Define and Discuss How Revenue Management Improves the Profits of the Hotel

question 7

Essay

Define and discuss how revenue management improves the profits of the hotel.

---

Definitions:

Mental Retardation

An outdated and now considered offensive term for intellectual disability, which is characterized by significant limitations in intellectual functioning and adaptive behavior.

Psychiatric Diagnosis

The identification of mental disorders based on symptom patterns, often used to guide treatment and management.

Diagnostic and Statistical Manual

The standard classification of mental disorders used by mental health professionals in the U.S., providing clear descriptions of diagnostic categories.

Psychological Disorders

Mental health conditions characterized by disturbances in thought, emotion, or behavior that cause significant distress or impairment.