An overview of revenue management and dynamic pricing models in hotel business
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Date
2018
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EDP Sciences
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Abstract
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.
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Keywords
Revenue Management, Dynamic Pricing, Forecasting, Optimization
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Citation
Bandalouski, A.M., Kovalyov, M.Y., Pesch, E., Tarım, S.A. (2018). An overview of revenue management and dynamic pricing models in hotel business. Rairo-Operations Research, 52(1), 119-141. http://dx.doi.org/10.1016/10.1051/ro/2018001
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Source
Rairo-Operations Research
Volume
52
Issue
1
Start Page
119
End Page
141