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Revenue Management For The Hospitality Industry

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Revenue Management for the Hospitality Industry

Revenue Management for the Hospitality Industry Book
Author : David K. Hayes,Allisha Miller
Publisher : John Wiley and Sons
Release : 2010-11-09
ISBN : 0470393084
Language : En, Es, Fr & De

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Book Description :

This is the first text that has been developed specifically to examine what revenue managers in the hospitality industry must know and do to be successful. Numerous cases and practical examples are used to illustrate revenue management concepts. Chapter ending questions and problems help them perform the calculations and practice the decision-making skills that are used in the field. RM in Action shows how the revenue management principles can be clearly illustrated using real-world examples reported in various news outlets. RM on the Web offers sites listed on the Internet to provide supplemental information about a topic or issue. Revenue managers will then gain hands-on skills to effectively manage their inventories and prices.

Hospitality Revenue Management

Hospitality Revenue Management Book
Author : Peter Szende
Publisher : CRC Press
Release : 2020-11-23
ISBN : 1000030792
Language : En, Es, Fr & De

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Book Description :

This new textbook, Hospitality Revenue Management: Concepts and Practices, provides a comprehensive, in-depth introduction to the basic concepts and best practices of hospitality revenue management. With a real-world, hands-on approach, the book places students in the role of a revenue manager striving to succeed in an ever-changing hospitality business environment. The book takes a unique multi-author, collaborative approach, with chapters from outstanding industry leaders who share their experience and provide the information necessary to arm students with the most up-to-date tools and methods they to be effective in the hospitality revenue management field. The chapters cover the important topics in hospitality revenue management, including hotel pricing, hotel segmentation, distribution channels, competitive analysis, hotel forecasting, performance analysis, market data, supply and demand management, and more.

Introduction to Revenue Management for the Hospitality Industry Pearson New International Edition

Introduction to Revenue Management for the Hospitality Industry  Pearson New International Edition Book
Author : Kimberly A. Tranter,Trevor Stuart-Hill,Juston Parker
Publisher : Pearson Higher Ed
Release : 2013-10-03
ISBN : 129205574X
Language : En, Es, Fr & De

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Book Description :

For courses in Introduction to Revenue Management. The first of its kind, this book was written to address the emerging course in Hospitality focused on revenue management. Based on the authors’ years of industry experience, this book includes a model for understanding the revenue management process and reveals four basic building blocks to revenue management success. With chapters dedicated to consumer behavior, economic principles, and strategic management, it outlines key processes and stages of revenue management planning. Four unique application chapters tailor concepts to specific segments of the industry and professional profiles help students learn about possibilities within the field.

Hotel Sales and Revenue Management Book 2 0

Hotel Sales and Revenue Management Book 2 0 Book
Author : Carol Verret
Publisher : iUniverse
Release : 2008
ISBN : 0595512569
Language : En, Es, Fr & De

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Book Description :

Hotel Sales and Revenue Management Book 2.0 reflects the changes that Web 2.0 has brought to the hotel industry. Web 2.0 represents a seismic shift in how hotel sales, marketers and revenue managers perform their jobs-separating those that will be average and those that will be awesome! The travel and hospitality industry has had an intricate relationship with the internet since the advent of the Online Travel Agencies such as Expedia, Travelocity, etc. Far more than most industries, the impacting Web 2.0 has been swift and become embedded in the fabric of how the hotel industry conducts business. Do the basics still matter? Yes, but the basics have morphed into a new dynamic driven by changes in the buying habits of customers that increasingly use the internet and social media to make their choices. This shift applies to all segments-from the leisure traveler to the sophisticated meeting planner professionals. Understanding this shift, its evolution and applying the new basics, this book provides a handbook for succeeding in a Web 2.0 world. It is an exciting way and creative approach to hotel sales and revenue management!

