Home 
Revenue Management Revenue Management Book Culture + Philosophy
Revenue Management Revenue Management Book Culture + Philosophy
| Revenue Management is a Culture and Philosophy |
| Wednesday, 07 October 2009 00:00 |
|
Revenue Management is more the just techniques to yield rates. It is a philosophy and culture that has to be implemented in your entire hotel.
Are you ready to say No to business? General management, Sales and Reservations need to agree on same vision and objectives. Conflicts can happen! Weekly meetings are necessary to share. Set short, medium and long term strategy together. Decisions must be based on knowledge, not on feelings!
Practice of Revenue Management may go faster than technology: does your PMS allow Flexible pricing? Record statistics for knowledge based decisions.
Cheers,
Patrick - Xotels  |
