Optimal pricing strategy for hotels when online travel agencies use customer cash backs: A game-theoretic approach
Optimal pricing strategy for hotels when online travel agencies use customer cash backs: A game-theoretic approach
复制标题
在线旅行社使用客户现金返还时的酒店最优定价策略:博弈论方法
DOI:
10.1057/rpm.2015.44
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发表时间:
2016-02
影响因子:
1.6
通讯作者:
Zhiyong Gao
中科院分区:
文献类型:
--
作者:
Xiaolong Guo;Liuyi Ling;Zhiyong Gao
In an online travel market, online travel agencies (OTAs) are paid by hotels according to a unit commission fee and the number of reservations. To obtain high revenue from selling hotel rooms, some OTAs provide cash backs to attract online travelers to make hotel reservations via the OTA’s Website rather than via traditional channels, such as by calls or in person. This study investigates the optimal pricing decision of hotels for OTAs with the effect of cash back and aims to provide practical pricing directions for hotels. The optimal decisions of hotels and OTAs are analyzed by backward induction within a Stackelberg game. Results indicate that hotels can determine an optimal unit commission to obtain maximal revenue. OTAs can find the optimal cash back to encourage online customers to make reservations from their Websites. Furthermore, OTAs aim to expand their visit volume (potential number of online customers) according to the given unit commission fee by expressing a proper effort level. The findings also show the importance of establishing a deep collaboration in increasing the whole income for both hotels and OTAs.
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影响因子:
11.7
作者:
Z. Schwartz
通讯作者:
Z. Schwartz
DOI:
10.1109/cise.2009.5362585
发表时间:
2009-12
期刊:
2009 International Conference on Computational Intelligence and Software Engineering
影响因子:
--
作者:
Liuyi Ling;Xiaolong Guo;L. Liang
通讯作者:
Liuyi Ling;Xiaolong Guo;L. Liang
DOI:
--
发表时间:
2005
期刊:
--
影响因子:
--
作者:
A. Amiri
通讯作者:
A. Amiri
DOI:
10.2139/ssrn.2296447
发表时间:
2013-11
期刊:
--
影响因子:
--
作者:
Xiaolong Guo;Xiabing Zheng;Liuyi Ling;Chenchen Yang
通讯作者:
Xiaolong Guo;Xiabing Zheng;Liuyi Ling;Chenchen Yang
DOI:
10.1287/msom.1090.0272
发表时间:
2010-03-01
影响因子:
6.3
作者:
Liu, Nan;Ziya, Serhan;Kulkarni, Vidyadhar G.
通讯作者:
Kulkarni, Vidyadhar G.