Yield management in hotels ensures you make the most of your occupancy. Let’s discover the pros & cons of yield management in the hotel industry and its concept.
Yield management in hotels is one of the most vital pricing strategies for hotel operations. It involves strategic control of inventory, especially hotel room dynamic prices. The yield management in the hotel industry allows hotels and hospitality companies to optimize revenue. The revenue manager wants to gain profits through predicting, influencing, and anticipating customer behaviors.
It is all about timing when people sell the right product to the right customer at the right time.
