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Rethinking Strategic Revenue Management

Rethinking Strategic Revenue Management

The main function of revenue management is to maximize income through operational decision making, primarily around price and inventory control. It has played a critical role in travel, hospitality, and transportation industry marketing departments since the mid-1990s. In many cases, ...

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LaSalle Hotel Properties Acquires Two San Francisco Hotels

LaSalle Hotel Properties Acquires Two San Francisco Hotels

BETHESDA, Md.—LaSalle Hotel Properties announced that it acquired the Harbor Court Hotel and Hotel Triton, both located in San Francisco, Calif., for $47.8 million. The company funded the transaction with borrowings from its Senior Unsecured Credit Facility. The 131-room, Harbor ...

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Park Hyatt Siem Reap Opens in Cambodia

Park Hyatt Siem Reap Opens in Cambodia

CHICAGO—Hyatt Hotels Corporation announced the official opening of Park Hyatt Siem Reap, the fourteenth Hyatt property in the Southeast Asia region and the first Hyatt hotel in Cambodia. Formerly known as Hotel De La Paix, the property is reopening under ...

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North Dakota Oil Boom Boosts Hotel Business

North Dakota Oil Boom Boosts Hotel Business

When Maria Zafra moved from Florida to Minot, N.D., about two years ago to manage a new La Quinta property, it was hard for people to find hotel rooms. The room supply in Minot was still catching up to the ...

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