A demand ^-forecasting technique used to maximize room revenue is known as

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Revenue management is a technique used to maximize room revenue by setting prices based on demand. It involves analyzing past data, forecasting future demand, and adjusting prices accordingly to achieve the maximum revenue. This allows hotels to sell rooms at different rates based on market demand and occupancy levels. Property management systems are software used to manage hotel operations, upselling is a sales technique used to persuade guests to purchase additional services or upgrades, and return on investment is a financial metric used to determine the profitability of an investment. While all of these concepts are relevant to hotel revenue generation, revenue management specifically addresses the technique of maximizing room revenue through pricing strategies.

A Demand -forecasting Technique Used to Maximize Room Revenue Is

A Demand ^-forecasting Technique Used to Maximize Room Revenue Is