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Tag Archive: Revenue Management in Hospitality Industry

Significance of Revenue Management in Hospitality Industry

Revenue Management

Revenue management is commonly associated with presenting the right room at the right cost to the right client at the right time. At the current state, hotel industry profit centers are extending to newer avenues such as conferences, restaurants and other recreational facilities such as Spas and golf courses. The common traits among each are that every one of these products is perishable. This means if a hotel room is…
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