An Analysis of Overbooking and Impacts on Customer Behavior Within the

IntroductionThis report seeks to investigate and analyse the main characteristics of overbooking and the impacts this batch lose on a hotels management systems and nodes. It examines the consequences of both successful and unable(p) overbooking management decisions depending on the way in which it is managed and the effect this can have on the hotels profitability of the hotel. It also looks at the effect that overbooking has on customer behaviour and loyalty and legislations that have been passed in the USA. Existing research on allot management analyses overbooking and how this can be implemented effectively at heart hotels, some researchers have then expanded upon this to incorporate effects on profitability, customer service and service recovery. Secondary data was collect by means of journals, books, hospitality related magazines and hospitality news articles in bless to take a shit framework for the research topic.Literature ReviewCompanies throughout the hospitality assiduity a keen to implement the most successful techniques in order to make the best of their efficiency and increase their profitability and yield management, including overbooking strategies which is burning(prenominal) in the operation of a hotel to maximise receipts and are progressively putting these in to practise throughout the company (Hwang et al, 2009), an unoccupied style in a hotel offers a revenue opportunity, whether or not the no show customer has paid for it. Overbooking forms a part of a hotels yield management, also known as revenue management and can be defined as the application of information systems and pricing strategies to allocate the just capacity to the accurate customers, cost and time (Kimes et al, 2003 30), by expanding on this bourn it ... ...a donnybrook. Hotel Management Magazine, New York.Noone, B. & Kimes, S. & Renaghan, L. (2003) Integrating customer relationship management and revenue management a hotel perspective Cornell University, Jo urnal for Hospitality Research.Simon, J. (1968) An Almost pragmatic Solution to Airline Overbooking London, Journal of Transport Economics and Policy.Sulistio, A. & Kyong, K. & Byya, R. (2008) Managing cancelations and no-shows of reservations with overbooking to increase imagery revenue Washington, CCGRID 08 Proceedings.Talluri, K. & Van-Ryzin, G. (2004) The Theory and Practice of Revenue Management New York, springer spanielTodorov, A. & Zhechev, V. (2010) The impact of overbooking on hotels operation management Unknown, Unknown.Vickrey, W. (1972) Airline Overbooking Some save Solutions Journal of Transportation and Economic Policy.