In order to survive during the pandemic, the hotel industry adopted several strategies which were more focused on heightened safety, enhancing existing services, and envisioning more tech-enabled solutions to meet the needs of the consumer.
One of the most important tools to cope with this challenging scenario is an efficient revenue optimization strategy. This involves predicting customer demand and then streamlining prices to increase profit margins. It also involves optimising the available inventory in the best possible manner so that it maximises profitability.
STEP BY STEP
This story is from the December 2021 edition of Hotelier India.
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This story is from the December 2021 edition of Hotelier India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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