Hotels Sometimes Use a Revenue Optimization System to Improve Demand

question 75

True/False

Hotels sometimes use a revenue optimization system to improve demand forecasting and update prices of its rooms from minute to minute.

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Definitions:

Federal Trade Commission

A federal agency of the United States government, whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection.

Food And Drug Administration

A federal agency of the United States Department of Health and Human Services responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter medications, vaccines, biopharmaceuticals, medical devices, and veterinary products.

Harmful Additives

Substances added to products (e.g., food, cosmetics) that can cause adverse health effects.

Consumer Product Safety Commission

A U.S. federal agency responsible for protecting the public from unreasonable risks of injury or death from consumer products.