A Large Number of Hotels Today Operate Without Some Form

question 16

True/False

A large number of hotels today operate without some form of a revenue management system.

---

Definitions:

Organizations

Entities or groups of people with a collective goal, structured and managed to meet a need or pursue shared goals.

All-Expenses-Paid Trip

A fully compensated journey where all costs associated with travel, accommodation, and sometimes meals and activities are covered by the sponsoring entity.

Extrinsic Reward

Rewards given to motivate employees that are tangible and external, such as salary increases or bonuses.

Annual Sales Volume

The total revenue generated from sales of goods or services by a company during a fiscal year, often used as a measure of company size and growth.