Documents Front office-management-and budgeting ppt

Front Office Budgeting The most important long-term planning function FOM is responsible for: 1. Forecasting Rooms Revenue Use historical trend data 2. Estimating Expenses…

Documents Yield Management

Yield Management A technique used to Maximize Room Revenue Used for reservations of a Perishable Commodity: Hotel Rooms Airplane Seats Rental Cars Cruise Ship Cabins Hotels…