Revenue Management in Hotels: Fixed Cost Optimization

In the hotel industry, optimizing the cost of rooms and services has always been a difficult affair. The pricing strategy is facing challenges mainly due to product perishability, a variety of customer segments, variable demand and fixed room inventory, which lead to price fluctuations. The industry has been looking at yield management pricing strategies to […]

Revenue Management for the Hospitality Industry

Introduction to Revenue Management When you stayed in that luxury hotel during your last vacation, did you check what your neighbor paid for her room? If she were a business visitor, she could have paid well above $300 for the same room that you paid $180. It is also possible that she paid $120 provided […]