An Introduction to Revenue Management for the Hospitality Industry Principles and Practices for the Real World

An Introduction to Revenue Management for the Hospitality Industry  Principles and Practices for the Real World Book
Author : Anonim
Publisher : Pearson Education India
Release : 2021-08-02
ISBN : 9788131765715
Language : En, Es, Fr & De

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Book Description :

Download An Introduction to Revenue Management for the Hospitality Industry Principles and Practices for the Real World book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Revenue Management for the Hospitality Industry

Revenue Management for the Hospitality Industry Book
Author : Anonim
Publisher : Unknown
Release : 2019
ISBN : 9789352693580
Language : En, Es, Fr & De

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Book Description :

Download Revenue Management for the Hospitality Industry book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Hotel Revenue Management From Theory to Practice

Hotel Revenue Management  From Theory to Practice Book
Author : Stanislav Ivanov
Publisher : Zangador
Release : 2014-03-15
ISBN : 9549278638
Language : En, Es, Fr & De

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Book Description :

This research monograph aims at developing an integrative framework of hotel revenue management. It elaborates the fundamental theoretical concepts in the field of hotel revenue management like the revenue management system, process, metrics, analysis, forecasting, segmentation and profiling, and ethical issues. Special attention is paid on the pricing and non-pricing revenue management tools used by hoteliers to maximise their revenues and gross operating profit. The monograph investigates the revenue management practices of accommodation establishments in Bulgaria and provides recommendations for their improvement. The book is suitable for undergraduate and graduate students in tourism, hospitality, hotel management, services studies programmes, and researchers interested in revenue/yield management. The book may also be used by hotel general managers, marketing managers, revenue managers and other practitioners looking for ways to improve their knowledge in the field.

Revenue Management for the Hospitality Industry

Revenue Management for the Hospitality Industry Book
Author : David K. Hayes,Joshua D. Hayes,Peggy A. Hayes
Publisher : Wiley
Release : 2021-11-16
ISBN : 9781119790778
Language : En, Es, Fr & De

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Book Description :

This revised and updated second edition of Revenue Management for the Hospitality Industry explains pricing and revenue management strategies using realistic and practical industry examples from hotels, restaurants, and many other hospitality industry segments that utilize differential pricing as a major revenue management tool. The book explains, in detail, what hospitality professionals must know and do to become effective revenue managers. A new chapter on data analysis addresses the dramatic rise in the importance of big-data collection and management, as well as the importance of revenue management-related data increasingly posted on social media and social network accounts. A running case throughout the book helps students discover how to incorporate revenue management principles and strategies address in the text’s 14 chapters. The book is intended for students with prior knowledge and understanding of the hospitality industry.

The Application of Revenue Management in the Dutch Hospitality Industry

The Application of Revenue Management in the Dutch Hospitality Industry Book
Author : Stijn Roothans
Publisher : Unknown
Release : 2013
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download The Application of Revenue Management in the Dutch Hospitality Industry book written by Stijn Roothans, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

An Introduction to Revenue Management for the Hospitality Industry

An Introduction to Revenue Management for the Hospitality Industry Book
Author : Kimberly A. Tranter
Publisher : Unknown
Release : 2008
ISBN : 9788131752494
Language : En, Es, Fr & De

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Book Description :

Download An Introduction to Revenue Management for the Hospitality Industry book written by Kimberly A. Tranter, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Revenue Management Cost Control and Financial Analysis in the Hospitality Industry

Revenue Management  Cost Control  and Financial Analysis in the Hospitality Industry Book
Author : Godwin-Charles Ogbeide
Publisher : Cognella Academic Publishing
Release : 2013-12-31
ISBN : 9781626617537
Language : En, Es, Fr & De

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Book Description :

Download Revenue Management Cost Control and Financial Analysis in the Hospitality Industry book written by Godwin-Charles Ogbeide, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Introduction to Management in the Hospitality Industry Study Guide

Introduction to Management in the Hospitality Industry  Study Guide Book
Author : Clayton W. Barrows,Tom Powers
Publisher : John Wiley & Sons
Release : 2008-03-03
ISBN : 047028546X
Language : En, Es, Fr & De

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Book Description :

Students seeking management careers in hospitality will enter a dynamic industry filled with opportunities. The rewards are many, but so are the challenges. Today's hospitality managers must deal with such complex factors as globalization, terrorism threats, ecotourism, internet commerce, new business and financial models, and rapidly changing consumer demands. Introduction to Management in the Hospitality Industry, Ninth Edition, gives students the industry know-how and the management skills needed to thrive in all aspects of the field, from food service to lodging to tourism. In this latest edition, authors have brought the text thoroughly up to date by featuring new and emerging companies, new technologies, and new ways of doing business. Covering everything from careers to operations to finance, the text offers the most comprehensive and engaging introduction to this exciting field. Upon successful completion of this text, readers will have a strong grasp of the many facets of the hospitality industry. Moreover, they'll understand the issues and challenges facing managers in the industry and the many possible career paths that await them.

