World Hotels - Examining the hotel room supply and demand in Las Vegas: A simultaneous equations model [An article from: International Journal of Hospitality Management]

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Binding: Digital Format: HTML Label: Elsevier Manufacturer: Elsevier Publication Date: 2006-09-01 Publisher: Elsevier Studio: Elsevier
Editorial Reviews: This digital document is a journal article from International Journal of Hospitality Management, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser. Description: The Las Vegas Strip has seen astonishing tourism development in the 1990s. The study examined the inter-relationship between the room supply and demand functions, and room rate in Las Vegas employing econometric variables in a simultaneous framework during 1992-1999. The results suggest that room rate for the current month, the 3-month Treasury bill rate and gaming revenue per room for the 12-month prior are the three determinants of the room supply function, while consumer price index for the current month is the only determinant of the room demand function.