Management of Overbookings in the Hotel Industry - Basic Concepts and Practical Challenges
Year: 2006
Type: preprint
Abstract: The paper examines the possibilities to manage the overbookings in the hotel industry. The basic mathematical model for calculating the optimal number of overbookings is analysed and techniques for calculating the optimal number of overbookings for a hotel with two different types of rooms and for two different hotels which coordinate their reservations are proposed. The managerial decisions and operational procedures connected with walking guests are also discussed.
Source: SSRN Electronic Journal
Author: Stanislav Ivanov
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2127966604