Write 10 pages thesis on the topic revenue management in the hospitality industry. Soon the strategic planners realized that the hospitality sector is the industry that is either need-based or entertainment based. It is the sort of need where most of the time people are willing to pay as much amount as demanded. Then the industry adopted the revenue management system. Almost all the service industries are delivering value to the customers. Their aim is to maximize the value being delivered. They have the right to charge as much as the value they are delivering.
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