What Revenue Management strategy do you follow?1 min read
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.