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 169 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?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
A Double-Line Spectroscopic Binary A Double-Line Spectroscopic Binary
A downward-sloping spark line usually indicates high secondary ignition system resistance or an ... A downward-sloping spark line usually indicates high secondary ignition system resistance or an ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Offset Method Plot of Land with Length Line Offset Method Plot of Land with Length Line
Number line (real numbers) Number line (real numbers)
Video: The life cycle of protein

For a complete list of videos, visit our video library