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While revenue management is more focused on a hotel’s pricing and availability to maximize revenue, revenue optimization takes a broader approach to include a full range of revenue sources that includes food and beverage, spa services, events, classes, and other ancillaryrevenues.
Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? GlobalDistributionSystem (GDS): A GDS system can be defined as a worldwide reservation system that acts as a platform to connect travel bookers or suppliers and hotels.
Revenue and pricing Now we’re onto the good bit! Here’s where you’ll project your hotel’s revenue streams , including room revenue, food and beverage sales, and other ancillaryrevenue sources.
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