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Using game theory for hotel revenue management in the United States of America
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Using game theory for hotel revenue management in the United States of America Paperback - 2024

by Xuan Tran

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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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  • Title Using game theory for hotel revenue management in the United States of America
  • Author Xuan Tran
  • Binding Paperback
  • Pages 108
  • Volumes 1
  • Language ENG
  • Publisher Eliva Press
  • Publication date 2024-05-27
  • ISBN 9789999319218 / 9999319211
  • Weight 0.34 lbs (0.15 kg)
  • Dimensions 9 x 6 x 0.22 in (22.86 x 15.24 x 0.56 cm)
  • Category Business / Economics / Finance

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Using game theory for hotel revenue management in the United States of America: Sustainability...
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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

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Using game theory for hotel revenue management in the United States of America

Using game theory for hotel revenue management in the United States of America

by Xuan Tran

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9789999319218 / 9999319211
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Using game theory for hotel revenue management in the United States of America: Sustainability...
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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

by Tran, Xuan

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ISBN 10 / ISBN 13
9789999319218 / 9999319211
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