Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please refer to Exhibit 7. This What If scenario shows us the impact when we increase the system price with an override. Is this a
Please refer to Exhibit 7. This What If scenario shows us the impact when we increase the system price with an override. Is this a beneficial override? Why or why not? |
No. System overrides arent a good idea; never change the RMS demand forecast or pricing |
|
No. The increase in price resulted in a decrease in the Occupancy Forecast and Revenue |
|
Yes. The Occupancy Forecast and Revenue for the property have increased |
|
Yes. Even though the Occupancy Forecast and Revenue decreased for Standard rooms, the increase in Deluxe rooms makes up for it |
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