This popular advanced-level textbook was developed to examine and explain what revenue managers (RMs) in the hospitality industry must know and do to be successful.
Revenue management is a continually evolving field of study. Because that is true, there are some honest differences of opinion about what revenue management actually is and what it will become in the future. This book addresses all of those differences.
Despite some honest diversity of opinion among professional revenue managers, all of them would agree that one very good way to describe the goal of effective revenue management to say that it is to charge “the right price, to the right customer, for the right product, through the right channel, at the right time.”
Doing that well is not as easy as it looks, and as experienced RMs will attest, it doesn't look all that easy. This book was developed to teach its readers what professional revenue management entails and how it is best implemented to optimize a hotel's long-term profitability.