Are assumptions holding back your revenue management?

It is easy to fall into assumptions. It is human nature, after all, but when do assumptions on revenue management start to work against you. In a recent article, “5 Hotel pricing Mistakes to avoid” Kris Glabinski, President HowsMyRate, took a look at five common pitfalls for Hotel Revenue Managers and Owners. One area covered was the negative effect assumptions have on revenue. Kris said, “I have come across many cases where Revenue Managers would give their arguments based on assumptions, stereotypes, or simply gossip. In effect, their actions on…