HSP Revenue Management Exam Questions With Best Graded Answers 100%

Over the last several years, the industry has recognized that revenue management can no longer be a tactical approach to room and pricing management only. - ANSWER-True A variable cost is the cost associated with an occupied room regardless of the total number of rooms occupied. - ANSWER-False Being able to identify and understand the expenses per occupied room provides hoteliers with an opportunity to not only control expenses but also to identify any trends that may be impacting business. - ANSWER-True Ancillary revenues can be defined as any additional revenues generated from products and services other than the main products and services offered by a hotel. - ANSWER-True Hoteliers do not need to have a solid understanding of each segment's typical spending habits and total spending as this will not help in target marketing and showcasing the total value a hotel has to offer to that target customer. - ANSWER-False