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 166 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?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world. Cyanobacteria of the (a) genus Synechococcus form (b) mats that line hot springs around the world.
Dial-A-Flo in-line device to regulate IV flow. Dial-A-Flo in-line device to regulate IV flow.
Why are some of the letters above the red line and some letters below? Why are some of the letters above the red line and some letters below?
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Decubitus Ulcer

For a complete list of videos, visit our video library