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Article
The concept of Hotel Revenue Management
Hotel Revenue Management: What is it? Revenue Management has contributed millions to the bottom line, and it has educated our people to manage their business more effectively. When you focus on the bottom line, your company grows. — Bill Marriott Jr., Chairman and CEO, Marriott International — Defining the concept…
Article
A New Approach to Hotel Revenue Management
The age of Online Reviews – a new approach to Hotel Revenue Management In the first part of the article, we talked about the origins of Hotel Revenue Management while briefly presenting the traditional approach to it. Today’s markets have fundamentally changed, both when it comes to demand patterns and…