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dc.identifier.citationBartolo, C. (2001). Revenue management within the Maltese hotel industry (Bachelor’s dissertation).en_GB
dc.description.abstractRevenue management was one of the methods developed as a way of gaining competitive advantage and increasing revenue. Most of the basic concepts underlying revenue management have been used for decades, in a variety of industries, which contain businesses dealing with perishable inventory. Grocers, bakers, theatre managers and hotel operators have long recognized a need to manage demand by varying prices, in order to maximise income. However, it was the deregulation of the United States airline industry in the late 1970s that spurred the development of revenue management from an obscure art to a highly sophisticated, scientific methodology. Deregulation caused airline competition to increase and thus airlines tried to operate their planes as efficiently as possible. In a similar highly competitive environment, revenue management began to be adopted by the hotel industry in the international market around the middle of the 1980s. At the time the industry was being confronted with excess capacity, severe short-term liquidity problems and increasing business failure rates. Major hotel chains such as Hyatt, Marriott and Radisson resolved these difficulties by adopting revenue management techniques. Opportunities for applying revenue management in small and medium sized hotels are also actively being developed following a report commissioned by the European Union and carried out by Arthur Andersen.en_GB
dc.subjectRevenue management -- Maltaen_GB
dc.subjectHospitality industry -- Maltaen_GB
dc.subjectRevenue -- Accountingen_GB
dc.titleRevenue management within the Maltese hotel industryen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publisher.institutionUniversity of Maltaen_GB
dc.publisher.departmentFaculty of Economics, Management and Accountancy. Department of Accountancyen_GB
dc.contributor.creatorBartolo, Carmelo (2001)-
Appears in Collections:Dissertations - FacEma - 1959-2008
Dissertations - FacEMAAcc - 1983-2008

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