Revenue Management Exam 1 Latest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers by Expert)
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Course
REVENUE MANAGEMENT
Institution
REVENUE MANAGEMENT
Revenue Management Exam 1 Latest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers by Expert) What are the supply and demand structures necessary for revenue manage-ment to be a
viable strategy?
ANS Cyclical Demand
Fixed Supply/Capacity
Perishability/Inability to Inventory
High...
3. What are the right market structures necessary for revenue management tobe a viable
strategy?
ANS Difference in taste and buying behaviors
Variance in the value of the customer High
value customers tend to book last
4. What are the major key performance indicators for hotels (comp set met-rics)?
ANS Occupancy Index Percent Change Ranking
ADR Index Percent Change Ranking RevPar
Index Percent Change Ranking
5. What are the categories in a hotel Rate Portfolio for revenue management?-
ANS Forecasted Demand
BAR
Contract
2/4
2 of 13 9/18/2024, 11:15
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