Buy custom pricing decisions associated with hotel booking
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| Topic: |
Philosophy
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| Number of pages / Number of words: |
29 / 7995 |
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The booking policy that must be determined is usually expressed in the form of booking limits for each customer class. Inasmuch as this problem deals with demand from different market segments with a different price charged to each segment, one can view determining a room allocation to each segment as a pricing decision...
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A simple example of two market segments that are indistinguishable by the booking process would be business people who are traveling to a pre-scheduled meeting and salespeople who are making unscheduled, discretionary calls on customers. In such situations, it is not possible to set booking limits for different customer classes explicitly...
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