Hotel pricing decision in a competitive market under government intervention: a game theory approach

Mousavi, Elham Sadat; Hafezalkotob, Ashkan; Makui, Ahmad; Sayadi, Mohammad Kazem

doi:10.1080/17509653.2021.1873202

Cited by 11 publications

(2 citation statements)

References 53 publications

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“…For example, Gao and Bi (2021), used the strategic communications of a hotel and a tourist in online booking over OTAs with customer-centric payment service by applying optimal Stackelberg decisions and showed that the factor which can affect on the customer's payment decision, is refund rate, although transaction cost has large impact on the hotel's operational decision. Mousavi et al (2021) presented a price optimization model for competing hotels. The results suggested that the government interference in tourism industry includes measures that benefit tourism.…”

Section: Pricing Strategymentioning

confidence: 99%

Pricing strategies for online hotel searching: a fuzzy inference system procedure

Ahmadi

Ghasemi²

2022

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PurposeHotels are considered one of the keys to tourism industry, without which it is impossible to visualize this industry. Setting the proper price for hotels has always been a nuisance for the decision makers because of its direct relationship with the demand for hotels. Thus, in the current study a Stackelberg game between the government (leader) and the hotels (follower) has been presented to determine the optimal price under competitive conditions. The selected hotels are different with respect to energy consumption and the environmental impact. Thus, the government makes efforts to control their prices with incentives and tariffs.Design/methodology/approachThe fuzzy inference system (FIS) has also been applied to forecast the hotel demand. Therefore, first off, the demand forecast criteria have been chosen by the experts and in the continuation, it has been screened by fuzzy Delphi approach. Finally, the quantity of hotel demand is computed by the Mamdani inference system. A mathematical model has been presented for determining the optimal sequencing of hotels and minimizing the searches to find a hotel.FindingsA case study based on the data extracted from online travel agencies (OTAs) has been presented to validate the proposed model. The results demonstrate that by the ranking position increase, the number of the tourists decreases and the higher the star number of a hotel, the lower its ranking position.Originality/valueConsidering the energy saving and environmental impacts in hotel pricing and considering the government's intervention in hotel revenues regarding the incentives and tariffs are the innovations of the present study.

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Section: Pricing Strategymentioning

confidence: 99%

Pricing strategies for online hotel searching: a fuzzy inference system procedure

Ahmadi

Ghasemi²

2022

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“…Other external mechanisms that also influence the company's control, such as the government. Research (Mousavi, Hafezalkotob, Makui, & Sayadi, 2021) finds that the government intervenes in determining optimal hotel prices in competitive situations. GCG mechanisms that are often used to determine the quality of earnings are the composition of an independent board of commissioners.…”

Section: Proportion Of Independent Commissioners and Earnings Qualitymentioning

confidence: 99%

Earnings Quality as a link between Corporate Governance Implementation and Firm Performance

Istianingsih

2021

International Journal of Management Science and Engineering Man

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This research finds empirical evidence for the role of earnings quality as a mediator between good corporate governance (GCG) mechanisms and firm performance. The sample is 570 data manufacturing companies listed on the Indonesia Stock Exchange from 2015 to 2019. This research used multiple regression analysis. GCG mechanisms in this study measured by the proportion of independent board of commissioners, audit committee expertise, and frequency of audit committee meetings. The result shows that the proportion of independent board of commissioners and audit committee expertise does not affect earnings quality. On the other hand, institutional ownership and frequency of audit committee meetings affect earnings quality. However, the proportion of independent board of commissioners affects company performance. Institutional ownership, the frequency of audit committee meetings, audit committee expertise in accounting, and earnings quality do not affect company performance. This study provides a basis for investors to see the quality of GCG implementation which is a determinant of earnings quality as an investment consideration.

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Price Elasticity of Overnight Stays: Testing Veblen’s Conjecture Across Portuguese Regions

Santos¹,

Moreira²

2022

Advances in Tourism, Technology and Systems

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Hotel pricing decision in a competitive market under government intervention: a game theory approach

Cited by 11 publications

References 53 publications

Pricing strategies for online hotel searching: a fuzzy inference system procedure

Pricing strategies for online hotel searching: a fuzzy inference system procedure

Earnings Quality as a link between Corporate Governance Implementation and Firm Performance

Price Elasticity of Overnight Stays: Testing Veblen’s Conjecture Across Portuguese Regions

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