Gds sabre system - Study guides, Class notes & Summaries

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Revenue Management Questions and Answers 100% Pass Revenue Management selling to the right guests at the right time at the right price to make the most profit Two characteristics of hospitality product perishability & intangibility How are revenue managers incentivized financially? How might this influence their decisions? on diff. basis such as RevPAR, Index, % Change - depending on what their incentives are based on, the hotel's performance or profit can differ Describe to someone who has ...

Revenue Management Complete Solution Latest 2023 Revenue management is - Selling the right product at the right time to the right customer at the right place at the right price Revenue management techniques - Differentiation, market segmentation, optimal balance between price and quality, influence availablity, choosing the right distribution channel Right product: - Differentiation (differentiate your product from competitors) Right customer: - Market segmentation (fin...