
Beyond Benchmarking – A simple statistical approach to unlocking value in food and beverage pricing
- February 22, 2021
- Operational Effectiveness
- 719 views
When hotel managers determine the prices associated with room revenue, they apply a rigorous approach that draws on industry and market data. This allows hotel managers to optimize room pricing for their market, balancing supply, demand, services, and brand. Considering the rigor applied to room revenue pricing decisions, it is remarkable that the approach to..