Revenue Management

Revenue Management is the application that predicts consumer behavior at the micro-market level and optimize product availability and price to maximize revenue growth. The primary aim of Revenue Management is selling the right product to the right customer at the right time for the right price and with the right pack. It is nothing but understanding customers' perception of product value and accurately aligning product prices, placement and availability with each customer segment. The discipline of revenue management combines data mining and operations research with strategy, understanding of customer behaviour, and partnering with the sales force. The hotel industry fits these criteria extremely well. Obviously, hotels have a fixed inventory of rooms to sell; these rooms are also extremely perishable. You may not have thought about it, but hotel rooms perish every day; any room that is unsold tonight is gone forever. There is also no question that different segments of business are willing to pay different rates under various circumstances.

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List of Hotel Management Conferences in 2015:

• International Conference on Hospitality and Tourism Marketing and Management
• Hotel Management and Technology Indonesia Conference
• Arabian hotel investment conference-2015
• Hotel Investment Forum conference-2015
• NYU International Hospitality Industry Investment Conference

Lists of Societies related to hotel management:

• Asian American Hotel Owners Association (AAHOA)
• Council on Hotel, Restaurant, and Institutional Education (CHRIE)
• Food Service Consultants Society International (FCSI)
• Guam Hotel & Restaurant Association
• International Hotel & Restaurant Association (IH&RA)
• United Nations World Tourism Organization (UNWTO)
• Resort Hotel Association (RHA)
• Latino Hotel Association
• International Executive Housekeepers Association (IEHA)

Hotel management related Companies:

• Best Western Hotel and Conference centre
• Cedar Shore resort
• Club house hotel and suites
• Marina Inn Hotel and Conferences
• Interstate Hotels and Resorts Worldwide

This page will be updated regularly.

This page was last updated on April 25, 2024