Archive | February, 2018

Is dynamic pricing good for restaurants and hotels?

According to the theories in classical economics, an equilibrium price of a product will be reached in a free market when supplies meet demands. When supplies remain stable, an increase in demands will result in a higher selling price for the product. Restaurants and hotels offer service products that are perishable in nature (e.g., restaurant […]

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Hotel mergers and acquisitions: Which hotel chain will be the next?

In mid-January, Wyndham announced that it would purchase La Quinta’s franchise and management business for $1.95 billion. Currently, Wyndham Worldwide operates more than 8,100 hotels in 79 countries, with a total room inventory of more than 705,700 rooms. The company’s portfolio includes 19 brands, ranging from the economy segment, such as Super 8 and Days Inn, to the […]

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