CASE STUDY 60 2 Suggest revenue management strategies to use under the following circumstances at The Times Hotel: Situation 1: The Train Collectors will be in town I November 12, 13, and 14 only I November 13, 14, and 15 only 1 November 13 and 14 only 1 November 14 and 15 only 1 November 15 only from November 10 through November 15 and will draw 50,000 people. Every room in town is expected to be taken for that period. What policy should the hotel develop for guests who want to reserve a room for the following periods? Situation 2: The last two weeks of December are usually a slow period for room sales, but a local Snow and Ice Festival will attract visitors who may I November 10 only I November 10 and 11 only I November 10, 11, and 12 only request reservations for single overnight accommo- dations. What policy should the hotel develop for accepting room reservation?

CASE STUDY 60 2 Suggest revenue management strategies to use under the following circumstances at The Times Hotel: Situation 1: The Train Collectors will be in town I November 12, 13, and 14 only I November 13, 14, and 15 only 1 November 13 and 14 only 1 November 14 and 15 only 1 November 15 only from November 10 through November 15 and will draw 50,000 people. Every room in town is expected to be taken for that period. What policy should the hotel develop for guests who want to reserve a room for the following periods? Situation 2: The last two weeks of December are usually a slow period for room sales, but a local Snow and Ice Festival will attract visitors who may I November 10 only I November 10 and 11 only I November 10, 11, and 12 only request reservations for single overnight accommo- dations. What policy should the hotel develop for accepting room reservation?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A4
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