Introduction to Hotel Revenue Management1 min read
Welcome to GuestCentric’s workshop series about Hotel Revenue Management Optimization.
The implementation of a revenue management strategy to maximize revenue and profits is crucial for any hotel. Although revenue management is consider by many a complex business strategy, the basis of it and objectives are very simple: being able to adapt the price of a service or product based on demand, competition, time, market and other factors in order to maximize profits and revenue.
I hope you find this information useful. Stay tuned for more:
- Introduction to Revenue Management Part II September 15, 2009
- What revenue management strategy do you follow September 29, 2009
- Choose the pricing strategy that fits you the best October 20, 2009