Award Date

8-1-2013

Degree Type

Thesis

Degree Name

Master of Health Administration (MHA)

Department

Hotel Administration

First Committee Member

Mehmet Erdem

Second Committee Member

Carola Raab

Third Committee Member

Toni Repetti

Fourth Committee Member

Keong Leong

Number of Pages

87

Abstract

This study examined revenue managers' level of trust in their revenue management system (RMS) at Las Vegas casino resorts. The study utilized an e-mail interview to measure revenue managers' attitudes about their RMS's degree of reliability and dependability, the degree to which they trust their RMS's pricing recommendations, and if a revenue manager's level of trust in technology had any effect on their likelihood of trusting their RMS.

The study invited 11 property and corporate revenue managers from Las Vegas casino resorts to participate in an e-mail interview, with nine revenue managers agreeing to participate. The main findings of the study related to instances in which the RMS is generally unreliable and when pricing recommendations provided by the RMS are less than optimal. Revenue managers generally find their RMS to be unreliable when there is incorrect labeling of business types, drastic changes in trends, unusual demand due to events and offers, and fluctuation in year to year consumer demand. In addition, the study found that revenue managers tend to override RMS pricing recommendations when the revenue manager has knowledge of a group not filling their block, the system fails to see a large percentage of bookings, there is a pricing opportunity for dates the system isn't aware of yet, days in which trends don't help, the pricing recommendations seem far off, the system generally over predicting the occupancy result, and no price elasticity.

Keywords

Casino resort; Casinos; Demand forecasting; Hospitality industry – Information resources management; Hotels – Rates; Nevada – Las Vegas; Pricing recommendation; Revenue management; Revenue management system; Revenue manager; Resorts; Supply and demand – Forecasting

Disciplines

Accounting | Business | Corporate Finance | Finance | Finance and Financial Management | Gaming and Casino Operations Management | Hospitality Administration and Management

File Format

pdf

Degree Grantor

University of Nevada, Las Vegas

Language

English

Rights

IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

Download


Share

COinS