Selling prices for those rooms typically increase as well

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When consumer demand for hotel rooms increases, the average selling prices for those rooms typically increase as well. In the foodservice business that has not historically been the case. Fluctuations in consumer demand (e.g., volume differences between high demand Saturday nights and lower-volume Sunday nights) in restaurants do not typically result in menu price changes. Given that both hotels and restaurants are part of the hospitality industry, how do you account for these fundamental differences in approach toward strategic pricing? As a customer, which approach do you believe sends you the better value message? Explain your position.

Reference no: EM132307506

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Selling prices for those rooms typically increase as well : When consumer demand for hotel rooms increases, the average selling prices for those rooms typically increase as well.

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