Hospitality Revenue Management Exam Questions & Answers 100% Accurate

Revenue management is the act of directing sources of income within the confines of - ANSWER-capacity, supply and demand GOPPAR takes into account which of the following variables that is not considered in RevPAR? - ANSWER-Controllable expenses Name revenue optimization strategies - ANSWER-Market segmentation, Duration control , BAR (Best Available Rate) Legoherel, Poutier, & Fyall point out that revenue optimization is not only about product versioning, distribution channel selection, and pricing, but also - ANSWER-careful selection of the most profitable customers The net value achieved by a seller and a buyer in a business transaction - ANSWER-Profit A Barter System is a - ANSWER-Trading system in which goods and services are exchanged without the use of money.