Importance of revenue management to encounter the competition in the Indian hospitality
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Importance of revenue management to encounter the competition in the Indian hospitality.
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NEED. Addressing Industry Challenges Improving Profitability Adapting to Market Dynamics Enhancing Customer Value Supporting Strategic Decision Making Promoting Industry Growth.
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SIGNIFICANCE. Strategic Decision-Making Maximizing Revenue and Profitability Adapting to Market Dynamics Enhancing Customer Value Supporting Industry Growth Educational and Training Opportunities.
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LIMITATIONS. Data Availability and Quality Industry Heterogeneity Dynamic Market Environment Competitive Sensitivity Methodological Constraints Cultural and Regional Variations.
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ANALYSIS. 5. Importance of revenue management to encounter the competition in the Indian hospitality.
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ANALYSIS. 6. Importance of revenue management to encounter the competition in the Indian hospitality.
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ANALYSIS. 7. Importance of revenue management to encounter the competition in the Indian hospitality.
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ANALYSIS. 8. Importance of revenue management to encounter the competition in the Indian hospitality.
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ANALYSIS. 9. Importance of revenue management to encounter the competition in the Indian hospitality.
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ANALYSIS. 10. Importance of revenue management to encounter the competition in the Indian hospitality.
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ANALYSIS. 11. Importance of revenue management to encounter the competition in the Indian hospitality.
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CONCLUSIONS. Revenue management plays a crucial role in helping hotels effectively compete in the Indian hospitality industry. By optimizing pricing, inventory, and distribution strategies, hotels can maximize revenue and profitability, thereby enhancing their competitiveness in the market. While the research provides valuable insights into the importance of revenue management, there are opportunities for further investigation and refinement of revenue management practices. Future research could explore emerging trends, technological advancements, and evolving consumer behaviors to identify new strategies for maintaining competitiveness in the Indian hospitality industry..
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RECOMMENDATIONS. Invest in Technology and Analytics Implement Dynamic Pricing Strategies Optimize Distribution Channels Segmentation and Personalization Focus on Value-Added Services Evaluate Performance Metrics.
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Thank you. ADITYA MAHAR [email protected] +91 70091 95243.