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| Author: | Anderson, C.K. Xie, X. |
| Title: | Room-risk management at Sunquest vacations |
| Journal: | Cornell hospitality quarterly: hospitality leadership through learning
2009 : AUG, VOL. 50:3, p. 314-324 |
| Index terms: | tourism tourist industry hotel management holidays revenue management risk management capacity utilization models |
| Freeterms: | tour operators bundled package sales |
| Language: | eng |
| Abstract: | In this article, outlined are some of the basic complexities originating with the acquisition of hotel rooms for a reseller of bundled vacations. The focus is on the short-term aspects of room-risk management (herein as: r-r.mgmt.) for the tour operator, particularly how to manage blocks of take-or-pay contracted rooms. The r-r.mgmt. problem is formulated as a math program with the aim at minimizing wasted rooms. |
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