4. Why is forecasting used in resorts? What use does it have?

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asked May 3, 2018 212k views

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Cepheus · Answer 1 · 2018-05-10T02:05:26+0000

In the past hotel revenue managers have used the rack rate as their foundation for determining daily room rates. They used to forecast rates based on supply and demand by using some revenue management techinques

4. Why is forecasting used in resorts? What use does it have?

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