torrens university酒店管理学assignment：Research on the

Executive summary执行摘要 收入管理作为一种重要的管理手段，在国际饭店业得到了广泛的关注，收入管理不仅要提高效率，而且要直接创造饭店收入。而收益管理是酒店业最为有用的管理工具之一，本文主要从收益管理的定义、使用酒店收益管理系统的科学途径以及酒店业实施收益管理战略等方面进行探讨。以悉尼香格里拉大酒店为例，分析了在不增加成本的情况下，酒店收入管理系统如何快速反应，合理的价格分割，使利润最大化。Ting和Pricingstrategy可以帮助酒店优化现有资源的分配，从而实现收入最大化。收益管理是一种科学的管理策略，其目的是将不同价格的产品及时地销售给不同的客户，使酒店收益最大化。 As an important management method, revenue management has received extensive attention in international hotel industry.Revenue management should not only improve efficiency, but also create hotel revenue directly. And revenue management is one of the most useful management tools that can bring direct benefits to the hotel industry.This researchpaper mainly discussfromthe following aspects as the definition of revenue management, the scientific waysto use hotel revenue management systemandthe hotel industry implements revenue management strategies, especially sales and marketing techniques.Then take the shangri-la hotel in Sydney for example,it aims to analyzewithout any increase costhow hotel revenue management system can make rapid response and appropriate price segmentation to make highest profit.Through the practical application of therevenue management system and scientific market demand forecasting and pricingstrategy, it can help hotels optimize the allocation of existing resources to maximize revenue. Revenue management is a scientific management strategy, which aims to sell products at different prices to different customers in a timely manner so as to maximize the hotel revenue.   1. Background背景 因为收入管理系统对公司的决策和改进有着巨大的影响。许多世界领先的酒店集团，特别是欧洲、美国和澳大利亚的酒店集团，都非常重视收入的管理，他们建立了专门的收入管理部门，配置了一个能够进行大量数据分析和实时优化的计算机系统。酒店管理公司是世界上最早将收入管理引入酒店业的公司之一，也是收入管理最成功的使用者和受益者，早在香格里拉就实行了收入管理，积累了多年的经验和财富，引领了酒店业，成为香格里拉酒店集团是世界上规模最大、最成功的酒店集团，值得注意的是，香格里拉酒店管理不仅关注收入管理，而且投入巨资开发了自己的集团酒店收入管理系统。与香格里拉一样，还有其他一些成功的酒店也把收入管理放在了重要位置，如洲际酒店、雅高酒店、凯悦酒店、凯宾斯基酒店、四季酒店、朗汉姆酒店、安娜塔拉酒店等。 Because the revenue management system has huge impacts on the company’s decision-making and improveprofits. Many of the world's leading hotel groups, especially the hotel groups in Europe, the United States and Australia, have attached great importance to the management of revenue.They have established a special revenue management department and configured a computer system that can perform a lot of data analysis and real-time optimization.The shangri-la hotel management company is one of the first companies in the world to introduce revenue management into the hotel industry，It is also the most successful user and beneficiary of revenue management.Early on, shangri-la implemented revenue management and accumulated years of experience and wealth，leading the hotel industry and becoming one of the largest and most successful hotel groups in the world.It is worth noting that shangri-la hotel management is not only concerned with revenue management, and it has invested huge funds in developing its own revenue management system for their group hotels. Like shangri-la, there are also other successful hotelswhich have also put the revenue management in the important position, such as intercontinental, accor, hyatt, kempinski, four seasons, the langham, Anna tara, etc.,   2. Definition of revenue management Revenue Management is also called as yield management is an income management for non-storage assets, which is a dynamic pricing strategy for higher income.This theory combines the theoretical knowledge of microeconomics, enterprise management and statistical operation, and can accurately predict the future demand and supply trend of products, and continuously increase the economic benefits of enterprises.Kimes(1989) combined marketing theory mentioned 4R theory，that is in the right time and place, to provide correct products or services to the correct customers at the right price, to achieve the maximization goal of enterprise income under resource constraint.The 4R theory reflects the market, operation mechanism and enterprise goal of revenue management, which is a comprehensive and accurate interpretation of revenue management.Hotel revenue management refers to the most rapid response and the most appropriate price breakdown without increasing the cost of the enterprise, which make the hotel sell as many rooms as possible at the highest possible price per day and maximize hotel revenue.In 1983, Scotton D.S chadefirst applied revenue management system to the hospitality industry, and then the shangri-la hotel in 1989 introduced a "double breakfast plan"that the weekend house prices fell to half, designed to appeal to local residents in the hotel for the weekend, and successfully improved the hotel occupancy and revenue. 3. The combination of theory and practiceof hotel revenue management system 3.1 The combination of theory and practice （1） In the rapidly changing market, the system and scientific method are used to accurately predict the demand model of the market, analyze the customer's consumption behavior and make the market segmentation reasonably. （2） Adjust pricing strategy according to market segmentation. （3） Allocate limited product resources to each segment of the market in an optimal manner，that is to set different prices and sell goods for each type of customer in the most effective way and constantly adjust according to market changes. （4） To provide decision support for marketing and operation, including: pricing strategy, scheduling, product development, advertising, sales and marketing, personnel and reasonable arrangement. 3.2 The theory applied in the hotel industry As far as the hotel industry is concerned, the shangri-la hotel in Sydney is one of the five-star hotels in Australia.Its chairman and chief executive, bill marriott, once said: "revenue management has not only increased the benefits of millions of dollars for us, but also education us how to manage more effectively."And according to the report, since the revenue management system was established, bookings at the shangri-la hotel in Sydney have risen by 20% andRevenue management can increase hotel turnover by 5% to 15%.The shangri-la hotel in Sydney has created an unprecedented revenue record, and there has been a significant increase in communication between sales and bookings.In recent years, the world's other luxury hotels such as holiday hotel, the Hilton Hotel, the hyatt hotel group also have modeled on the pattern of the shangri-la hotel, to develop their own revenue management system.   4. Characteristics of hotel revenue management and theapplication of revenue management in luxury hotel 4.1 Analysis the operation characteristics of luxury hotel group (1) The hotel industry is a typical service sector that can't use inventory as a buffer against demand fluctuations. (2) The market can be subdivided. Market segmentation is the basis of business differentiation pricing and the way to carry out revenue management,besides luxury hotel group enterprises are also facing the market segmentation. (3) Hotel products or services have a strong timeliness. If the hotel room is not checked in one day, the room will have zero profit on the day. (4) Hotel rooms can be booked in advance through reservation system. (5) Hotel guests' demand for rooms fluctuate and randomness over time. (6) Hotel fixed asset investment is huge, daily maintenance cost is higher. The variable costs of relatively high fixed costs may be just a night of utilities, disposable supplies, and the cleaning costs of the cloth, these cost are low. The characteristics of the luxury hotel group make its management and operation face new problems which are not the same with many other industries.For example, how to balance supply and demand conflicts is a problem.A large number of rooms cannot be sold when room demand is low. When the demand for rooms is high, and because the production capacity is not fixed enough to meet all the requirements, the potential gains are lost.At the same time, the characteristics of high fixed cost and low variable cost provide the basis for operators to adopt differentiated pricing. Therefore, luxury hotel group is one of the best places to apply the theory of revenue management and practice.