Why is revenue management suitable for the hotel industry?
A) A hotel room has a fixed number of hotel rooms; you can't increase capacity
B) The necessary software is now available at reasonable prices
C) The product is perishable
D) Both A and C
Correct Answer:
Verified
Q5: A skim strategy for pricing works best
Q6: These are examples of the ways to
Q7: Value based pricing:
A) Forces managers to keep
Q8: Revenue per available customer in a hotel
Q9: A 500 room hotel has a $150
Q11: A major problem with cost- percentage pricing
Q12: Markup pricing is heavily used in the
Q13: The most basic element that revenue management
Q14: For a restaurant, the cost of beef
Q15: A new offering that internet sites, such
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