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You are the RM for a 250-room hotel, and the neighboring county has a power outage that could last up to 10 days. Before the
You are the RM for a 250-room hotel, and the neighboring county has a power outage that could last up to 10 days. Before the outage, your hotel had an average occupancy of 33% for the 10-day outlook. Your daily rack rate is $199. What rate would you set to enhance people without the power to stay at your hotel? What are the legal and ethical aspects of a revenue manager? Could you explain your pricing strategy in detail? Include your logic and reasoning with examples, evidence, or experience
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