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Essay

Hotel Management with Foreign Collaboration

Essay specific features

 

Issue:

Business

 

Written by:

Guadalupe W

 

Date added:

December 1, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

36 / 9868

 

Was viewed:

5566 times

 

Rating of current essay:

 
Essay content:

Numerous optimization heuristics for allocation and overbooking exist for the airline industry, whose perishable asset is the airline seat. When an airline departs, no revenue is gained from the empty seat(s). In the hotel industry, the perishable asset is the hotel room?once a room is left empty for a night, that night's revenue cannot be recaptured...
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When an airline departs, no revenue is gained from the empty seat(s). In the hotel industry, the perishable asset is the hotel room?once a room is left empty for a night, that night's revenue cannot be recaptured. The literature on yield management heuristics for the hotel industry is sparse. For the hotel operating environment, no research has adequately (1) integrated overbooking with allocation, (2) modeled the phenomenon of hotel patrons extending or contracting their stay at a moment's notice, or (3) performed a realistic performance comparison of alternative heuristics...
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General issues of this essay:
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