Question: How does an RMS know the remaining demand for future dates? Select one: a. It finds patterns in historical data and measures current booking pace

How does an RMS know the remaining demand for future dates?

Select one:
a. It finds patterns in historical data and measures current booking pace trends and projects those patterns and trends into the future
b. The revenue manager enters the forecast for each month
c. It adds a percentage on to the current on books, that the revenue manager defines
d. Total occupancy for a date last year minus rooms on the books for the date this year = remaining demand

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

How does an RMS know the remaining demand for future dates? Select one: a. It finds patterns in historical data and measures current booking pace trends and projects those patterns and trends into...

Q:

How does an RMS know the remaining demand for future dates? Select one: a. It finds patterns in historical data and measures current booking pace trends and projects those patterns and trends into...

Q:

2.Excel Ratio File spreadsheet: Using the SEC Financial Statements Ratios and Calculations, prepare a ratio analysis of your SEC corporation's current and prior year's financial statements. In...

Q:

Please answer all question to grt a thumbs up ! As a revenue manager what can you do when you know your demand peaks and valleys? Select all of the correct answers Select one or more Charge an...

Q:

course: revenue management 1 Which of the following best describes revenue management as it is applied by a sophisticated system like IDeas G3 RMS? The revenue manager predicts demand and enters...

Q:

A Which of the following best describes revenue management as it is applied by a sophisticated system like IDeas G3 RMS? The revenue manager predicts demand and enters pricing and rate availability...

Q:

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Q:

2 DN A How does an RMS know remaining demand for future dates? It finds patterns in historical data and measures current booking pace trends and projects those patterns and trends into the future B...

Q:

How does an RMS know remaining demand for future dates? A It finds patterns in historical data and measures current booking pace trends and projects those patterns and trends into the future B The...

Q:

2 A How does an RMS know remaining demand for future dates? It finds patterns in historical data and measures current booking pace trends and projects those patterns and trends into the future B The...

Q:

Assuming that each double-replacement reaction occurs, predict the products and write each balanced chemical equation. a. Zn(NO3)2 + NaOH ( ? b. HCl + Na2S ( ?

Q:

Prepare a flow chart for acquisition and payment cycle?

Q:

In senior living, a "lease up " phase means: The building is owned by Brookdale but staffed by other operators The community has been acquired by Brookdale and will transition to our management at of...

Q:

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...