Natural occupancy rates and development gaps

Cornell Hotel and Restaurant Administration Quarterly

Volumn 40, Issue 2, 1999, Pages 14-22

  DeRoos, Jan A ^a  

^a School of Hotel Administration ^*  (United States)

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EID: 26944452107     PISSN: 00108804     EISSN: None     Source Type: Journal    
DOI: 10.1177/001088049904000212     Document Type: Article

References (2)

1. For example, see: Randell A. Smith and John D. Lesure, "The U.S. Lodging Industry Today," Cornell Hotel and Restaurant Administration Quarterly, Vol. 40, No. 1 (February 1999), pp. 18-25.
2. The concept of an equilibrium occupancy rate is not well defined for hotels. The intuitive definition is: that occupancy which results from long-run interaction between supply and demand. For purposes of this paper, I adopt a more precise definition, to wit: a market's equilibrium occupancy is that occupancy at which there is no pressure either to increase or to decrease long-run room rates.