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Hotel location when competitors may react: A game-theoretic gravitational model

Godinho, Pedro, Phillips, Paul A., Moutinho, Luiz (2018) Hotel location when competitors may react: A game-theoretic gravitational model. Tourism Management, 69 . pp. 384-396. ISSN 0261-5177. (doi:10.1016/j.tourman.2018.06.014) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided)

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Abstract

This paper presents a hotel location model that incorporates concepts from both game theory and gravitational

to the region to visit some specific points, termed “attractions”, and they choose a hotel according to room price,

maximize their own profits, so the final set of prices will be a Nash equilibrium. We propose an iterative procedure

strategy, in terms of new hotels to be built and respective typologies. Using a mini case, we illustrate and analyse

procedures are effective in finding good solutions for the model

Item Type: Article
DOI/Identification number: 10.1016/j.tourman.2018.06.014
Uncontrolled keywords: Tourism site location, Game theory, Genetic algorithms, Spatial interaction models
Divisions: Faculties > Social Sciences > Kent Business School
Depositing User: Paul Phillips
Date Deposited: 02 Jul 2018 10:24 UTC
Last Modified: 28 Aug 2019 11:27 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/67547 (The current URI for this page, for reference purposes)
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