Revenue Management for Hospitality and Tourism

Revenue Management for Hospitality and Tourism Book
Author : Patrick Legohérel,Elisabeth Poutier,Alan Fyall
Publisher : Goodfellow Pub Limited
Release : 2013
ISBN : 9781908999498
Language : En, Es, Fr & De

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Book Description :

Written by leading academic and industry experts actively engaged in revenue management, research and teaching this is a new and original treatment of the whole field for students and professionals.The first part of the book provides academically rigorous challenging and contemporary material to get to the core of the subject and to make the theory and practice lively, relevant and engaging. Throughout this, and the second section, numerous references to past and present good practice are used- giving insight into best practice in cutting-edge companies leading the revenue management agenda in markets all over the world. The second part of the book is authored by a range of academics and practitioners all currently engaged in revenue management practice, balancing the theory with the best overview possible of best real world practice. Drawn from the widest possible range of sectors including hospitality, car rental, airlines, tour operators, restaurants and advertising it gives an unrivalled industry perspective.The book is designed for students at many levels in universities, business schools, schools of tourism and hospitality studying marketing, pricing, distribution, selling and commercial issues in the service industry. It will also be ideal for practitioners (consulting experts, revenue managers, pricing managers) studying part-time or on CPD programmes requiring a strong theoretical and practical orientation. It will be essential for those working in revenue management, reservations, operations and logistics and generic marketing.

The Value and Impact of Revenue Management on Hotel Revenue Maximization

The Value and Impact of Revenue Management on Hotel Revenue Maximization Book
Author : Anonim
Publisher : Unknown
Release : 2006
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download The Value and Impact of Revenue Management on Hotel Revenue Maximization book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Hospitality Industry Supervision

Hospitality Industry Supervision Book
Author : Johnny Ch Lok
Publisher : Unknown
Release : 2020-12-05
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

⦁Hotel cost / expense control management strategyFor hotel owners looking to grow their business, a robust revenue management strategy is of the utmost importance, helping to optimise business results. However, under the broader revenue management umbrella, there are many smaller strategies that can help to facilitate growth. In this article, you find nine revenue management strategies that those in the hotel industry can employ to achieve this ultimate objective.What is Revenue Management?Revenue management is a popular concept within the hotel industry, and is used to optimise a hotel or resort's financial results by maximising revenue. The accepted definition is: selling the right hotel room, to the right customer, at the right time, for the right price, via the right channel, with the best cost efficiency.Typically, it requires businesses to make effective use of performance data and analytics to predict demand, establish a dynamic pricing model and maximise the amount of revenue that the company brings in. Although revenue management is applicable to other industries, it has significance in the hospitality industry because hotels deal with a perishable inventory, fixed costs and varied levels of demand. Revenue management is considered important because it takes the guesswork out of key pricing decisions. More extended information about revenue management you can read in the article "What is revenue management?".How to supervise teams in hospitality industryAny hotels need effective supervisors to supervise their teams in different department in order to raise service efficiency. How to supervise teams which is one important question to any hotels? I shall attempt to explain as below: In hospitaloty industry, alomst everything depends on the psycical labour of many hours ( non-managerial workers), waiters, mix drinks, wash dishes, checkquests, clean room, carry bags, mop floors, even security etc. All of these teams must need a supervisor to manage their make products and/or perform services. The human resources for personnel, and training departments are example of staffs who advise line departments, such as the food and beverage department on matters including hiring, disciplining and training.In general, supervisor responsibility may include: achieving or exceeding the expected results, on time and on budget, planning or determining priorities. Organizing ( scheduling), motivating ( creative a positive work environment), controlling ( monitoring and taking corrective action if mistakes are outside acceptable limits), communicating effectively.In the reality, in a hotel you may have 5,000 minimum customers are day. You deal with your supervisors. You deal with your subordinates, and you deal with your guests, all coming at you from different directons. Salepeople, deliveries, inspectors, customer complaints and applicants . You jobs interrupt you. So, you are likely to have only a few seconds available when you make many important decisons.You will feel bus to deal any of either above, these matters every day. Hence, in effective hotel organization, it needs have effective scientific management, it incudes these elements: Standardization, of work procedures, tool and conditions of work through design of work methods by specialists, careful selection of competent people, after training, and elimination of these ( traineers) who could not or would not perform, complete and constant overseeing of the work, with total obedience from the worker' incenive pay for meeting the fair day for meeting the fair day's work standard, the worker's share of the increased productivity.

