Project Proposal Memo for Hotel Revenue Management
Purpose Competitiveness depends on how best a hotel establishes structures for revenue management and cost management to increase the profitability together with prospects for exponential growth. The hotel industry is challenged by how our organization should plan for expected revenues through predictions and forecasting which inform the management on how to provide the necessary resources that manage peak and off-peak seasons. The challenges on how the hotel should institute measures that come in handy for purposes of human resource mobilization and facilities that would support the expected number of guests. Revenue management is an instrumental undertaking in the hotel industry as it develops critical information that enables decision making towards enhancing operational efficiency. It is imperative that our hotel avoids a negative image contributed by lack of better attention to guests due to increased numbers of visitors that cannot be accommodated with the existing resources.
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