The uniqueness of revenue management approaches in nontraditional settings : (Record no. 80768)

MARC details
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fixed length control field 02241nam a2200253Ia 4500
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fixed length control field 200306s2019 xx 000 0 und d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Noone, Breffni M.
245 #4 - TITLE STATEMENT
Title The uniqueness of revenue management approaches in nontraditional settings :
Remainder of title the case of the golf industry /
Statement of responsibility, etc. Breffni M. Noone, Cathy A. Enz, Linda Canina
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Date of publication, distribution, etc. June 2019
336 ## - CONTENT TYPE
Content type term text
337 ## - MEDIA TYPE
Media type term unmediated
338 ## - CARRIER TYPE
Carrier type term volume
440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE
Number of part/section of a work 43 : 5, page 633-655
Title Journal of Hospitality & Tourism Research
520 ## - SUMMARY, ETC.
Summary, etc. This study focuses on two demand and supply characteristics that may affect the transferability of revenue management (RM) practices from traditional (e.g., hotels) to nontraditional (e.g., golf, restaurants, entertainment venues) RM settings. Consumption within many nontraditional RM settings is largely discretionary in nature, with the potential to affect how demand and price should be managed across the booking horizon. Equally, operators are often challenged with a high degree of time-based inventory complexity, which may require that price and inventoried demand are managed at a greater level of granularity than traditional RM applications dictate. Using longitudinal golf reservations data, we found that superior revenue performance was associated with capturing a higher proportion of demand early in the booking horizon, rather than protecting inventory at higher prices for late bookers. Competitive price positioning in which price was higher than the competition during within-day peak-demand tee times also shaped revenue gains. Similarly, conversion management was found to be most critical during within-day peak demand periods. These findings suggest that traditional RM strategies may not apply in nontraditional RM settings where one or both of the demand and supply characteristics of interest is present. The implications of these findings for practitioners are explored.
521 ## - TARGET AUDIENCE NOTE
Target audience note Hotel and Restaurant Management.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Booking horizon.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Discretionary purchase.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Inventoried demand management.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Inventory complexity.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Price positioning.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Revenue management.
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Library of Congress Classification
Koha item type Articles
998 ## - LOCAL CONTROL INFORMATION (RLIN)
Cataloger's initials, CIN (RLIN) 84268
First Date, FD (RLIN) 142631
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Date last seen Price effective from Koha item type
    Library of Congress Classification     Manila Tytana Colleges Library Manila Tytana Colleges Library REFERENCE SECTION 03/06/2020   03/06/2020 03/06/2020 Articles
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