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The Booking Window Evolution and its Impact on Hotel Revenue Management Forecasting

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dc.contributor.authorWebb, Timothy Daytonen
dc.contributor.committeechairXiang, Zhengen
dc.contributor.committeechairSchwartz, Zvien
dc.contributor.committeememberCherbaka, Natalie Stanislawen
dc.contributor.committeememberSingal, Manishaen
dc.contributor.departmentHospitality and Tourism Managementen
dc.date.accessioned2019-06-30T06:00:41Zen
dc.date.available2019-06-30T06:00:41Zen
dc.date.issued2018-01-05en
dc.description.abstractTravel booking behavior has changed substantially over the past two decades. The emergence of new technology and online intermediaries has provided travelers with the flexibility to book up until the date of stay. This has created a fast-paced, dynamic booking environment that disrupts traditional revenue management strategies focused on pricing and allocating rooms based on the time of purchase. The study explores the joint effects of technology and the economy on booking window lead times. It also evaluates a range of forecasting techniques and the importance of utilizing the booking curve for forecasting in dynamic booking environments.en
dc.description.abstractgeneralTravel booking behavior has changed substantially over the past two decades. The emergence of new technology and online intermediaries has provided travelers with the flexibility to book up until the date of stay. This has created a fast-paced, dynamic booking environment that disrupts traditional revenue management strategies focused on pricing and allocating rooms based on the time of purchase. The study explores the joint effects of technology and the economy on booking window lead times. It also evaluates a range of forecasting techniques and the importance of utilizing the booking curve for forecasting in dynamic booking environment.en
dc.description.degreePHDen
dc.format.mediumETDen
dc.identifier.othervt_gsexam:13707en
dc.identifier.urihttp://hdl.handle.net/10919/90789en
dc.publisherVirginia Techen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectRevenue Managementen
dc.subjectBooking Behavioren
dc.subjectForecastingen
dc.subjectOTAsen
dc.titleThe Booking Window Evolution and its Impact on Hotel Revenue Management Forecastingen
dc.typeDissertationen
thesis.degree.disciplineHospitality and Tourism Managementen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.leveldoctoralen
thesis.degree.namePHDen

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Theses and Dissertations, Hospitality and Tourism Management (HTM)