Lesson details
Pricing comes down to two main components in the end. The first is Demand Prediction – how many people want to come to your property. The second is Optimisation – how to use this prediction to make the most revenue from your remaining rooms. Ari explains how it works.
What you’ll learn in the Demand prediction and optimization lesson
- How a revenue management system decides on the price recommendations
- Demand prediction and ways to predict how many people will want to come
- Optimization and how that works to maximize revenue
