Pay Now or Pay Later: The Impact of Time on Payment Preference in Hotel Booking

2021 ◽  
pp. 135676672110663
Author(s):  
Yisak Jang ◽  
Li Miao ◽  
Chih-Chien Chen

The “book now, pay later” phenomenon is one form of payment which has flow-on effects such as increasing last-minute cancelations. To encourage prepayment, some hotels have been offering a price discount or free upgrade for choosing the “pay now” option, but little is known about which incentives can generate better outcomes. This study aims to examine what types of payment options are preferable based on the time between booking and check-in (i.e. temporal distance), and to investigate how the payment options and temporal distance jointly influence perceived risks. The findings demonstrate that while people prefer the pay now with monetary incentive option when traveling time is in the near future, they mostly prefer the pay later option when traveling time is distant. In addition, people planning a trip in the distant future perceive significantly higher risks from the pay now with non-monetary and monetary incentive options than from the pay later option.

2018 ◽  
Vol 6 (1) ◽  
pp. 91-114
Author(s):  
Stefan Hartmann

Abstract This paper investigates the alternation between two competing German future constructions, the werden + Infinitive construction and the futurate present, from a usage-based perspective. Two lines of evidence are combined: On the one hand, a pilot corpus study indicates that werden + Infinitive is more likely to be used for referring to distant-future events than to near-future events. However, syntactic factors seem to be at least as decisive as semantic ones for speakers’ choice between the two constructions. On the other hand, an experimental study taps into language users’ interpretation of sentences framed in one of the two constructions. It can be shown that the grammatical framing does not significantly affect participants’ estimates of the temporal distance of the events to which the stimuli sentences refer. This suggests that the meaning differences between the two constructions be more nuanced, e.g. pertaining to discourse-pragmatic functions.


Semiotica ◽  
2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Daniel Alcaraz Carrión ◽  
Javier Valenzuela

Abstract This study investigates whether there is a relation between the semantics of linguistic expressions that indicate temporal distance and the spatial properties of their co-speech gestures. To this date, research on time gestures has focused on features such as gesture axis, direction, and shape. Here we focus on a gesture property that has been overlooked so far: the distance of the gesture in relation to the body. To achieve this, we investigate two types of temporal linguistic expressions are addressed: proximal (e.g., near future, near past) and distal (e.g., distant past, distant future). Data was obtained through the NewsScape library, a multimodal corpus of television news. A total of 121 co-speech gestures were collected and divided into the two categories. The gestures were later annotated in terms of gesture space and classified in three categories: (i) center, (ii) periphery, and (iii) extreme periphery. Our results suggest that gesture and language are coherent in the expression of temporal distance: when speakers locate an event far from them, they tend to gesture further from their body; similarly, when locating an event close to them, they gesture closer to their body. These results thus reveal how co-speech gestures also reflect a space-time mapping in the dimension of distance.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Xiao Huang ◽  
Mohammad Shahidul Kader ◽  
Seeun Kim

PurposeThe authors aim to examine how the construal level, either as an individual temporal orientation or temporal distance of promotion, moderates the effects of emojis' emotional intensity on consumers' purchase intentions in social media advertising.Design/methodology/approachTwo experiments are used to test four hypotheses.FindingsThe results of two experimental studies show that present-oriented participants reveal greater purchase intentions when low (vs high) emotionally intense emojis are embedded in a social media ad; but future-oriented consumers showed no difference when viewing ads with the two different emojis. In Study 2, participants indicate greater purchase intentions when a social media ad includes a distant-future promocode and high (vs low) emotionally intense emojis and an ad with a near-future promocode and low (vs high) emotionally intense emojis.Originality/valueThe current study advances our understanding how emojis with different emotional intensities can be effectively used in social media ads. This study also provides theoretical implications to construal level theory (CLT) by examining how emojis interact with construal level, either as a chronic tendency or simulated by psychological distance, can influence consumer response.


2013 ◽  
Vol 41 (7) ◽  
pp. 1125-1132
Author(s):  
YingHua Ye

Previous researchers have shown that the entrepreneurial intentions and choices of freshmen and sophomores are higher than those of juniors and seniors in China. In order to explore the reasons for this phenomenon, I conducted an experiment with 126 undergraduates from 3 universities in Zhejiang Province in China to study the relationship between temporal distance and undergraduates' entrepreneurial decision-making process. The results showed that: 1) temporal distance significantly influences undergraduates' entrepreneurial decision making, and 2) entrepreneurial decision tasks in the distant future motivate the undergraduates' cognition of desire for results (high construal level), resulting in a more positive decision, while the tasks in the near future motivate the cognition of feasibility for process (low construal level), resulting in a more negative decision.


