Revenue management in the hotel industry is in principle working with numbers - prices, with the aim of establishing an optimal real selling price, taking into account the required economic results. At the same time, it is a combination of intuition and knowledge in the environment and time, competitiveness and foresight.
Selling hotel rooms just without the prior definition of a strategy is more and more deplorable in the current economic situation. When determining the sale price of a hotel room, it is necessary to base it on a number of analytical and economic results so as to be able to determine the optimum real selling price.
In your specific case, we will determine all the prices from all sources and we will teach you to determine the optimal selling price of the hotel accommodation for the given room type by the given date.