Modelling Occupancy Rates in Croatian Hotel Industry

Tea Baldigara and Marija Koi?

International Journal of Business Administration, 2015, vol. 6, issue 3, 121-131

Abstract: The present study aims to analyse and model the net occupancy rates of bed-places in the Croatian hotel industry in the period from January 2005 to August 2014. For these purposes three models of generating time-series forecasts were used: the seasonal Naive model, the Holt-Winters exponential model and the seasonal autoregressive integrated moving average model. The empirical results show that the used time-series models performed well in terms of MAPE and that the Holt-Winters model outperformed the seasonal naive and the seasonal ARIMA model.

Keywords: Croatian hotel industry; occupancy rates; modelling; time-series models (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:ijba11:v:6:y:2015:i:3:p:121-131

DOI: 10.5430/ijba.v6n3p121

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