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Hotel Industry Demand Curves
| Content Provider | Scilit |
|---|---|
| Author | Corgel, Jack Lane, Jamie Woodworth, Mark |
| Copyright Year | 2012 |
| Description | This research extends previous work on understanding hotel demand by focusing on the demand curve. Specifically attention is directed toward the slope of the curve indicating the relationship between average daily rate and the number of rooms sold—the price elasticity. Also, we investigate shifts in the curve caused by demand determinants such as changes in income; the extent is represented by income elasticity. Our findings are consistent with estimates produced by others for short-run elasticity, but we report sometimes noticeable differences between long-run and short-run elasticity. Price and income elasticity are considerably larger for higher-quality hotels as indicated by the chain scale in which they operate. Elasticity tends to increase with data disaggregation. Higher elasticity is generally found for individual chain scales and cities compared to the nation. |
| Related Links | http://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1291&context=jhfm |
| Ending Page | 95 |
| Page Count | 11 |
| Starting Page | 85 |
| ISSN | 10913211 |
| e-ISSN | 21522790 |
| DOI | 10.1080/10913211.2012.10721893 |
| Journal | The Journal of Hospitality Financial Management |
| Issue Number | 1 |
| Volume Number | 20 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2012-03-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: The Journal of Hospitality Financial Management Tourism, Leisure, Sport and Hospitality Price Hotels Demand Curve Income Elasticity Run Elasticity |
| Content Type | Text |
| Resource Type | Article |
| Subject | Finance Tourism, Leisure and Hospitality Management Strategy and Management |
