The writer is very fast, professional and responded to the review request fast also. Thank you.
Question.
Pricing is said to be one of two strategic levers used to optimize revenue and is arguably the most critical component of revenue management
In this assessment, you will prepare a report as if you were the revenue manager for the Novotel Sydney on Darling harbor.
You are asked to present a report to your hotels general manager that recommends a revenue management strategy for the financial year 2016 July/ 2017 June. Aspects that require critical consideration are:
1.As analysis of market segmentation
(Business or transient, leisure, government, contracts, tours and travel groups etc). Write about environmental scanning, trend analysis and generational targeting, total customer worth and total customer value)
2.An analysis of the competitor set
(Identifying the competition, competitive intelligence, competitive advantage, SWOT analysis, developing strategies according to competitive SWOT analysis)
3.Demand forecasting
(Supply and demand, price elasticity, managing demand, impact of price elasticity on consumer spending and revenue, demand forecasting)
4.Channel analysis
(Reservation evolution, Global distribution system (GDS), property management systems, distribution costs, channel selection)
Read less
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more