Yield Management depends on current and accurate information about reservations, the very information provided by the Reservation Reports of a PMS.

Question

Quizplus · Accepted Answer

Yield Management relies on up-to-date and precise information about bookings and customer demand, which is exactly the type of data generated by the Reservation Reports of a Property Management System (PMS). This information is crucial for making informed decisions about pricing and availability to maximize revenue.

Yield Management Depends on Current and Accurate Information About Reservations