Today's Revenue Management thought:-

How much will guests pay for your rooms and services, and how do you decide what to charge ?

Keeping track of price sensitivity is vital as it allows you to understand the impact an increase or decrease in price will have, and how to time any pricing changes you have planned to best take advantage of the current mood among your potential guests.

Pricing strategy and revenue management is all about understanding and acting on these elasticity changes before your competition does.

Have a profitable week.

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