In the hospitality industry, perishability means:

Name: In the hospitality industry, perishability means:
Brand: Quizplus
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Quizplus · Accepted Answer

Perishability in the hospitality industry refers to the fact that unsold airline seats, hotel rooms, or empty restaurant tables cannot be stored and reused at a later date. Once the time period for which they were intended has passed, their value is lost forever. This is why revenue management techniques are used to maximize occupancy and revenue in the industry.

In the Hospitality Industry, Perishability Means