The hospitality industry cannot quickly add a room to a lodge. Instead, lodge managers use yield management, which varies a pa

Question

Ket [755]

4 years ago

6

The hospitality industry cannot quickly add a room to a lodge. Instead, lodge managers use yield management, which varies a pa

rameter directly under the managers control. Which parameter is changed under yield management?

Business

1 answer:

kiruha [24] · Answer 1 · 2022-02-05T14:08:03+03:00

Answer:

The answer is price per room

Explanation:

The parameter that changes under yield management is price per room.

Because when considering sales and operations planning for services and perishable products such as airline seats, hotel rooms, the prices are regularly adjusted to maximize total profit.

The hospitality industry cannot quickly add a room to a lodge.​ Instead, lodge managers use yield​ management, which varies a pa

The hospitality industry cannot quickly add a room to a lodge. Instead, lodge managers use yield management, which varies a pa