2020 ◽  
Vol 48 (8) ◽  
pp. 1-8
Author(s):  
Pan Zhang ◽  
Yulang Guo ◽  
Fang Wu

We conducted 2 studies (N = 86 and 248) to examine people's tendency to overestimate their personal budget. The findings support 3 hypotheses. First, about 35% of participants in our first study tended to overestimate their budget when dealing with an uncertainty goal. Second, we found that focalism played a mediating role in this relationship. Third, in our second study we found that temporal distance positively moderated this relationship: The distant future strengthened the effect of dealing with an uncertainty goal on budget overestimation, whereas the near future attenuated it. These findings shed light on the cause and internal mechanism of consumer budget overestimation. Theoretical and practical implications are also discussed.


2020 ◽  
Vol 26 (4) ◽  
pp. 442-456
Author(s):  
Wee-Kheng Tan

This study discusses how tourists’ personality traits influence their perceived travel constraints during the destination selection process. Specifically, it investigates how the personalities of tourists involved in the preliminary consideration of a tourist destination influences their perceived leisure travel constraints and the corresponding information searches under different temporal distance conditions. Partial least squares (PLS) and PLS multi-group analyses were performed on 335 completed surveys (177 and 158 for the distant- and near-future scenarios, respectively) and revealed that the constraints of safety concerns and a lack of interest, time, and money were major concerns of tourists. These constraints were experienced more strongly for a high temporal distance, than a low temporal one. The impact of personality on perceived constraints was more evident for high temporal distance. The study has practical ramifications for destination marketing organizations in that it can enhance their understanding of tourists’ behavior during the pre-trip planning stage, and help prevent the “premature” elimination of their destinations.


Atmosphere ◽  
2021 ◽  
Vol 12 (8) ◽  
pp. 980
Author(s):  
Matilde García-Valdecasas Ojeda ◽  
Emilio Romero-Jiménez ◽  
Juan José Rosa-Cánovas ◽  
Patricio Yeste ◽  
Yolanda Castro-Díez ◽  
...  

Future drought-hazard assessments using standardized indices depend on the period used to calibrate the probability distributions. This appears to be particularly important in a changing climate with significant trends in drought-related variables. This study explores the effect of using different approaches to project droughts, with a focus on changes in drought characteristics (frequency, duration, time spent in drought, and spatial extent), estimated with a calibration period covering recent past and future conditions (self-calibrated indices), and another one that only applies recent-past records (relative indices). The analysis focused on the Iberian Peninsula (IP), a hot-spot region where climate projections indicate significant changes by the end of this century. To do this, a EURO-CORDEX multi-model ensemble under RCP8.5 was used to calculate the Standardized Precipitation-Evapotranspiration Index (SPEI) at both 3- and 12-month timescales. The results suggest that projections of drought characteristics strongly depend on the period used to calibrate the SPEI, particularly at a 12-month timescale. Overall, differences were larger for the near future when relative indices indicated more severe droughts. For the distant future, changes were more similar, although self-calibrated indices revealed more frequent and longer-lasting droughts and the relative ones a drought worsening associated with extremely prolonged drought events.


2021 ◽  
Author(s):  
Fahimeh Mokhtari ◽  
Afshin Honarbakhsh ◽  
Saeed Soltani ◽  
Khodayar Abdollahi ◽  
Mehdi Pajoohesh

Abstract Drought appears as an environmentally integral part of climate change. This study was conducted to investigate the impact of climate change on climate variables, meteorological drought and pattern recognition for severe weather conditions in the Karkheh River Basin in the near future (2043-2071) and the distant future (2072-2100). The outputs of GFDL-ESM2, HadGEM2-ES, IPSL-CM5A-LR, MIROC and NoerESM1-M models were downscaled under the RCP 2.6 and RCP8.5 scenarios using the Climate Change Toolkit (CCT) at 17 meteorological stations. Then the SPEI index was calculated for the base and future periods and compared with each other. The results showed that the basin annual precipitation will likely increase in both future periods, especially in the near future. The annual maximum and minimum temperatures may also increase especially in the distant future. The rise in the maximum temperature will be possibly greater than the minimum temperature. Seasonal changes in maximum and minimum temperatures and precipitation indicate that the greatest increase in temperature and decrease in precipitation may occur in summer. Hence meteorological drought was also found to increase in the distant future. The application of the CCT model in the region showed that at least once a wet period similar to the flood conditions of 2019 will be observed for the near future. There will also be at least one similar drought in 2014 for the distant future in the region. However, in previous climate studies, future events have not been calculated based on identifying the pattern of those events in the past.


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