Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1010394 | International Journal of Hospitality Management | 2006 | 8 Pages |
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.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Henry Tsai, Bomi Kang, Ronnie J. Yeh, Eunju Suh,