Hospitality Property School

Your guest room is a perishable product so pricing & customer happiness remain extremely important variables. To stay on top you need to understand revenue management and why it is important. I’ll explain.Why did you want to become a hospitality property owner?•The idea of becoming a hospitality property owner and greeting guests sounded appealing.•You were tired of the rat race and wanted to take control of your own destiny.•Or like most owners, you wanted to make money or even better, to make more money in less timeOne of the main factors you need to be successful and make more money in less time it is for you to understand revenue management and why it is important.It is what propels hotels, resorts, inns and bed and breakfasts success. It does not matter the size of your property, a guest room is a perishable product since the number of guest rooms you have is defined. For this reason, pricing and customer happiness remain very important variables, which are subject to hospitality property revenue man