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Revenue Management as a Basis for the Successful Development of the Tourism Industry


Konstantin Kostin
(about the author)

Kostin Konstantin Borisovich – Cand. of Tech. Sci., Associate Professor, Department of Business Administration, St. Petersburg State University of Service and Economics

Published in:
Russian Journal of Entrepreneurship
– № 11 / June, 2012



Keywords: algorithm, business mix, optimization, revenue management, tourism industry


Citation:
Konstantin Kostin (2012). Revenue Management as a Basis for the Successful Development of the Tourism Industry. Russian Journal of Entrepreneurship, 13(11), 151-156. — url: http://bgscience.ru/com/lib/3672


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Abstract:

The use of revenue management becomes a necessary condition to enhance competitiveness and successful development of enterprises in the tourism industry. When used correctly, the technology, which includes data collection, analysis, optimization and control, allows achieving the best balance between the demand and supply of tourism services, which ensures an increase in profits and, hence, increases the viability of tourism enterprises.







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