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FINAL EXAM HOSP 3100 QUESTIONS AND ANSWERS
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---3May 20242023/2024A+
- What is hotel Revenue Management? Explain your answer - Answer-Selling the right product (suite, club etc.) to the right customer (what segment?) at the right time(lead time) for the right price(strategies) through the right channel (GDS, OTA, B etc.) with the best cost efficiency (margin, commission, labour); 
Optimizing revenue by using tools (reports, systems, recommendations, and competitive intelligence), experience and insight toward achieving best possible results 
 
What is a DORM respon...
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