Dynamic Overbooking Limits for Guaranteed and Nonguaranteed Hotel Reservations

Tourism Today, Vol. 7, pp. 100-108, Fall 2007

10 Pages Posted: 5 Nov 2008 Last revised: 20 Jan 2010

See all articles by Stanislav Hristov Ivanov

Stanislav Hristov Ivanov

Varna University of Management (VUM); Zangador

Date Written: November 5, 2008

Abstract

The research note addresses the problem of dynamic overbooking limits in the context of guaranteed and nonguaranteed bookings. The note shows how the optimal number of overbookings will change when the hotel receives a request for a specific date given the current guaranteed/nonguaranteed reservations ratio for the same date.

Keywords: hotel, management, overbooking, yield management, revenue management

Suggested Citation

Ivanov, Stanislav Hristov, Dynamic Overbooking Limits for Guaranteed and Nonguaranteed Hotel Reservations (November 5, 2008). Tourism Today, Vol. 7, pp. 100-108, Fall 2007. Available at SSRN: https://ssrn.com/abstract=1295968

Stanislav Hristov Ivanov (Contact Author)

Varna University of Management (VUM) ( email )

13 Oborishte Street
Varna, 9000
Bulgaria
+359 898 680713 (Phone)

HOME PAGE: http://www.vumk.eu

Zangador ( email )

Varna, 9010
Bulgaria

HOME PAGE: http://www.zangador.eu

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