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Review Questions 1 - Research Paper Example

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Hotel people need to understand the main differences that exist in the definition of meetings because each type of meeting attracts different types of guests who have different needs and demands that the hotel people need to prepare for in advance. Different meetings also take…
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Download file to see previous pages... The distinction is of great essence as it helps the hotel management when designing payment packages. Some meetings may require people to pay more than other.
The rates charged for conventions within the second tier cities is lower compared to first-tier cities. Hence the meeting planners are able to make huge savings by holding conventions in second-tier cities. Most second-tier cities have many tourist attractions hence they attract many people to hold convention.
Revenue management refers to the use of disciplined analytics that are applied in the prediction of consumer behavior aimed at optimization of product availability so that they can maximize the growth of their revenue. This affects the operations of hotels in regard to meetings as it determines the rate at which they should charge every group that intends to meet at their ...Download file to see next pagesRead More
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