For a Saturday in the future, a hotels revenue manager has decided the hotel will accept reservations only for those guests seeking to stay for two or more days. What is the revenue management stay restriction strategy this revenue manager is using?

INVENTORY CONTROL

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

For a Saturday in the future, a hotel’s revenue manager has decided the hotel will accept reservations only for those guests seeking to stay for two or more days. What is the revenue management stay restriction strategy this revenue manager is using?

A	CVB
B	CTA
C	MLOS
D	Attrition

Explanation:

Detailed explanation-1: -Reserve close to arrival dates – By allowing the reservations to be taken for a certain date as long as the guest arrives before that date, a property is able to control the volume of check-ins.

Detailed explanation-2: -Revenue management refers to the strategic distribution and pricing tactics you use to sell your property’s perishable inventory to the right guests at the right time, to boost revenue growth. Other products such as your amenities and food and beverage offerings will also come into the picture.

Detailed explanation-3: -Minimum length of stay (MLOS) A restrictor that requires that a reservation is made only for at least a specified number of consecutive nights. It allows the hotel to develop a relatively even occupancy pattern during high demand periods or special events.

Detailed explanation-4: -What is an overstay? They’re staying over their reservation date; adding to their nights stayed. What is a stayover? They’re staying another night, but it’s in their reservation.

There is 1 question to complete.

MANAGEMENT

BUISENESS MANAGEMENT

INVENTORY CONTROL