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Explain with details: One of the most important tasks facing FOMs and employees is that of monitoring demand for guest rooms and then managing rates to optimize the hotel's RevPAR. Identify an event

Explain with details: One of the most important tasks facing FOMs and employees is that of monitoring demand for guest rooms and then managing rates to optimize the hotel's RevPAR. Identify an event in your area of Florida that greatly affects hotel demand (or use a national event, such as Valentines Day or Mardi Gras). Use the Internet to check the price of five different hotels affected by the event one week before, during, and one week after the event. What can you determine about the room rate strategy of each hotel you examined in Florida?

Apr 14 2021 View more View Less

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