The hospitality industry cannot quickly add a room to a lodge. Instead, lodge managers use yield management, which varies a parameter directly under the managers control. Which parameter is changed under yield management?

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Business

Guest

4 August, 03:03

The hospitality industry cannot quickly add a room to a lodge. Instead, lodge managers use yield management, which varies a parameter directly under the managers control. Which parameter is changed under yield management?

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Answers (1)

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Tatiana Carroll · Answer 1

The answer is price per room

Explanation:

The parameter that changes under yield management is price per room.

Because when considering sales and operations planning for services and perishable products such as airline seats, hotel rooms, the prices are regularly adjusted to maximize total profit.