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Hotel Management in the Digital Age ...
~
Wang, Yang.
Hotel Management in the Digital Age : = Empirical Studies of Reputation Management and Dynamic Pricing.
紀錄類型:
書目-語言資料,手稿 : Monograph/item
正題名/作者:
Hotel Management in the Digital Age :/
其他題名:
Empirical Studies of Reputation Management and Dynamic Pricing.
作者:
Wang, Yang.
面頁冊數:
1 online resource (120 pages)
附註:
Source: Dissertation Abstracts International, Volume: 79-05(E), Section: A.
Contained By:
Dissertation Abstracts International79-05A(E).
標題:
Marketing. -
電子資源:
click for full text (PQDT)
ISBN:
9780355388404
Hotel Management in the Digital Age : = Empirical Studies of Reputation Management and Dynamic Pricing.
Wang, Yang.
Hotel Management in the Digital Age :
Empirical Studies of Reputation Management and Dynamic Pricing. - 1 online resource (120 pages)
Source: Dissertation Abstracts International, Volume: 79-05(E), Section: A.
Thesis (Ph.D.)
Includes bibliographical references
Although a hotel's basic purpose of providing a temporary place of lodging has not changed fundamentally over the course of history, the industry has continuously evolved with the newest innovations in architecture, technology, and culture. The most recent evolution is the digitization of the hotel marketplace. This thesis investigates two areas heavily influenced by the digital marketplace---nline reputation management and dynamic pricing.
Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018
Mode of access: World Wide Web
ISBN: 9780355388404Subjects--Topical Terms:
557931
Marketing.
Index Terms--Genre/Form:
554714
Electronic books.
Hotel Management in the Digital Age : = Empirical Studies of Reputation Management and Dynamic Pricing.
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Hotel Management in the Digital Age :
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Empirical Studies of Reputation Management and Dynamic Pricing.
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Source: Dissertation Abstracts International, Volume: 79-05(E), Section: A.
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Advisers: Amit Pazgal; Wagner Kamakura; Ajay Kalra; Natalia Sizova.
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Rice University
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2016.
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Although a hotel's basic purpose of providing a temporary place of lodging has not changed fundamentally over the course of history, the industry has continuously evolved with the newest innovations in architecture, technology, and culture. The most recent evolution is the digitization of the hotel marketplace. This thesis investigates two areas heavily influenced by the digital marketplace---nline reputation management and dynamic pricing.
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The first study of this dissertation addresses one important facet of reputation management. How do managers' responses to online reviews alter the opinion of subsequent reviewers? By analyzing a dataset of approximately 17 million hotel reviews, we demonstrate that managers' responses can change the opinion of subsequent reviewers, but not always in a positive way. Responses to negative reviews generally improve subsequent opinion but responses to positive reviews can sometimes negatively influence subsequent opinion. A deep learning topic analysis of response and review texts reveals that tailored responses to positive reviews can actually negatively impact subsequent opinion. The findings in this study are shown to be consistent with the predictions of reactance theory.
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The second study seeks to uncover the degree to which managers' pricing heuristics are optimal. Analyzing a year's worth of spot prices for a focal hotel and its two competitors in the Las Vegas market, we show that managers do not price optimally in two peculiar ways. First, managers are able to set close-to-optimal average prices during off-season but dramatically underprice during peak-season. This result is consistent with agency theory that suggest the observable binary outcome of selling out the hotel may attenuate managers' aggressiveness in setting prices. Second, managers, like untrained experimental subjects in prior literature, tend to make price changes that are too small. Furthermore, this study investigates the revenue gains due anticipating competitors' pricing behavior and mean reversion tendencies in online reviews.
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2018
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