HRAWI holds seminar on Revenue Management for hotels and restaurants
The seminar was organised to help hoteliers and restaurateurs overcome the challenges of declining revenue and to maximise yields
The Hotel and Restaurant Association of Western India (HRAWI) held a seminar on Revenue Management for hotels and restaurants earlier this month. The seminar was organised to help hoteliers and restaurateurs overcome the challenges of declining revenue and to maximise yields. Hesheta Shah, Expert in Hospitality Management and Revenue, Sainath Vernekar, Sales & Revenue Management Expert and Rajesh Ghanshani, Specialist in cloud-based travel and hospitality technology solutions were the subject matter experts for the seminar. Revenue Management is the practice of maximising an establishment’s revenue while selling the same amount of products or services. It employs a mix of pricing strategies and systems to maximise yield.
“The hospitality industry is regaining meaningful business today after almost two years of pandemic-induced lockdowns and restrictions. Now is the time for hotels and restaurants to try and maximise the potential of their businesses. We organised the seminar specifically to help such hotels and restaurants that need to do exactly this. HRAWI thanks the speakers for sharing their knowledge with us and for addressing the queries of members who participated in the seminar,” said Sherry Bhatia, President, HRAWI.
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