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Revenue Management Chapter 5 Exam Questions With 100% Correct Answers
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What does it mean when rooms are in a multi-tiered rate structure? - ANSWER-The same room can be sold at different prices in different conditions Common rate types (9) - ANSWER-• Rack rate • Corporate and special corporate rates • Group rates • Promotional rates • Government rate • Event rates • Employee rate • Complimentary rate • Hurdle rate and best available rate What is rack rate and what are the three other names it can go by? - ANSWER-The highest rate a hotel charges for a room 1. Premium rate 2. Walk-in rate 3. Posted rate Does the rack rate by law have to be posted inside the hotel room? - ANSWER-YES
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Revenue Management Chapter 5
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Revenue Management Chapter 5
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what does it mean when rooms are in a multi tiered
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