The significance of competitive pricing and revenue management in the camping industry (CROSBI ID 274406)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Poldrugovac, Katarina ; Janković, Sandra ; Peršić, Milena
engleski
The significance of competitive pricing and revenue management in the camping industry
Currently, the camping industry is responsive to the pricing performance of their competitors. When considering the pricing strategies of the campsite business, competitors should be taken into account as an important factor. The purpose of this research is to assess the possibilities of competitive pricing in the camping industry and examine the effect of competitor pricing levels on relative campsite revenue, to define whether raising or lowering prices relative to the competition contributes more to performance. The paper explores the relationship between pricing strategy and the average percentage difference in revenue per available capacity and occupancy for 32 campsites, relative to their competitive sets, over a period of three years. The result shows that lowering the prices will give campsites higher occupancy rates but consequently lower performance measured by revenue per available capacity.
revenue management ; competitive pricing ; pricing strategy ; camping business ; revenue per available capacity ; RevPAC ; occupancy ; benchmarking
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Podaci o izdanju
11 (1/2)
2019.
76-88
objavljeno
1474-7332
10.1504/IJRM.2019.103033