This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What companies dominate the cruise line industry? What percentage of total industry revenue do they ... (Read 130 times)

asan beg

  • Hero Member
  • *****
  • Posts: 570
on: Sep 11, 2019

Question 1

Can demand always be accurately forecasted? If not, why not?
 
  What will be an ideal response?

Question 2

What companies dominate the cruise line industry? What percentage of total industry revenue do they account for?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Sep 11, 2019

Answer 1

Not always. Various techniques of demand forecast are discussed in the chapter. Revenue management systems store a great deal of data that serves as a basic foundation for the demand forecast. However, data is static, and consumer behavior may shift even though the numeric values stored in the system may not change. Therefore, it is important to highlight to students that the accuracy of the demand forecast needs to be constantly monitored and if necessary a re-forecast should be developed.

Answer 2

Carnival and Royal Caribbean account for about 70 of industry revenue.


asan beg

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Sep 11, 2019
Thank you!


meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Sep 11, 2019
Always glad to help...


« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into Examples of Ways That Different Types of Intersections of Two Line Segments Can Be Transformed into
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
The percentage of women who have cohabited by the age of 45 for 17 countries shows that the ... The percentage of women who have cohabited by the age of 45 for 17 countries shows that the ...
Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ... Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ...
Founder of Adidas and Puma companies are brothers Founder of Adidas and Puma companies are brothers
Time Line for Life’s Origin and Evolution Time Line for Life’s Origin and Evolution
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library