please explain "Pros and Cons of price discounts for hospitality
industry"
80.2K
Verified Solution
Link Copied!
Question
General Management
please explain "Pros and Cons of price discounts for hospitalityindustry"
Answer & Explanation
Solved by verified expert
3.8 Ratings (758 Votes)
Pros and Cons of Discount Pricing in Hospitality Industry The hospitality industry includes a variety of businesses operating within the service industry like hotels restaurants food and drink services lodging services theme parks event planning services cruise airline and other segments of the tourism industry The hotel and hospitality industry can be dynamic to some extent and the managers should be able to overcome the fluctuations in terms of demand and supply through appropriate pricing strategies Problems like low occupancy levels in hotels and others can be solved through discount pricing to some extent However discount pricing has both prosadvantages and cons disadvantages for
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
