What is the definition of Remote Revenue Management in the hotel industry?
The term Remote Revenue Management, refers to the practice of revenue administration done tenuously.
Revenue Management focuses on retailing the right room to the right customer at the right instant at the right value.
Revenue management helps to foresee customer demand to enhance record and price opportuneness in order to maximize revenue development. The tenacity of Revenue Management is not selling a room today at a low price to sell it tomorrow at a greater price. Revenue Management also means retailing a room at low price today if you do not expect higher demand.