Sample interview questions: Can you provide an example of a time when you identified an untapped revenue source for a hotel? How did you capitalize on it?
Sample answer:
In my previous role at [Hotel X], I identified an untapped revenue source by recognizing the hotel’s proximity to a popular tourist attraction that did not have sufficient lodging options. I partnered with the attraction’s management to create exclusive packages combining hotel accommodations with attraction tickets and merchandise. This collaboration not only increased hotel occupancy but also generated additional revenue through the sale of attraction tickets.
To capitalize on this opportunity, I implemented the following strategies:
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Market research: I conducted thorough research to understand the target market, their travel patterns, and their dining and entertainment preferences.
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Strategic partnerships: I forged partnerships with local businesses, attractions, and tour operators to leverage their customer base and cross-promot… Read full answer