Data Set--Choice-Based Revenue Management: Data from a Major Hotel Chain

In this paper, we describe data collected from five U.S. properties of a major hotel chain that can be used to benchmark the performance of choice-based revenue management (RM) algorithms. The process used to collect this data illustrates subtle complexities involved in extracting product availabili...

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Bibliographic Details
Published inManufacturing & service operations management Vol. 11; no. 2; pp. 356 - 361
Main Authors Bodea, Tudor, Ferguson, Mark, Garrow, Laurie
Format Journal Article
LanguageEnglish
Published INFORMS 01.04.2009
SeriesManufacturing & Service Operations Management
Subjects
empirical research
OM-marketing interface
service operations
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ISSN1523-4614
1526-5498
DOI10.1287/msom.1080.0231

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Summary:In this paper, we describe data collected from five U.S. properties of a major hotel chain that can be used to benchmark the performance of choice-based revenue management (RM) algorithms. The process used to collect this data illustrates subtle complexities involved in extracting product availability information from current RM systems and sheds new light on practical issues that need to be addressed to successfully implement choice-based RM systems. The data described in this paper is publicly available at the journal's website at http://msom.pubs.informs.org .
ISSN:1523-4614
1526-5498
DOI:10.1287/msom.1080.0231