hospitality related

Case Study Part 1 . Question 1: How is value created? Think of a specific hotel or restaurant that you have experienced, How could it add more value for you? Why? Question 2: Describe two distinct market segments and describe any differences in buying behavior. Question 3: Assume you are the opening revenue manager for a new resort. List the steps that you would take to define a comp set and determine its benchmark rate. Question 4: If a hotel has more demand than supply for a given time frame, what pricing strategies can be considered to increase profits? a