hospitality revenue management

Hospitality revenue management involves strategically adjusting prices and availability of rooms or services to maximize income. By analyzing factors like demand, market trends, and customer preferences, hotels and dining establishments can forecast busy periods and set optimal prices. This approach ensures they attract enough guests while maximizing revenue during high-demand times and offering incentives during slower periods. Ultimately, it's about intelligently balancing supply and demand to improve profitability without compromising guest satisfaction.