An overview of revenue management and dynamic pricing models in hotel business. (English) Zbl 1397.90203
Summary: Basic concepts and brief description of revenue management models and decision tools in the hotel business are presented. An overview of the relevant literature on dynamic pricing, forecasting methods and optimization models is provided. The main ideas of the authors’ customized revenue management method for the hotel business are presented.
MSC:
| 90B50 | Management decision making, including multiple objectives |
| 91B25 | Asset pricing models (MSC2010) |
References:
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