Revenue Management - the science of ultimate hotel success

Basically, revenue management does a difficult job of matching supply and demand or selling the right room to the right client at the right moment at the right price on the right distribution channel with the best commission.

This is something any business has to do to stay profitable, but something the hotel industry needs the most. Why ?

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Sources:

[ 1 ] https://www.wsj.com/articles/marriott-to-acquire-starwood-hotels-resorts-1447673866
[ 2 ] https://skift.com/2014/09/26/latin-american-hotels-have-a-supply-and-demand-problem/
[ 3 ] https://sha.cornell.edu/faculty-research/faculty/sek6/
[ 4 ] https://scholarship.sha.cornell.edu/cgi/viewcontent.cgi?article=1239&context=chrpubs - page 8
[ 5 ] https://suite.booking.com/rateintelligence/
https://welcome.expediagroup.com/en

Read more in our articles:
1) Hotel Revenue Management: Solutions, Best Practices, Revenue Manager’s Role https://www.altexsoft.com/blog/business/hotel-revenue-management-solutions-best-practices-revenue-managers-role/
2) Machine Learning Redefines Revenue Management and Dynamic Pricing in Hotel Industry https://www.altexsoft.com/blog/datascience/machine-learning-redefines-revenue-management-and-dynamic-pricing-in-hotel-industry/
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Hiatus (https://freemusicarchive.org/music/Frequency_Decree/2019032962919594/Hiatus) by Frequency Decree (https://nultielrecords.blogspot.com/) is licensed under a Attribution-NonCommercial-ShareAlike License. (https://creativecommons.org/licenses/by-nc-sa/4.0/)

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Hill And Dale (https://freemusicarchive.org/music/Chad_Crouch/Evolver/Hill_And_Dale) by Chad Crouch (https://www.soundofpicture.com/) is licensed under a Attribution-NonCommercial 3.0 International License. (https://creativecommons.org/licenses/by-nc/3.0/)

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#Revenue #revenuemanagement #hotelmanagement #traveltech #hospitality #demandforecasting

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