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Article
Pricing in the Hospitality Industry: An Implicit Markets Approach
Hospitality Review
  • Steven A. Carvell, Cornell University
  • William E Herrin, University of the Pacific
Program Web Address
www.hotelschool.cornell.edu
Abstract

The authors apply economic theory to an analysis of industry pricing. Data from a cross-section of San Francisco hotels is used to estimate the implicit prices of common hotel amenities, and a procedure for using these prices to estimate consumer demands for the attributes is outlined. The authors then suggest implications for hotel decision makers. While the results presented here should not be generalized to other markets, the methodology is easily adapted to other geographic areas.

Publication Date
1-1-1990
Citation Information
Steven A. Carvell and William E Herrin. "Pricing in the Hospitality Industry: An Implicit Markets Approach" (1990)
Available at: http://works.bepress.com/steven_carvell/15/