Sample interview questions: Describe your experience with revenue management and maximizing occupancy rates.
Sample answer:
Experience with Revenue Management and Maximizing Occupancy Rates
- Implemented a revenue management system that enabled data-driven pricing strategies, leading to a 15% increase in revenue per available room (RevPAR).
- Analyzed market trends, demand patterns, and competitive pricing to optimize room rates and availability, resulting in a 12% improvement in occupancy rate.
- Utilized dynamic pricing algorithms to adjust rates in real-time based on demand and market conditions, capturing higher revenue during peak periods.
- Developed flexible cancellation and early-booking policies to encourage reservations and reduce no-shows, incr… Read full answer
Source: https://hireabo.com/job/11_0_11/Reservations%20Manager