Carvell, S. A., & Herrin, W. E. (1990). Pricing in the hospitality industry: An implicit markets approach [Electronic version]. FIU Hospitality Review, 8(2), 27-37. Retrieved [insert date], from Cornell University, School of Hospitality Administration site: http://scholarship.sha.cornell.edu/articles/194/
Pricing in the Hospitality Industry: An Implicit Market ApproachArticles and Chapters
AbstractThe 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.