Today's Revenue Management thought:-
In the wake of an impending recession, Revenue Managers cannot use a crystal ball to predict a probable collapse.
However, due to market turbulence and the potential for instability, it is advised that the key to minimizing threats in a recession is to be proactive rather than reactive during an economic downturn.
So look deep into the future & find opportunity for your property(ies)
Be flexible with existing customers
Don’t reduce pricing
Protect available cash
Evaluate non-essential expenses
Accept short term thinking
Re-evaluate everything
Innovate – Look for opportunities everywhere
Have a profitable week.
✌🏼