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Structured response questions

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Reference no: EM133136340

Structured Response Questions

Read the following question and write appropriate responses.

  1. What is meant by the term ''yield management''?
  2. What is the job role of Revenue Management in a hotel?
  3. A 500-room hotel had sales on May of 260 rooms with a revenue of 68, 000.  Calculate the ADR and the RevPAR, would you rank this as a good performance? Why or why not.
  4. Discuss each of the following of the strategic levers of Revenue Management and their role in the revenue management process.
  5. Duration
  6. Demand
  7. Product 
  8. Price

Work should consist of your own input and use of appropriate reference where other sources are used.

Reference no: EM133136340

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