if a 3 unit apartment complex has 2 units with 6 rooms and 3 bedroom and 1 unit with 4 rooms and 2 bedrooms, how much is the price of a bedroom? Please help thanks
Revenue Management has not really moved into F&B except in very special circumstances at large hotel companies and in academics. For the most part. F&B pros are not required to know anything about RM, which means that if you have an understanding of the relationship between demand and pricing you will have a clear advantage over your colleagues. I recommend you try to understand RM from a general perspective so that you can be aware how RM policies affect the F&B results in a property. Think like this, best guests = higher f&b, but you can't fill up an entire hotel with just best guests, so RM plays with pricing which might not bring in the best guests for the best f&b results.
@@pascaldemarchi9023 but aren´t group rates most of the times lower than individual rates? I mean, they are heavily negociated. At least here in portugal.
@@jeroenvandenbos7783 You are right, what I saying is when you have a good room group base you can increase the rate to the rooms available for transient (depending market/demand... obviously). Regarding rate, you may sometime see that group conference/business rooms rate is not so low as you can expect. Now the same group on a weekend may have a very different rate.