Revenue Management Final Exam Questions With 100% Correct Answers

What is the main reason that travelers today have more clout than ever before? - ANSWER-They have information on virtually everything at their fingertips. Revenue Management is NOT necessarily about... - ANSWER-Achieving 100 % occupancy and a perfect science The Hurdle Rate is...? - ANSWER-The Lowest Rate for a Given Day A benefit of variable pricing within revenue management is the smoothing of demand. T/F - ANSWER-True Revenue management is a set of revenue maximization strategies and tactics that... - ANSWER-can be used to improve the profitability of certain businesses. In January, the 200-room SnowBound Inn ran a skiers special that resulted in them selling 5,735 rooms during the month. What was the occupancy percentage for the month? - ANSWER-Occupancy % = Room nights sold in a period / Room nights available in that period Answer: 5,735 / (200x31) = 5,735 / 6,200 = 92.5%