Introduction to Revenue Management
Quiz by Jerry Januar
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10 questions
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- Q1What is Hotel revenue Management?Managing price and durationYielding the rate based on the occupancySelling the right product to the right costumer at the right price at the right timeSelling the right room to the right customer at the right price at the right time10sEditDelete
- Q2The number of room of all types available for sell by hotel is known as ?room inventoryproduct placementroom categoryProduct assortment10sEditDelete
- Q3Which are the condition where we can apply revenue management?All correctPrice SensitivityVariable demandFixed Capacity10sEditDelete
- Q4The airline industry start yield management in what year?197019801985199010sEditDelete
- Q5When hotel start implementing Yield Management?197819751970198010sEditDelete
- Q6What is the formula we use in calculating REVPAR?Occupancy % x ADROccupancy % - ADROccupancy % + ADROccupancy % : ADR10sEditDelete
- Q7What makes RevPAR a better than total revenue?Provide more information about revenue and revenue increaseRevPAR traditionally lower than ADRProvide information about occupancy and ADRRevPAR represent the entire available inventory10sEditDelete
- Q8What are the two strategic element critical to revenue management?Price and InventoryLocal Event and PriceDemand and SupplyPrice and Duration10sEditDelete
- Q9A time based product or service that are gone if not sold called?Fixed InventoryPerishable InventoryElastic CapacityFixed Capacity10sEditDelete
- Q10No show guest are also called as ?Duration uncertaintyShortened StayCancelationArrival Uncertainty10sEditDelete