Weekend vs. Medium Stay Tourism

Petru Balogh () and Pompiliu Golea ()

Knowledge Horizons - Economics, 2015, vol. 7, issue 3, 28-32

Abstract: Estimated profit is extremely important for any business. Tourism companies can be focused on weekend or medium stay tourism. This paper aims to highlight advantages and disadvantages of each. The study aims also to highlight the usefulness of the Monte Carlo method for estimating profit and the probability of obtaining it. The paper presents a simplified example to estimate profit. It makes an analysis on a single hotel unit, once considered for weekend tourism, then considered for medium stay tourism. In both cases, the profit will be associated with the probability of achieving it.

Keywords: Profit; Monte Carlo; weekend stays; medium stays; tourism (search for similar items in EconPapers)
JEL-codes: C15 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:7:y:2015:i:3:p:28-32

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