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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 optimal price for each day based on demand Set Inventory controls to maximize shoulder nights Strategize about how to increase demand on slower days Da Override your Revenue Management System which color Wrappresents the total reservation that the RMS expects to stay on the show Ideas (G3 RMS 1 Business Analysis Sumi wa De Poe Data Performance Pero 20101010 4 . . 4 18 20 22 2 on Books Remaining Demand Occupancy Forecast Capacity + Highest BAR - Lowel BAR BAR . Effective Capacity Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun Mon Tue Wed Thu Fri Sat Sun. Fri Sat Sun 236789101112131415 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2013 2012 2013 2012 2012 111 22 2023 8 BE How does an RMS know the remaining demand for future dates? Select one olt finds patterns in historical data and measures current booking pace trends and projects those patterns and trends into the future The revenue manager enters the forecast for each month O 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 mage Next pag What do market segments represent in IDeaS G3 RMS? Select one O a Different Customer Age Groups Ob Customers who book in the winter vs. those who book in the summer O c Groups of customers based on where they are traveling from Od Groups of customers with unique purchasing behaviors and qualifications 8 Which of the following best describes revenue management as it is applied by a sophisticated system like IDeas G3 RMS? Select one O. The revenue manager predicts demand and entors pricing and rato availability doctions into the RMS daily On The RMS creates graphical displays of data the revenue manager uses to decide which business to accept Analytics that predict customer demand and optimize price and product availability to maximize revenue from that demand O a Human revenue managers made obsolete by artificial intelligence What are the strategic controls in IDeas G3 RMS to balance supply and demand and maximize revenue? Select all answers that apply Select one or more a BAR Pricing Occupancy Forecast Last Room Value Od Overbooking Based on the Booking Pace data, how would you expect the month of June to compare to the same montant year? Ideas G3 RMS 2018 2019 Select one a June this year will have a higher monthly average occupancy than last year O June this year will have a lower monthly average occupancy than last year O June this year will be about the same as last year O . There is no way to know from booking pace data