How are hotel rooms 'perishable goods'?
A) Distribution partners such as OTAs get allocated a limited number of rooms.
B) A guest room needs a major refurbishment investment every 7 to 10 years.
C) You only have 24 hours a day to sell it at the best rate possible.

Question

Quizplus · Accepted Answer

Hotel rooms are considered perishable goods because if they are not sold within a specific timeframe (in this case, a day), the opportunity to generate revenue from them is lost forever. Unlike physical goods that can be stored and sold at a later date, an unsold hotel room represents lost potential income for that specific day, which cannot be recovered.

How Are Hotel Rooms 'Perishable Goods