Revenue management and customer centric marketing — How do they influence travellers' choices?
- Christine MathiesAffiliated withSchool of Marketing, University of New South Wales Email author
- , Siegfried Gudergan
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Simultaneous use of customer centric marketing (CCM) and revenue management (RM) in service firms can create conflicts and perceived unfairness for customers. We introduce a conceptual framework to describe purchase decisions for services as a process involving utility judgements that are adjusted by a reference-dependent fairness component. Findings from focus group research with airline passengers and hotel guests provide empirical support for the role of fairness in customer decision making, and for the influence of a set of antecedents on reference point formation and resultant perceptions of fairness.
Keywordscustomer-centric marketing revenue management fairness customer choice
- Revenue management and customer centric marketing — How do they influence travellers' choices?
Journal of Revenue and Pricing Management
Volume 6, Issue 4 , pp 331-346
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- Palgrave Macmillan UK
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- customer-centric marketing
- revenue management
- customer choice