Describe the concept of yield management

Reference no: EM13804263

1. Describe the concept of yield management and explain its significance. Provide an example of its application.

2. Explain the hub-and-spoke concept. Discuss advantages and disadvantages. Do you think that this is a good system? Why or why not?

3. Why is there no single definition for the various restaurant classifications? Give a few examples to support your explanation.

4. What is destination management and why is it important?

Reference no: EM13804263

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