Q.1. Revenue Management software can integrate room demand and room price statistics to stimulate high revenue producing scenarios. Explain the working of revenue management software and list the advantages.(10) The most effective way of handling data and generating...
Q.1. Explain the concept of revenue management. Discuss the application of revenue management in hotel industry.(5+5=10) Revenue Management (RM) is the art and science of maximizing revenue under variable conditions. It is a management tool that has the objective of...
Q.1. Prepare a Discount Grid for 80%, 70% and 60% current occupancies (at Rack Rate) for discounts of 5%, 10% and 15% on Room tariff assuming the following details: (10) Rack Rate - ₹10,000 Marginal Cost- ₹3,000 Total saleable rooms- 200 Discount Grids It refers to a...
Q.1. Discuss the role and composition of revenue management team in enhancing room revenue.(10) Composition of Revenue Management Team • Revenue Management team composes of important areas of the Hotel. • The different positions involved are General Manager, Marketing...