A Methodology to Collect Information on Future Hotel Prices Using Internet Distribution Systems

Aurkena Alzua-Sorzabal (), Jon Kepa Gerrikagoitia (), Emilio Torres-Manzanera () and J. Santos Domínguez-Menchero ()
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Aurkena Alzua-Sorzabal: CIC tour GUNE Cooperative Research Center in Tourism
Jon Kepa Gerrikagoitia: CIC tour GUNE Cooperative Research Center in Tourism
Emilio Torres-Manzanera: University of Oviedo
J. Santos Domínguez-Menchero: University of Oviedo

A chapter in Information and Communication Technologies in Tourism 2013, 2013, pp 543-553 from Springer

Abstract: Abstract Specialised Internet Distribution Systems (IDS) offer an opportunity to design a sound methodological framework to monitor, collect and process data on hotel prices. IDS publish real-time prices enabling automatized information gathering. Thus, representative market snapshots can be taken in a reliable, robust and cost-efficient way. A modelling hotel dynamic pricing system based on data collected from IDS is developed. It provides information about current and future hotel prices. As an application example, an isotonic model is used to show the day of the booking plays a significant role in price and availability when booking a hotel room within 15 days in advance.

Keywords: Hotel prices; Internet distribution systems; Survey; Futures prices (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-36309-2_46

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DOI: 10.1007/978-3-642-36309-2_46

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