Author Question: Discuss the characteristics of hospitality and tourism products that invite revenue management. ... (Read 37 times)

jerry coleman · **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?

meryzewe · **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.