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Author Question: Discuss the characteristics of hospitality and tourism products that invite revenue management. ... (Read 147 times)

jerry coleman

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on: Sep 11, 2019

Question 1

Could travel and tourism companies do without external distribution channels?
 
  What will be an ideal response?

Question 2

Discuss the characteristics of hospitality and tourism products that invite revenue management.
 
  What will be an ideal response?


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meryzewe

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Reply #1 on: Sep 11, 2019

Answer 1

If travel and tourism companies wanted to do without any external distribution channels, they would have to do all of the selling themselves. This would involve greatly expanding their in-house (Web site and 800 call center) reservations capability.

Answer 2

As outlined in the chapter, the key characteristics are perishable product, fixed capacity, variable demand, segmented markets, and appropriate cost structure.


jerry coleman

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Reply 2 on: Sep 11, 2019
YES! Correct, THANKS for helping me on my review

Dnite

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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