Publication
An approach to revenue management strategies in the hospitality industry
| dc.contributor.author | Liberato, Dália | |
| dc.contributor.author | Oliveira, Mónica | |
| dc.contributor.author | Cardoso, Rui | |
| dc.contributor.author | Liberato, Pedro | |
| dc.date.accessioned | 2023-06-26T14:01:35Z | |
| dc.date.available | 2023-06-26T14:01:35Z | |
| dc.date.issued | 2023 | |
| dc.description.abstract | YM is characterized as integrating the techniques, formulas, and strategies used to manage inventory, pricing, and sales policies. When linked to the hotel and tourism sector, YM manages availability, accommodation control, and discounts applied to overnight stays. RM is the evolution of YM, where using the full potentiality of the elements allows for maximizing revenue in periods of high demand and maximizing demand in periods of low revenue. RM is based on demand forecasting, price and inventory management, distribution channels, and revenue management performance. The world of hotel distribution is very complex and there is no way to control it. The Revenue Manager must be vigilant for the large price disparities in the various distribution channels. The distribution channels allow the hotel to reach a wider market share and an increase its competitive range. The Crowne Plaza Porto has a wide network of distribution channels represented by direct bookings and contracted distributors: Direct reservations come from four sources: Central Reservations Office (CRO), direct contact with the reservations department, the IHG brand website, and the mobile app. This research presents a qualitative methodology, applied to the Hotel Crowne Plaza Porto, whose purpose is to identify the segmentation introduced by two main segments: Individuals and Groups. The results of this research suggest that each of these segments is divided into several subgroups according to the specificity of their characteristics, and adequately identified, allowing the hotel's Revenue Manager to apply different strategies to the different customer groups, equally justified. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | 10.1007/978-981-19-9960-4_54 | pt_PT |
| dc.identifier.isbn | 978-981-19-9959-8 | |
| dc.identifier.isbn | 978-981-19-9960-4 | |
| dc.identifier.uri | http://hdl.handle.net/10400.22/23172 | |
| dc.language.iso | eng | pt_PT |
| dc.publisher | Springer | pt_PT |
| dc.relation.publisherversion | https://link.springer.com/chapter/10.1007/978-981-19-9960-4_54 | pt_PT |
| dc.subject | Revenue management | pt_PT |
| dc.subject | Distribution channels | pt_PT |
| dc.subject | Tourism segments | pt_PT |
| dc.subject | Crowne Plaza Porto | pt_PT |
| dc.title | An approach to revenue management strategies in the hospitality industry | pt_PT |
| dc.type | conference object | |
| dspace.entity.type | Publication | |
| oaire.citation.conferencePlace | Santiago do Chile, Chile | pt_PT |
| oaire.citation.endPage | 650 | pt_PT |
| oaire.citation.startPage | 639 | pt_PT |
| oaire.citation.title | Advances in Tourism, Technology and Systems Selected Papers from ICOTTS 2022, Volume 2 | pt_PT |
| oaire.citation.volume | 340 | pt_PT |
| person.familyName | Liberato | |
| person.familyName | Pereira de Oliveira | |
| person.familyName | Liberato | |
| person.givenName | Dália | |
| person.givenName | Mónica | |
| person.givenName | Pedro | |
| person.identifier.ciencia-id | F610-22F9-C504 | |
| person.identifier.ciencia-id | 2311-F805-6042 | |
| person.identifier.ciencia-id | 0E18-9B6A-FE45 | |
| person.identifier.orcid | 0000-0003-0513-6444 | |
| person.identifier.orcid | 0000-0002-3535-3039 | |
| person.identifier.orcid | 0000-0003-2908-1599 | |
| person.identifier.scopus-author-id | 57200377509 | |
| person.identifier.scopus-author-id | 57200381200 | |
| rcaap.rights | closedAccess | pt_PT |
| rcaap.type | conferenceObject | pt_PT |
| relation.isAuthorOfPublication | 8af17803-7f2e-4819-bfd8-8ce657eff119 | |
| relation.isAuthorOfPublication | bcdf7e1e-44ef-4d67-9fcb-67e04d3c02b5 | |
| relation.isAuthorOfPublication | 5cb18f24-fc60-43a7-9b13-a54edc06d66e | |
| relation.isAuthorOfPublication.latestForDiscovery | 8af17803-7f2e-4819-bfd8-8ce657eff119 |