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What is the average daily rate for the property

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Reference no: EM132240477

Project Description:

• Interview a Hotel General Manager or Head of Revenue Management and find their revenue strategy for their property.

• Explain in a 8-9 page paper how the interviewee has come to make the decisions regarding the strategy (STAR reports, cold calling, internet searches) {5-6 pages will be of the Main Body, not the total length of the paper}.

• Who is their direct competition?

• How do they make decisions regarding pricing, overbooking, and closeouts?

Your paper should go into detail about:

• The value that the customer receives based on the price that they pay, and perceived benefit of staying in this property.

• What is the Average Daily Rate (ADR) for the property, average occupancy %, the distribution channels that the property uses, and their market segmentation mix (Transient, group, and special contract and negotiated rates)?

• What is the average Rack-Rate for this property and the usual discount that is given in season, versus out-of-season?

• You should also go into detail about the company, this information should be found on their website or in articles. I want to feel like I am learning something not only about their pricing but also about the company, the industry, and their competition.

Reference no: EM132240477

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