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dc.contributor.authorThompson, Gary
dc.contributor.authorSohn, Heeju
dc.date.accessioned2020-09-12T21:05:46Z
dc.date.available2020-09-12T21:05:46Z
dc.date.issued2009-10-01
dc.identifier.other7734334
dc.identifier.urihttps://hdl.handle.net/1813/71884
dc.description.abstractIn this article, the authors examine how a common metric of revenue performance—RevPASH, or revenue per available seat-hour—is calculated. In a simple example, a real restaurant, and an extensive simulation study, the authors find inaccuracies in the existing approaches to calculating RevPASH. However, the extent of the inaccuracy is much greater when RevPASH is calculated based on check-open times rather than on the time interval from check open to check close. Since accurate RevPASH values are important in guiding managers’ revenue-enhancing decisions, the article’s findings have importance for practice. Furthermore, as RevPASH has been a commonly used metric for academic research, the article’s findings are important for those performing research on restaurant revenue management.
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectrestaurant revenue management; revenue per available seat-hour; RevPASH
dc.titleTime- and Capacity-Based Measurement of Restaurant Revenue
dc.typearticle
dc.description.legacydownloadsThompson8_Time_and_capacity.pdf: 565 downloads, before Aug. 1, 2020.
local.authorAffiliationThompson, Gary: gmt1@cornell.edu Cornell University School of Hotel Administration
local.authorAffiliationSohn, Heeju: hs268@cornell.edu Cornell University


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