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An integer-valued time series model for hotels that accounts for constrained capacity
Umeå universitet.ORCID iD: 0000-0001-8608-7976
2004 (English)In: Studies in Nonlinear Dynamics and Econometrics, ISSN 1081-1826, E-ISSN 1558-3708, Vol. 8, no 4, article id 6Article in journal (Refereed) Published
Abstract [en]

Many service industry firms strive hard to fill free capacity in order to cover their costs for a fixed capital stock. This paper presents a time series model where the capacity constraint is an integral part. The integer-valued autoregressive model builds on a simple idea of how daily time series arise for hotels and other similar establishments. Measures that follow naturally from the time series model are the occupancy probability and the duration of stay for the visitor. Empirically, we study the effects of price changes and a large festival, on these measures.

Place, publisher, year, edition, pages
Walter de Gruyter, 2004. Vol. 8, no 4, article id 6
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:du-38517ISI: 000228864500006OAI: oai:DiVA.org:du-38517DiVA, id: diva2:1603571
Available from: 2021-10-15 Created: 2021-10-15 Last updated: 2021-10-15Bibliographically approved

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Nordström, Jonas

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
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Language
  • de-DE
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  • nn-NO
  • nn-NB
  • sv-SE
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Output format
  • html
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  • asciidoc
  • rtf