Multi-layered market forecast framework for hotel revenue management by continuously learning market dynamics
Author
Abstract
Suggested Citation
DOI: 10.1057/s41272-021-00318-x
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Raphael Raymond Bar-On, 1999. "The Measurement of Seasonality and its Economic Impacts," Tourism Economics, , vol. 5(4), pages 437-458, December.
- Weatherford, Larry R. & Kimes, Sheryl E., 2003. "A comparison of forecasting methods for hotel revenue management," International Journal of Forecasting, Elsevier, vol. 19(3), pages 401-415.
- S E Kimes, 1999. "Group forecasting accuracy in hotels," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 50(11), pages 1104-1110, November.
- William L. Cooper & Tito Homem-de-Mello & Anton J. Kleywegt, 2006. "Models of the Spiral-Down Effect in Revenue Management," Operations Research, INFORMS, vol. 54(5), pages 968-987, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Apostolos Ampountolas, 2019. "Forecasting hotel demand uncertainty using time series Bayesian VAR models," Tourism Economics, , vol. 25(5), pages 734-756, August.
- Larissa Koupriouchina & Jean-Pierre van der Rest & Zvi Schwartz, 2023. "Judgmental Adjustments of Algorithmic Hotel Occupancy Forecasts: Does User Override Frequency Impact Accuracy at Different Time Horizons?," Tourism Economics, , vol. 29(8), pages 2143-2164, December.
- Octavian Oancea, 2016. "Analytical framework for airline revenue management and network planning," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(1), pages 2-19, February.
- Yang, Xin & Pan, Bing & Evans, James A. & Lv, Benfu, 2015. "Forecasting Chinese tourist volume with search engine data," Tourism Management, Elsevier, vol. 46(C), pages 386-397.
- William L. Cooper & Tito Homem-de-Mello & Anton J. Kleywegt, 2015. "Learning and Pricing with Models That Do Not Explicitly Incorporate Competition," Operations Research, INFORMS, vol. 63(1), pages 86-103, February.
- Soonhui Lee & Tito Homem-de-Mello & Anton Kleywegt, 2012. "Newsvendor-type models with decision-dependent uncertainty," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 76(2), pages 189-221, October.
- Doris Chenguang Wu & Shiteng Zhong & Richard T R Qiu & Ji Wu, 2022. "Are customer reviews just reviews? Hotel forecasting using sentiment analysis," Tourism Economics, , vol. 28(3), pages 795-816, May.
- Banerjee, Nilabhra & Morton, Alec & Akartunalı, Kerem, 2020. "Passenger demand forecasting in scheduled transportation," European Journal of Operational Research, Elsevier, vol. 286(3), pages 797-810.
- Hanyuan Zhang & Jiangping Lu, 2022. "Forecasting hotel room demand amid COVID-19," Tourism Economics, , vol. 28(1), pages 200-221, February.
- Binru Zhang & Yulian Pu & Yuanyuan Wang & Jueyou Li, 2019. "Forecasting Hotel Accommodation Demand Based on LSTM Model Incorporating Internet Search Index," Sustainability, MDPI, vol. 11(17), pages 1-14, August.
- Yunmei Bai & Chun-Hung Tang, 2021. "Determining the optimal group rate in the hotel industry," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 20(4), pages 446-456, August.
- E. Andrew Boyd & Ioana C. Bilegan, 2003. "Revenue Management and E-Commerce," Management Science, INFORMS, vol. 49(10), pages 1363-1386, October.
- Guizzardi, Andrea & Pons, Flavio Maria Emanuele & Angelini, Giovanni & Ranieri, Ercolino, 2021. "Big data from dynamic pricing: A smart approach to tourism demand forecasting," International Journal of Forecasting, Elsevier, vol. 37(3), pages 1049-1060.
- Valerio Lacagnina & Davide Provenzano, 2016. "An integrated fuzzy-stochastic model for revenue management," Tourism Economics, , vol. 22(4), pages 779-792, August.
- Cuccia, Tiziana & Rizzo, Ilde, 2011. "Tourism seasonality in cultural destinations: Empirical evidence from Sicily," Tourism Management, Elsevier, vol. 32(3), pages 589-595.
- Haensel, Alwin & Koole, Ger, 2011. "Booking horizon forecasting with dynamic updating: A case study of hotel reservation data," International Journal of Forecasting, Elsevier, vol. 27(3), pages 942-960, July.
- Guizzardi, Andrea & Ballestra, Luca Vincenzo & D'Innocenzo, Enzo, 2022. "Hotel dynamic pricing, stochastic demand and covid-19," Annals of Tourism Research, Elsevier, vol. 97(C).
- Breffni M Noone, 2016. "Pricing for hotel revenue management: Evolution in an era of price transparency," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(3), pages 264-269, July.
- Ulrich Gunter, 2021. "Improving Hotel Room Demand Forecasts for Vienna across Hotel Classes and Forecast Horizons: Single Models and Combination Techniques Based on Encompassing Tests," Forecasting, MDPI, vol. 3(4), pages 1-36, November.
- Anna Maria Fiori & Ilaria Foroni, 2019. "Reservation Forecasting Models for Hospitality SMEs with a View to Enhance Their Economic Sustainability," Sustainability, MDPI, vol. 11(5), pages 1-24, February.
More about this item
Keywords
Revenue management; Forecast; Unconstrained demand; Constrained demand; Market; Machine learning;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:jorapm:v:20:y:2021:i:3:d:10.1057_s41272-021-00318-x. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.