By: Apostolos Ampountolas, Ph.D., CQF, Assistant Professor of Finance and Revenue Management, Boston University – School of Hospitality Administration This Special Issue of the Boston Hospitality Review on Revenue Management and Pricing presents diverse research viewpoints from leading academics on the main issues that impact a hospitality industry practitioners’ ability to forecast in today’s unusual […]
By Apostolos Ampountolas, Ph.D., CQF, Assistant Professor of Finance and Revenue Management, Boston University – School of Hospitality Administration Introduction Over the past several years, the rapid development of information technology has been instrumental in the growth of demand in the hospitality sector. The new marketplace is becoming more competitive, which causes pricing pressure on […]
By Timothy Webb, Ph.D., Assistant Professor of Hospitality Business Management, University of Delaware – Alfred Lerner College of Business and Economics Booking Windows and Revenue Management One of the most challenging elements of revenue management is anticipating consumer behavior to make optimal decisions. Trip planning activities can be unpredictable, vary by segment, and can be dynamic […]
By Zvi Schwartz, Ph.D., Professor, Department of Hospitality and Sport Business Management, University of Delaware – Alfred Lerner College of Business and Economics An increase in the rate of hotel reservation cancellations and no-shows caused concerns in recent years. Industry and academia pointed out that this trend is troublesome because it is causing significant financial […]
By Misuk Lee, Ph.D., Assistant Professor, Seattle University – Albers School of Business & Economics Machine Learning for Hotel Revenue Management In recent years, machine learning has been at the leading edge of revenue management practices in the hospitality industry. Machine learning is the study of computer algorithms that automatically learn from data to find hidden […]
By Minwoo Lee, Ph.D., Assistant Professor, University of Houston – Conrad N. Hilton College of Hotel and Restaurant Management; Jaewook Kim, Ph.D., Assistant Professor University of Houston – Conrad N. Hilton College of Hotel and Restaurant Management and; Agnes L. DeFranco, Ed.D., Professor & Conrad N. Hilton Distinguished Chair, University of Houston – Conrad N. Hilton […]
Welcome to the Finance Edition of Boston Hospitality Review By: Arun Upneja, Ph.D., Dean, Boston University – School of Hospitality Administration As you read this letter, I would be thrilled if you were sitting back in a beach chair, getting ready for takeoff, or checking into your hotel room. Enjoying some leisure time is not […]
By: (Co-Editors) Ozgur Ozdemir, Ph.D., University of Nevada, Las Vegas – William F. Harrah College of Hospitality and Amrik Singh, Ph.D., Associate Professor, University of Denver – Fritz Knoebel School of Hospitality Management in the Daniels College of Business As we approach the summer of 2021, the COVID-19 pandemic is still at the forefront of […]
By Marcos Medeiros, Ph.D. Student, University of Central Florida – Rosen College of Hospitality Management; Nan Hua, Ph.D., Professor and Chair of the Hospitality Services department, University of Central Florida – Rosen College of Hospitality Management, Arthur Huang, Ph.D., Assistant Professor, University of Central Florida – Rosen College of Hospitality Management and Agnes L. DeFranco, […]
By Amrik Singh, Ph.D., Associate Professor, University of Denver – Fritz Knoebel School of Hospitality Management, Daniels College of Business The COVID-19 pandemic had an unprecedented, rapid, and severe negative shock that reverberated through the global travel industry and leaving in its wake, a trail of economic destruction and uncertainty, business closures, rising unemployment, and […]