5. How is the booking pace used with the historical average in yield management?

Question

Question

Answer 1

Answer #1

Booking pace are an important tool for yield management as:-

1.It helps in pre-emption of revenue through looking into the past trends.

2.It helps in forecasting of a certain revenue surge or decline and can help business prepare accordingly.

3.Booking pace helps in determining aspects such as required staffing levels at certain times.

4.It helps in comparison of two periods and take decisions accordingly.

Answer 2

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