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Title: Evaluating the best price guarantee policy in online distribution channels : the case of Hong Kong hotels
Authors: Liu, R
Law, R 
Issue Date: 2015
Publisher: Society for Social Welfare Academic Advancement and Research
Source: International journal of hospitality and tourism, 2015, v. 5, no. 1, p. 6-10 How to cite?
Journal: International journal of hospitality and tourism 
Abstract: E-commerce increases information transparency and creates more price-sensitive customers. As hotels attempt to implement dynamic pricing strategies to remain competitive, maintaining rate parity across different online distribution channels has become more challenging. Consequently, numerous online travel agencies and major hotel groups have extensively adopted the best price guarantee policy. This study bridges the research gap by comparing the best price guarantee policy and room rates offered by different online channels. Empirical findings from the data collected from 123 hotels in Hong Kong and seven online travel agencies suggest that the best price guarantee varies from independent hotels to international chain hotels. Most hotels cannot deliver their promise as they maintain rate parity across channels, and claiming can be difficult under the constraints of the terms and conditions. Managerial implications are discussed, and the limitations of the study are acknowledged.
ISSN: 2240-5371
Appears in Collections:Journal/Magazine Article

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