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…
Slide 1 Yield Management A technique used to Maximize Room Revenue Used for reservations of a Perishable Commodity: –Hotel Rooms –Airplane Seats –Rental Cars…
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…