logo

Room Divisions and Yield Management - Report

10 Pages2520 Words123 Views
   

Added on  2020-07-23

Room Divisions and Yield Management - Report

   Added on 2020-07-23

ShareRelated Documents
ROOM DIVISION
Room Divisions and Yield Management - Report_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK A..........................................................................................................................................1Covered in PPT.......................................................................................................................1TASK B...........................................................................................................................................14.1 Explanation of revenue/Yield management.....................................................................14.2 Analysis of different sales methods to increase profits....................................................24.3 Evaluation of usage of prediction and statistical information in room division...............34.4 Calculation of performance standards used to check the success of accommodation sales.4CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
Room Divisions and Yield Management - Report_2
INTRODUCTIONHotel is growing industries, main character of hotel industry, as they provides differentkind options at one place, like food, lodging facilities, partying facilities and many more. Roomdivision is a important part in all hotel industry as because this involves all the managementrelated products and services which are mainly related to rooms which are made available to thepeople who come to stay over their. This report containing details upon hotel industry and basedon Milestone Hotel, London, which established in 1689 (Gallagher and Porzecanski, 2010.). Thishotel is one of the fine example of innovation and entrepreneurship which has started theirbusiness with many facilities like gym, pool, sauna and cab to visit city. This hotel was famousfor their services, management for their guests food and drinks. This report is having focus onthe room divisions and yield management which is essential for each and every hospitalityorganisation. TASK ACovered in PPTTASK B4.1 Explanation of revenue/Yield management.It is fundamental for lodging business associations to pitch their space to their clients andcharging a correct cost. This is one of the perplexing and aggressive errand to set a value whichcan give benefit and income. Along these lines, the refer to business association is required toutilize different devices and methodologies with a specific end goal to deal with their income andbenefit in a viable way.Yield administration is another idea, which has increased most extreme significance and in thecordiality business. Yield administration alludes to the whole umbrella of techniques that canhelp in getting most extreme incomes from the accommodation benefits under the givenrequirements (Johnson and et. al, 2013). Anticipating the interest for the items andadministrations and after that choosing the correct circulation channels for the lodgings areimperative parts of income or yield administration of a given Hotel. A standout amongst the most critical things or exercises that the inns need to consider orutilize while dealing with their incomes is the use of differential rates and levy structures so as to1
Room Divisions and Yield Management - Report_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Rooms Division Operations Management Assignment Solved
|12
|3890
|141

Room Divisions Operations Management
|12
|3952
|40

Room Division Operations Management of International Hotel Group (IHG) : Report
|13
|4108
|120

Rooms Division Operations Management PDF
|16
|6021
|2397

Room Division Operations Management Report
|22
|7354
|38

Project Report on Statistical Data of Room Division
|6
|1340
|32