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An Evaluation of Guests’ Preferred Incentives to Shift Time-Variable Demand in Restaurants

Author
Susskind, Alex M.; Reynolds, Dennis; Tsuchiya, Eriko
Abstract
Asked for their reactions to specific demand-shifting tactics based on revenue management, patrons of a restaurant in Ithaca, New York, indicated that they generally would be willing to shift their dining time to off-peak hours in exchange for discounts on menu items. Better than three-quarters of the 367 respondents agreed that they would accept an incentive for dining at an off-peak time. Specific results and conclusions are detailed below.
Date Issued
2004-02-01Subject
revenue management; pricing strategies
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Type
article