Examining the hotel room supply and demand in Las Vegas: A simultaneous equations model

Ming Chih Tsai; Bomi Kang; Ronnie J. Yeh; Eunju Suh

doi:10.1016/j.ijhm.2005.01.004

Examining the hotel room supply and demand in Las Vegas: A simultaneous equations model

Ming Chih Tsai
, Bomi Kang
, Ronnie J. Yeh
, Eunju Suh

Research output: Journal article publication › Journal article › Academic research › peer-review

25 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	517-524
Number of pages	8
Journal	International Journal of Hospitality Management
Volume	25
Issue number	3
DOIs	https://doi.org/10.1016/j.ijhm.2005.01.004
Publication status	Published - 1 Sept 2006
Externally published	Yes

Keywords

Econometric
Las vegas
Room supply and demand
Two-stage least squares

ASJC Scopus subject areas

Tourism, Leisure and Hospitality Management
Strategy and Management

More information

10.1016/j.ijhm.2005.01.004

Cite this

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abstract = "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.",

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AU - Tsai, Ming Chih

AU - Kang, Bomi

AU - Yeh, Ronnie J.

AU - Suh, Eunju

PY - 2006/9/1

Y1 - 2006/9/1

N2 - 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.

AB - 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.

KW - Econometric

KW - Las vegas

KW - Room supply and demand

KW - Two-stage least squares

UR - https://www.scopus.com/pages/publications/33747597812

U2 - 10.1016/j.ijhm.2005.01.004

DO - 10.1016/j.ijhm.2005.01.004

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ER -

Examining the hotel room supply and demand in Las Vegas: A simultaneous equations model

Abstract

Keywords

ASJC Scopus subject areas

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