Operations Management in the Hospitality Industry

Operations Management in the Hospitality Industry Book
Author : Peter Szende,Alec N. Dalton,Michelle (Myongjee) Yoo
Publisher : Emerald Group Publishing
Release : 2021-06-10
ISBN : 1838675434
Language : En, Es, Fr & De

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Book Description :

From restaurants to resorts, the hospitality industry demands strong operations management to delight guests, develop employees, and deliver financial returns. This introductory textbook provides students with fundamental techniques and tools to analyse and improve operational capabilities of any hospitality organization.

Key Concepts in Hospitality Management

Key Concepts in Hospitality Management Book
Author : Roy C Wood
Publisher : SAGE
Release : 2013-02-01
ISBN : 1446290727
Language : En, Es, Fr & De

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Book Description :

"Accessibly written and thoughtfully edited, making it essential reading for those studying hospitality and embarking on a career in the industry." - Peter Lugosi, Oxford School of Hospitality Management "This text is a fascinating read... Roy Wood has spent 25 years teaching, researching and writing on the hospitality industry - much of that learning is here in this book." - Erwin Losekoot, Auckland University of Technology "All different aspects of the hospitality industry are elaborated on... All in all a wonderful course book for for our students!" - Claudia Rothwangl, ITM College This book covers the major concepts students are likely to encounter throughout their study within the hospitality management, giving a comprehensive and up-to-date overview as well as providing engaging everyday examples from around the world. A leading figure in the field, Roy Wood has successfully gathered international contributors with direct experience of hospitality management and the hospitality industry as a whole, ensuring the academic, geographical and practical integrity of the book. Key Concepts in Hospitality Management is written for undergraduate students and those studying short postgraduate or executive education courses in hospitality management, events management, tourism management and leisure management.

Hotel Pricing in a Social World

Hotel Pricing in a Social World Book
Author : Kelly A. McGuire
Publisher : John Wiley & Sons
Release : 2015-10-26
ISBN : 1119129966
Language : En, Es, Fr & De

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Book Description :

Take control of revenue management in the new hotel economy Hotel Pricing in a Social World: How to Drive Value in the New Hotel Economy is an insightful resource that provides guidance on improving organizational decision making to keep your hotel relevant, from a pricing standpoint, in the often chaotic hotel landscape. This groundbreaking book clearly showcases the current environment of the hotel industry, and describes new and emerging trends that can impact your revenue management tactics. This essential text prepares you to survive and thrive in today's highly competitive market, and outlines the best approach to building profitable pricing strategies that follow both tactical and strategic best practices. Revenue management has become a key activity in the highly social environment of today's hotel industry, thanks to mobile technology and social media. Though relatively new, revenue management is a quickly-evolving discipline that requires precision if you want to maintain your hotel's relevance in the market. Leverage original research, case studies, and industry examples to understand the practical application of key concepts Explore current market conditions that have an impact on revenue management Consider how advances in data management, analytics, and data visualization can impact revenue management practices Identify how revenue management can help you take advantage of market opportunities and overcome challenges Hotel Pricing in a Social World: How to Drive Value in the New Hotel Economy is an essential text for hotel CFOs, CMOs, revenue managers, and operations managers who want to leverage revenue management techniques to keep their hotel competitive.

Benefit Of Using Yield And Revenue Management

Benefit Of Using Yield And Revenue Management Book
Author : Nathaniel Brining
Publisher : Unknown
Release : 2021-05-10
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Broadly speaking, Revenue Management is the use of analytical data, which can help to predict the behavior of customers, so that product availability and price can be optimized to generate the maximum amount of revenue possible. Revenue management looks to drive higher revenues, margins, and profitability for the entire company. Companies within the hospitality industry that implement revenue management typically experience a three to six percent increase in revenues. This book is about the basis of Revenue Management, the best tools that need to be applied, it covers the importance of good online marketing and how to manage your online reputation. It includes some practical cases and examples. If you want to understand Revenue Management in a concise way through real examples, this is the book for you!