A demand-forecasting technique used to maximize room revenue is known as A. Return on Investment B. Revenue management C. Upselling D. Property management system

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Social Studies

Marcel Alvarado

16 October, 19:15

A demand-forecasting technique used to maximize room revenue is known as A. Return on Investment B. Revenue management C. Upselling D. Property management system

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Moran · Answer 1

Answer:B) Revenue management.

Revenue management identifies and predicts consumers demand to maximize inventory and price availability in order to maximize revenue.

It studies information about the market in order to use this information to make decisions that can boost revenue. Revenue management as a concept do not on rely on boosting revenue when demand is high, it also stimulates demand In low period.