Hotel daily occupancy forecasting with competitive sets: a recursive algorithm

Purpose – This paper aims to improve the accuracy of hotel daily occupancy forecasts – an essential element in the revenue management cycle – by proposing and testing a novel approach. The authors add the hotel competitive-set’s predicted occupancy as an input of the individual property forecast and...

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Bibliographic Details
Published in:	International journal of contemporary hospitality management Vol. 28; no. 2; pp. 267 - 285
Main Authors:	Schwartz, Zvi, Uysal, Muzaffer, Webb, Timothy, Altin, Mehmet
Format:	Journal Article
Language:	English
Published:	Bradford Emerald Group Publishing Limited 08.02.2016
Subjects:	Accuracy Algorithms Brand image in tourism Competition Confidentiality Customer services Forecasting Hospitality industry Hotels & motels Information sharing Inventory Management decisions Market segments Occupancy rates Optimization Pricing policies Revenue management Time series Tourism & hospitality Tourism & hospitality management/marketing Travel Trends Vacations Hotels Accuracy Revenue management Competitive sets Forecasting
ISSN:	0959-6119, 1757-1049
Online Access:	Get full text
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