manage hospitality revenue
Oversee a hospitality revenue by understanding, monitoring, predicting and reacting to consumer behaviour, in order to maximise revenue or profits, maintain budgeted gross profit and minimise expenditures.
Also called: maximise revenue from booking, maintain budgeted gross profit, revenue management, manage hospitality revenues, manage revenue from hospitality, yield management
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Definition from ESCO, published by the European Commission. Source concept
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