Final exam hosp 3100 - Study guides, Class notes & Summaries

FINAL EXAM HOSP 3100 QUESTIONS AND ANSWERS What is hotel Revenue Management? Explain your answer - ANS->>Selling the right product (suite, club etc.) to the right customer (what segment?) at the right time(lead time) for the right price(strategies) through the right channel (GDS, OTA, B etc.) with the best cost efficiency (margin, commission, labour); Optimizing revenue by using tools (reports, systems, recommendations, and competitive intelligence), experience and insight towar...

What is hotel Revenue Management? Explain your answer - Answer-Selling the right product (suite, club etc.) to the right customer (what segment?) at the right time(lead time) for the right price(strategies) through the right channel (GDS, OTA, B etc.) with the best cost efficiency (margin, commission, labour); Optimizing revenue by using tools (reports, systems, recommendations, and competitive intelligence), experience and insight toward achieving best possible results What is a DORM respon...

FINAL EXAM HOSP 3100 COMPLETE QUESTIONS AND ASNWERS | VERIFIED

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HOSP 3100 FINAL EXAM-with 100% verified solutions

FINAL EXAM HOSP 3100

HOSP 3100 FINAL EXAM-with 100% verified solutions

HOSP 3100 FINAL EXAM-with 100% verified solutions

FINAL EXAM HOSP 3100.

FINAL EXAM HOSP 3100 Updated Questions with Answers Graded A + 5 step revenue management - Answer 1- identify the contracts with the customer; 2-identify the performance obligations in the contract; 3-determine the transaction price; 4-allocate the transaction price to the performance obligations; 5-recognize revenue when the performance obligation is satisfied Explain how a DORM works with a DOSM to best plan for their hotel's financial success. - Answer Planning for optimal transient/...