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 ] www.wsj.com/articles/marriott...
[ 2 ] skift.com/2014/09/26/latin-am...
[ 3 ] sha.cornell.edu/faculty-resea...
[ 4 ] scholarship.sha.cornell.edu/c... - page 8
[ 5 ] suite.booking.com/rateintelli...
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Read more in our articles:
1) Hotel Revenue Management: Solutions, Best Practices, Revenue Manager’s Role www.altexsoft.com/blog/busine...
2) Machine Learning Redefines Revenue Management and Dynamic Pricing in Hotel Industry www.altexsoft.com/blog/datasc...
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#Revenue #revenuemanagement #hotelmanagement #traveltech #hospitality #demandforecasting
Video footages:
Videvo.net (author: Videvo)

[@nikitaraykungbeharry6664]

This Totally helps me understand the unique characteristics of Revenue Management.

[@ahmedmazih4845]

First of all thanks for this informatve video , I just get confused between the RM and yield management !

[@mas_psa]

It's the same thing just that yield M is an old term

[@ahmedmazih4845]

@@mas_psa ok thanks a lot bruh

[@Qtheamazingletter]

Excellent Video

[@datoalavista581]

Thank you for sharing !

[@reagantan6372]

Hi.. i wanna ask if u can also do revenue management for a pet shop or pet food shop..snce here in our country all petstore are not profitable

[@matthewpreacher5885]

Great 👍

[@shivarajbandaru2216]

To be frank, I haven't seen ur subscribers first. Later on video I have decided to subscribe which makes me to forecast that u may have lakhs of subscription. But in reality u have less. But I am sure u will get a lot of subscriptions. THAT'S WHAT U DISERVE

[@jonathanmontaluisa7950]

Sold me an add and I'm not even mad 😂