Load-Factor Pricing and the Lodging Industry
Cornell Hotel and Restaurant Administration QuarterlyPublished 1 November 1978
Gene S. Morphis
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Abstract
Like a hotel room-night, an airplane seat is a perishable com modity - but by offering substantial discounts on seats that would otherwise remain empty, the airlines have been able to attract more passengers. By following the airlines' example, the hotelier can increase occupancy and boost his profits.
Keywords
Economics, Econometrics and FinanceBusiness, Management and AccountingEngineering