue management education and practice in the era of Big Data by Natalie Haynes, David Egan

“…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. …”
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Optimizing Machine Learning in Hospitality Industry by Yerik Singgalen

“… This study explores the application of the Random Forest algorithm in predicting the length of stay (LoS) of hotel guests, a critical metric for optimizing operational efficiency and revenue management in the hospitality industry. The research is grounded in the growing need for predictive analytics to address challenges posed by fluctuating demand, diverse customer preferences, and dynamic market conditions. …”
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The cost-benefit approach to an optimal charging scheme for an embryo storage service by Yael Lahav, Avi Herbon, Uriel Spiegel

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Zvýšení účinnosti hotelového managementu pomocí dynamických simulací by Scholz Petr, Voráček Jan

“…Traditional extensive value drivers, based mainly on structural capital, are gradually extended with more intensive utilization of relational and human-resources oriented alternatives also in hospitality industry. Applying the elements of environmental management is one of the characteristic trends in accommodation services. …”
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The impact of the financial structure of tourism companies on the market value added: An empirical study. by Hasan Kareem Hamzh, Sundus Hameed Alktrani, Farhan Mohammed Abuthebahak

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Dynamic Pricing in E-commerce: Bibliometric Analysis by Lukáš Poláček, Miloš Ulman, Petr Cihelka, Edita Šilerová

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Dynamic pricing and perceived fairness: a case study at a hotel on the West Frisian island of Vlieland, The Netherlands by Stephanie Kool, Rodney Westerlaken, Javed Suleri

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Hotel demand forecasting models and methods using artificial intelligence: A systematic literature review by Henrique Henriques, Luis Nobre Pereirsa

“…This systematic literature review (SLR) explores current state-of-the-art artificial intelligence (AI) methods for forecasting hotel demand. Since revenue management (RM) is crucial for business success in the hotel industry, this study aims to identify state-of-the-art effective AI-based solutions for hotel demand forecasting, including machine learning (ML), deep learning (DP), and artificial neural networks (ANNs). …”
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An Intelligent Passenger Flow Prediction Method for Pricing Strategy and Hotel Operations by Tianyang Wang

“…Predicting the future demand of a hotel is a key step in the process of hotel revenue management. Hotel passenger flow prediction plays an important role in guiding the formulation of hotel pricing and operating strategies. …”
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Is the price right? Paying for value today to get more value tomorrow by Sreeram V. Ramagopalan, Jose Diaz, Grace Mitchell, Louis P. Garrison, Peter Kolchinsky

“…Estimating expected returns requires that they forecast revenues, based on the future price trajectory and volume of use over time. …”
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A Stochastic Queueing Model for the Pricing of Time-Sensitive Services in the Demand-Sharing Alliance by Jianpei Wen

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Designing and explaining Digital marketing model in Iran's medical tourism industry by seyed mohsen lotfi ashtiani, lila andervazh, Ebrahim Albo naeimi

“…The statistical population in the qualitative phase includes the managers of medical tourism facility companies and the managers of the department of international patients in Tehran hospitals, including Farabi Khatem Al-Anbia (pbuh) and Shahid Rajaei Heart hospitals, of which 15 people were selected purposefully and non-randomly. …”
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Balanced Scorecard Implementation in Restaurant Management by Fitri Abdillah, Ida Bagus Putu Wira Diana

“…Balanced scorecard (BSC) is tools that are widely used to measure company performance including in the hospitality industry. It’s widely applied because it’s simple, easy, and effective especially in startup business. …”
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Suitability of conventional management accounting practices to small and medium enterprises operating in the hotel sector of the Cape Metropole by Olwethu Ntshonga, Dr Peter Nasiema Kamala

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Lead times in flux: Analyzing Airbnb booking dynamics during global Upheavals (2018–2022) by Harrison Katz, Erica Savage, Peter Coles

“…These findings highlight the importance of examining the entire lead-time distribution when forecasting demand and setting pricing strategies. By capturing nuanced changes in booking behaviors, the normalized L1 metric enhances both demand forecasting and the broader strategic toolkit for tourism stakeholders, from revenue management and marketing to operational planning, amid continued market volatility.…”
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Designing a smart tourism model with a hybrid approach by mojtaba momeni, Alireza Nobari, alireza afsharnejad, reza shafizadeh

“…As a result of combining the findings, 8 subcategories were extracted, including improving cost management in tourism, providing smart tourism services, smart cloud services, an online service system for tourists, quality of services and facilities, Internet of Things, recognizing customer needs in a smart way, and dynamic pricing. …”
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A multi-objective analytical framework for sustainable blood supply chain optimization by Agus Mansur, Taufiq Hidayat, Novrianty Rizky, Ivan Darma Wangsa

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