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Using game theory for hotel revenue management in the United States of America: Sustainability for average daily rate, revenue per available room, and occupancy in hotels - Couverture souple

Tran, Xuan

 
9789999319218: Using game theory for hotel revenue management in the United States of America: Sustainability for average daily rate, revenue per available room, and occupancy in hotels
Couverture souple
ISBN 10 : 9999319211 ISBN 13 : 9789999319218
Editeur : Eliva Press, 2024

Synopsis

Trigonometry isn't running away from sustainability. We can survive in revenue management at the cutting edge of derivatives, but trigonometry permeates our understanding of the cyclical nature of economics in the hospitality industry, illustrating the dynamics of hotel pricing, substitution, and income effects. Here, the average daily rate functions as the tangent, revenue per available room as the cosine, and occupancy as the sine, all within the framework of the hotel elasticity angle. Price discrimination within hotel revenue management has found resolution through the Nash equilibrium, creating mutually beneficial outcomes, particularly in the hotels across three regions of the United States, with notable impact in the Southeast.

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Éditeur
Eliva Press
Date d'édition
2024
Langue
anglais
ISBN 10 
9999319211
ISBN 13 
9789999319218
Reliure
Broché
Nombre de pages
106
Coordonnées du fabricant
non disponible
Personne responsable
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