Hospitality Revenue Management / 174 Quizzes with Certified Ans 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
Analytical Market Segmentation - (answers)Process of creating revenue management
segmentation from reservation data
Ancillary Revenue - (answers)Revenue sources other than room and conference & banquet
revenue
Artificial Intelligence - (answers)Science of training machines to perform human tasks
Attendee Density - (answers)Total number of unique attendees divided by optimal capacity of
venue
Average Daily Rate (ADR) - (answers)Actual daily room revenue divided by total rooms sold
Average Rate Index (ARI) - (answers)Index that measures a hotel's rate against its market
Best Available Rate (BAR) - (answers)Lowest non-restricted rate bookable by all guests
Booking Curve - (answers)Visualization of the speed at which bookings materialize prior to the
arrival date
Booking Engine - (answers)System that allows reservations to be made on a website
Booking Pace - (answers)Speed at which bookings materialize over a period of time from
booking date to arrival date
, Booking Window - (answers)Timeframe between reservation and actual arrival date
Business Mix - (answers)Blend of different market segments that occupy a hotel
Central Reservation System (CRS) - (answers)Reservation system used to maintain hotel
information, rates, and inventory status
Channel Management (CM) - (answers)Control of inventory and rates across all distribution
channels
Competitive Set - (answers)Comparable hotels in a hotel's vicinity that compete for guests
Component Rooms - (answers)Combination of physical guest rooms that can be converted into
various configurations
Constrained Demand - (answers)Number of rooms that could be sold considering hotel's capacity
or restrictions
Cost of Walk (COW) - (answers)Cost of turning away a guest when unable to provide promised
accommodation
Customer Relationship Management (CRM) - (answers)System used for customer management
and sales management
Cutoff Date - (answers)Contracted date when hotel closes a group block and releases unsold
rooms
Day Parts - (answers)Dividing the day into several parts for accommodating different events
Days to Arrival - (answers)Number of days prior to an arrival date
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
Analytical Market Segmentation - (answers)Process of creating revenue management
segmentation from reservation data
Ancillary Revenue - (answers)Revenue sources other than room and conference & banquet
revenue
Artificial Intelligence - (answers)Science of training machines to perform human tasks
Attendee Density - (answers)Total number of unique attendees divided by optimal capacity of
venue
Average Daily Rate (ADR) - (answers)Actual daily room revenue divided by total rooms sold
Average Rate Index (ARI) - (answers)Index that measures a hotel's rate against its market
Best Available Rate (BAR) - (answers)Lowest non-restricted rate bookable by all guests
Booking Curve - (answers)Visualization of the speed at which bookings materialize prior to the
arrival date
Booking Engine - (answers)System that allows reservations to be made on a website
Booking Pace - (answers)Speed at which bookings materialize over a period of time from
booking date to arrival date
, Booking Window - (answers)Timeframe between reservation and actual arrival date
Business Mix - (answers)Blend of different market segments that occupy a hotel
Central Reservation System (CRS) - (answers)Reservation system used to maintain hotel
information, rates, and inventory status
Channel Management (CM) - (answers)Control of inventory and rates across all distribution
channels
Competitive Set - (answers)Comparable hotels in a hotel's vicinity that compete for guests
Component Rooms - (answers)Combination of physical guest rooms that can be converted into
various configurations
Constrained Demand - (answers)Number of rooms that could be sold considering hotel's capacity
or restrictions
Cost of Walk (COW) - (answers)Cost of turning away a guest when unable to provide promised
accommodation
Customer Relationship Management (CRM) - (answers)System used for customer management
and sales management
Cutoff Date - (answers)Contracted date when hotel closes a group block and releases unsold
rooms
Day Parts - (answers)Dividing the day into several parts for accommodating different events
Days to Arrival - (answers)Number of days prior to an arrival date
