Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
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

Tran, Xuan

Paperback

Business General

ISBN10: 9999319211
ISBN13: 9789999319218
Publisher: Eliva Press
Published: May 27 2024
Pages: 108
Weight: 0.34
Height: 0.22 Width: 6.00 Depth: 9.00
Language: English
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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