Hotel revenue management is crucial for the success of any establishment, despite its size. While such an establishment can't do much about its surrounding and local climate, its rooms and customer experience are something that can be managed. This is exactly what hotel revenue management is all about and with hotel software, it has become much easier to do it.
One of the widely accepted definitions on Hotel Revenue Management clearly states that it is: selling the right room to the right client at the right moment at the right price on the right distribution channel with the best commission efficiency.
Since this definition is a quick sum up of revenue management, here are the concepts that will help you understand and take care of its basics in your own establishment.
Understanding the Basics of Hotel Revenue Management
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