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What is Hotel Revenue Management Concepts about?

This document discusses revenue management concepts and techniques. It defines revenue management as enhancing firm revenues by selling the same amount of products at the right time and price. Revenue management was pioneered in the airline industry in 1985 and later applied to hotels. Key areas of application include hotels, aviation, media, car rentals and more. Yield management focuses on high profit booking through techniques like demand forecasting, capacity management, discount allocation and duration

Author

Arushi Chadha

Language

EN