The revenue manager in the hospitality industry

Kalandarova Gulnoza

GREEN ECONOMY AND DEVELOPMENT, 2024, vol. 2, issue 11

Abstract: Revenue management includes the use of analytics and performance data to assist those in the hotel industryforesee their customers' behavior. The data is then utilized to make appropriate decisions in regards to pricing anddistribution strategies. The ultimate goal of revenue management is to have the right room for the right person at the righttime and place. When this happens, you will be more likely to maximize your revenue, and in turn, your profit.

Keywords: revenue manager; hospitality industry; demand of customer; business intelligence; pricing strategy. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:2:y:2024:i:11:id:3384

DOI: 10.5281/zenodo.14241702

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