Title

Pricing in the Hospitality Industry: An Implicit Markets Approach

Authors

William E. Herrin, University of the PacificFollow
Steven A. Carvell, Cornell University

Document Type

Article

Publication Title

Hospitality Review

ISSN

0739-7011

Volume

8

Issue

2

First Page

27

Last Page

37

Publication Date

Fall 10-1-1990

Abstract

The authors apply economic theory to an analysis of industry pricing. Data from a cross-section of San Francisco hotels is used to estimate the implicit prices of common hotel amenities, and a procedure for using these prices to estimate consumer demands for the attributes is outlined. The authors then suggest implications for hotel decision makers. While the results presented here should not be generalized to other markets, the methodology is easily adapted to other geographic areas.

Recommended Citation

Carvell, Steven A. and Herrin, William E. (1990) "Pricing in the Hospitality Industry: An Implicit Markets Approach," Hospitality Review: Vol. 8 : Iss. 2 , Article 3.

Originally published at: http://digitalcommons.fiu.edu/hospitalityreview/vol8/iss2/3