Question
In Chapter 6- Revenue Management in China's Lodging Sector: Revenue Management in Hotels and Airlines: A Critique,we learn the importance of maximizing rooms revenue (i.e.
In Chapter 6- Revenue Management in China's Lodging Sector: Revenue Management in Hotels and Airlines: A Critique,we learn the importance of maximizing rooms revenue (i.e. obtaining the most money for a hotel room). After viewing the video titled, The Future of Hotel Revenue Management, we learn from Dr. Kimes that revenue maximization needs to be generated from other "streams" (Cornell, 2010).
For this , Iwould like you to utilize this readings, video and outside sources to discuss what current and future revenue streams hotels should focus on to ensure revenue maximization for the entire hotel.
Address the following:
- What "streams" or departments do hotels generally apply revenue management?
- What "streams" or departments could hotels focus more energy on developing additional revenue?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started