Pricing Strategy
The revenue management implies maximizing the income for the company, these are the ten essential processes for good practice in revenue.
1. Market Demand Analysis
2. Customer Segmentation
3. Competitor Analysis
4. Inventory Management
5. Dynamic Pricing Strategy
6. Channel Distribution Optimization
7. Demand Forecasting
8. Customer Relationship Management (CRM)
9. Revenue per Available Unit (RevPAR) Optimization
10. Periodic Analysis and Reporting