Forecasts In The Hotel Industry And Accuracy Of The Corporate Travel Index Survey
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Forecasts In The Hotel Industry And Accuracy Of The Corporate Travel Index Survey
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Author : Maria H. Pulkkinen
language : en
Publisher:
Release Date : 1993
Forecasts In The Hotel Industry And Accuracy Of The Corporate Travel Index Survey written by Maria H. Pulkkinen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business travel categories.
"This study looks at predicted and actual hotel rates for 1992 from the Corporate Travel Index. The Corporate Travel Index survey, which is conducted annually by Corporate Travel Magazine in conjunction with Rochester Institute of Technology, is analyzed from an accuracy stand point. Forecasts in the hotel industry are important to many people. Business people and meeting planners must somehow be able to predict the coming hotel rates. Among other forecasts in the industry, Corporate Travel Index is helpful to use when setting travel policies and spending guidelines for the corning year. The Corporate Travel Index asked for predicted rates in the 1992 survey and in the 1993 survey the actual rates were asked for. This study identifies the gaps between predicted and actual rates. Differences are calculated and analyzed in Excel 4.0 and SPSS. In order to see how significant the differences are and to decide if the Corporate Travel Index survey can be considered as accurate several t- tests were run in Minitab 8.0 between the predicted and actual corporate rates. It can be concluded from the results of the statistical analysis that there is no significant differences (10% or less) between the two rates. Therefore, it is concluded that the Corporate Travel Index can be considered as an accurate forecasting tool in the hotel industry."--Abstract.
Business Periodicals Index
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Author :
language : en
Publisher:
Release Date : 2009
Business Periodicals Index written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business categories.
Business Travel News
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Author :
language : en
Publisher:
Release Date : 1993
Business Travel News written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Aeronautics, Commercial categories.
Seasonality In Tourism
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Author : Tom Baum
language : en
Publisher: Routledge
Release Date : 2001-12-07
Seasonality In Tourism written by Tom Baum and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-12-07 with Business & Economics categories.
Seasonal variation in demand is a reality for most tourism destinations. This work provides a balanced overview of the evidence and issues relating to tourism seasonality using European, North American and Pacific Rim cases and research evidence.
Statistical Reference Index
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Author :
language : en
Publisher:
Release Date : 1980
Statistical Reference Index written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Statistics categories.
Travel Industry Monitor
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Author :
language : en
Publisher:
Release Date : 2000
Travel Industry Monitor written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Travel categories.
Tourism Demand Modelling And Forecasting
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Author : Haiyan Song
language : en
Publisher: Routledge
Release Date : 2012-08-21
Tourism Demand Modelling And Forecasting written by Haiyan Song and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-21 with Business & Economics categories.
The phenomenal growth of both the world-wide tourism industry and academic interest in tourism over the last thirty years has generated great interest in tourism demand modelling and forecasting from both sectors. However, the tendency for researchers and practitioners engaged in quantitative causal tourism modelling and forecasting to run many regression equations and try to choose the 'best' model based on various parametric and non-parametric criteria has been widely criticised as failing to provide credible results. The aim of this book is to present the recent advances in econometric modelling methodology within the context of tourism demand analysis at a level that is accessible to non-specialists, and to illustrate these new developments with actual tourism applications. The book begins with an introduction to the fundamentals of tourism demand analysis, before addressing the problems of traditional tourism demand modelling and forecasting, i.e. data mining and spurious regression due to common trends in the time series. Three chapters explore the general-to-specific approach to tourism demand modelling and forecasting, including the use of autoregressive distributed lag processes, cointegration analysis and error correction models. The time varying parameter model together with the use of the Kalman filter as an estimation method is a useful tool for examining the effects of regime shifts on tourism demand elasticities: this is explored next. The panel data approach is introduced as a way of overcoming the problem of estimation and forecasting biases caused by insufficient time series data. The book concludes by evaluating the empirical forecasting performance of the various models and putting forward some general conclusions.
Lodging Restaurant And Tourism Index
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Author :
language : en
Publisher:
Release Date : 2001
Lodging Restaurant And Tourism Index written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Food service management categories.
Outlook For Travel And Tourism
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Author :
language : en
Publisher:
Release Date : 1999
Outlook For Travel And Tourism written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Tourism categories.
Lodging And Restaurant Index
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Author :
language : en
Publisher:
Release Date : 1989
Lodging And Restaurant Index written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Food service management categories.