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Hi, I am looking for someone to write an article on hotel revenue management Paper must be at least 1000 words. Please, no plagiarized work!
Hi, I am looking for someone to write an article on hotel revenue management Paper must be at least 1000 words. Please, no plagiarized work! To this effect, a quick PEST analysis has been done below. PEST Analysis According to Competitive Intelligence (2011), “Political factors include parts such as employment laws, environmental regulations, tax policy, trade restrictions and tariffs and political constancy.” This means that political factors have to do with factors that are influenced by government. In this case study, tax charged on rooms, trade restrictions and travel policies would be factored in the political analysis whereby a relatively low tax system and free flow of people would enhance the patronage of hotels. Economic factors for the revenue management are exceptionally important for international trade and patronage. This is because according to Marketing Teacher Limited (2000), economic factors cover issues such as “Interest rates, the level of inflation Employment level per capita and long-term prospects for the economy Gross Domestic Product (GDP) per capita”, which are all very important in determining internal revenue management models.