Today's Revenue Management thought:-
Provoking “thoughts !! (part 4)
Certainly, revenue management is a complex and dynamic field that involves optimizing pricing and inventory to maximize revenue. Here are some thought-provoking ideas and considerations related to revenue management:
Sustainability and Revenue: Consider the role of revenue management in sustainable business practices. Can optimizing pricing and inventory also contribute to reducing waste and environmental impact?
COVID-19 and Revenue Management: The global pandemic disrupted traditional revenue management practices. Reflect on how businesses adapted and what long-lasting changes may result from this experience.
AI and Automation: As artificial intelligence and automation technologies advance, how might they reshape revenue management strategies and the roles of revenue managers?
These thought-provoking ideas should stimulate discussions and encourage hotels to think critically about their revenue management strategies in an ever-evolving business landscape.
Have a profitable week !
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