Room & Revenue

Room and Revenue Management

Prepared by: Ruana Maharjan Shraddha Subedi Ribika Maharjan Samprada L.Gurung

CONTENT

Content

Introduction

Objectives

Concept of revenue management

Hotel industry application

Capacity management

Discount allocation

Duration control

Conclusion

References

Questions

Thank you

Objectives

To know how the revenue is maximized

To know how profitability is achieved

To know how guest satisfaction is improved

To let the audience know origin of room and revenue management

To know how demand and supply works in room and revenue management

To know how forecasting is done

01

Introduction

• Revenue management includes using techiniques to maximize profit
• It aims to target the products and services to the people who are in actual need of it
• it has been proven to be a very rewarding tool for lodging industry

Concept of revenue management

• Originated in from airlines company
• Essentail tool fo rhotels financial success
• right product to the righ tperson at the right time
• used by many hotels to evaluate their revenue potential
• based on demand and supply
• high profit booking> high volume booking
• all about forecasting

Hotel Industry application

Hotel industry application refers to the software and technology used in managing various aspects of hotel operations such as reservations, customer management, inventory and pricing management, and reporting.

discount allocation

It refers to the process of distributing discounts or promotional offers across a set of products or customers.

100%

capacity management

The process of planning, controlling, and optimizing the use of resources and infrastructure to meet demand in the most efficient and effective way possible.

duration control

Duration control refers to the process of managing the length of time that a particular event or action takes place.

CONCLUSION

Reference

• Google
• Pinterest
• Slides provided by Rakshya ma'am

THANK YOU!