Revenue Management is often defined as selling the right product, at the right time, to the right person, at the right price. But that sounds a little easier said than done. So in general, you can think of revenue management as a set of goals and tactics that aim to result in an increase in revenue. Whether it be forecasting demand or dynamic pricing, there’s a huge amount a hotel can be doing to manage their revenue.
But it’s a whole lot more than that. So much more that we couldn’t possibly fit it all in so be sure to check out our blog on revenue management software for beginners and learn all there is to know about revenue management and how software can help you make the most out of your hotel.