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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 - Softcover

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
Softcover
ISBN 10: 9999319211 ISBN 13: 9789999319218
Verlag: Eliva Press, 2024

Inhaltsangabe

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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Verlag
Eliva Press
Erscheinungsdatum
2024
Sprache
Englisch
ISBN 10 
9999319211
ISBN 13 
9789999319218
Einband
Taschenbuch
Anzahl der Seiten
106
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
gpsr@libri.de
gpsr@libri.de

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