Analyzing the use of an advance booking curve in forecasting hotel reservations

  • Tse T
  • Poon Y
  • 24

    Readers

    Mendeley users who have this article in their library.
  • 4

    Citations

    Citations of this article.

Abstract

Although there is considerable interest in the advance bookings model as a forecasting method in the hotel industry, there has been little research analyzing the use of an advance booking curve in forecasting hotel reservations. The mainstream of advance booking models reviewed in the literature uses only the bookings-on-hand data on a certain day and ignores the previous booking data. This empirical study analyzes the entire booking data set for one year provided by the Hotel ICON in Hong Kong, and identifies the trends and patterns in the data. The analysis demonstrates the use of an advance booking curve in forecasting hotel reservations at property level. © 2015 Taylor & Francis.

Author-supplied keywords

  • Advance bookings model
  • Booking curve
  • Forecasting
  • Revenue management

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document

Authors

  • Tony Sze Ming Tse

  • Yiu Tung Poon

Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free