Dynamic pricing for network revenue management has received considerable attention in research and practice. Based on data obtained from a major hotel, we use a large-scale numerical study to compare the performance of several heuristic approaches proposed in the literature. The heuristic approaches we consider include deterministic linear programming with resolving and three variants of dynami...

This paper studies decision rules for accepting reservations for stays in a hotel based on deterministic and stochastic mathematical programming techniques. Booking control strategies are constructed that include ideas for nesting, booking limits and bid prices. We allow for multiple day stays. Instead of optimizing a decision period consisting of a fixed set of target booking days, we simultan...

Purpose The revenue management (RM) discipline is built on the principle of demand-based pricing. This study aims to examine how and what extent RM can be implemented in hotel industry during low-demand periods, particularly coronavirus disease 2019 (COVID-19) crisis. Design/methodology/approach paper used semi-structured interviews gather information from executives, consultants system provide...

Revenue management (RM) on chain hotels versus independent intends to create value for the activity, manage revenue, and control costs profit efficiency. The article presents a simplified analysis of its that benefit suppliers, hotels, hotels' level service how it is being seen nowadays. There was drawn research question in this study: understand perceived impacts RM supply (SCM)? This essay ai...

The hotel industry is in need of efficient, integrated, and economic supply chains and circulation processes. This paper introduces a project of integration of hotel management systems by web services technology. We discuss how web services will consent to the hotel industry by automating product distributions and providing better services to buyers, suppliers, and prospective partners. The pro...