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Using mathematical models in the hotel industry: Maximizing revenues through discount strategies

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Figure

Figure 2: All models comparing percent of customers who take the discount and thediscount offered are assumed to contain the point (0,0) (0 percent takes a 0 percentdiscount), and (1,1) (100 percent of the customers take a 100 percent discount.)
Figure 3: Data points (.60, .80) and (.75, .90) were assumed to be true for any hotelmodel
Figure 5: Due to location and climate, it is assumed that more people will take advantageof a smaller discount in Miami, FL.
Figure 7: Due to location and climate, it is assumed that fewer people will take advantageof a larger discount in Henrietta, NY.
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