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New advances in technology pervade nearly every aspect of our society, and hospitality is certainly no exception. Hospitality graduates entering the field find themselves surrounded by computerized… (More)
Abstract Hospitality acquisition payment announcements provide a particularly interesting opportunity for exploring the effects of information asymmetry on informed trading activities in hospitality… (More)
Abstract This article reviews the use and role of simulation as a decision-modeling technique in the hospitality industry. While simulation modeling currently appears to be used primarily by academic… (More)
Sub-franchising is a variation of the classic relationship between a franchisor and franchisees. A franchisor contracts with a sub-franchisor to expand the franchisor's system in a given territory....
This study examines empirically the use of two time series models, Box-Jenkins and exponential smoothing, for forecasting hotel occupancy rates. The models are fitted and tested using actual monthly… (More)
Abstract Historically, forecasting of restaurant sales in the hospitality industry has been ‘judgementally’ based. Given the importance of both short-term and long-term sales forecasts for effective… (More)
ABSTRACT The purpose of this paper is to examine the economic circumstances that motivated principals in the hotel appraisal process to influence appraised hotel values. The economic circumstances… (More)
Political and economic liberalization in much of Eastern Europe has led to the opening of importantpotential markets for U.S. hospitality firms. These markets vary, however, in investment… (More)
As with negotiations in love and war, negotiatingfinancing is easier if you put yourself in the otherperson's shoes. This article explains what lenders desirein a loan applicant—and how to turn the… (More)
ABSTRACT This paper examines the possibility of improving occupancy forecasts by disaggregating overall occupancy data into market segments, forecasting occupancy demand for each segment, and then… (More)