What Revenue Management strategy do you follow?
Reading Time: < 1 minute[youtube]http://www.youtube.com/watch?v=NFdRHefy_tc[/youtube]
What Revenue Management strategy do you follow?
Different types of Hotels may consider to use different types of revenue management. Question is: what’s best for your hotel?
Welcome back to GuestCentric’s workshop series 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.
This video helps hoteliers understand the different pricing/revenue management strategies and decide which one fits their property and sales strategy best.
