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The Opportunity For The Introduction Of Prediction Models In Hotel Management Case Study Hotel Deva ***, Deva, Romania

Author

Listed:
  • Claudia Olimpia MOISÄ‚
  • Lucian STANCIU-GORUN

Abstract

In modern hotel management, the need for prediction is acute. Hotel managers must make managerial performance projections for at least one year, based on the results of the previous year. Based on the performance indicators of hotel management, we have sought to create a prediction model that will guide management decisions for the period following the completed cycle.

Suggested Citation

  • Claudia Olimpia MOISÄ‚ & Lucian STANCIU-GORUN, 2019. "The Opportunity For The Introduction Of Prediction Models In Hotel Management Case Study Hotel Deva ***, Deva, Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(21), pages 1-10.
    • Handle: RePEc:alu:journl:v:1:y:2019:i:21:p:10
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    File URL: http://oeconomica.uab.ro/upload/lucrari/2120191/10.pdf
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    References listed on IDEAS

    as
    1. Michael Zhang, 2011. "Fencing in the Practice of Revenue Management," Palgrave Macmillan Books, in: Ian Yeoman & Una McMahon-Beattie (ed.), Revenue Management, chapter 10, pages 136-149, Palgrave Macmillan.
    2. Warren H. Lieberman, 2011. "Practical Pricing for the Hotel Industry," Palgrave Macmillan Books, in: Ian Yeoman & Una McMahon-Beattie (ed.), Revenue Management, chapter 13, pages 180-191, Palgrave Macmillan.
    3. Jon A. Higbie, 2011. "B2B Price Optimization Analytics," Palgrave Macmillan Books, in: Ian Yeoman & Una McMahon-Beattie (ed.), Revenue Management, chapter 9, pages 120-135, Palgrave Macmillan.
    4. Stefan Poelt, 2011. "Practical Pricing and the Airline Industry," Palgrave Macmillan Books, in: Ian Yeoman & Una McMahon-Beattie (ed.), Revenue Management, chapter 14, pages 192-207, Palgrave Macmillan.
    5. Karl Isler, 2011. "Global Distribution Systems (GDS) Capabilities, Origin and Destination (OD) Control and Dynamic Pricing," Palgrave Macmillan Books, in: Ian Yeoman & Una McMahon-Beattie (ed.), Revenue Management, chapter 8, pages 108-119, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    hotel management; revenue management; performance indicators; predictive models in hotel management;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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