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In this assessment, you will work in order to deliver a presentation as if you were the Revenue Strategic Team for a 5* hotel in Sydney (TBC) ( I have choosed the pier one hotel Sydney ). you will...

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In this assessment, you will work in order to deliver a presentation as if you were the Revenue Strategic Team for a 5* hotel in Sydney (TBC) ( I have choosed the pier one hotel Sydney ). you will develop Revenue Management strategies for the hotel to compete with its competitors.

Aspects that require critical consideration are:

 Identification of four to five (4/5) hotels as competitors.

Please write me 500 words ( excluding references ) giving me 4 to 5 hotel competitors of the Pier One Hotel Sydney by also explaining me why there are competitors by comparing their different product and prices

Answered Same DayMar 06, 2020

Solution

Meenakshi answered on Mar 06 2020
80 Votes
Revenue management strategies
Introduction
This presentation will focus on different revenue management strategies, Pier One Hotel, Sydney, their competitors and how they will implement revenue management strategies to stay ahead of their competition in the market.
Pier One Hotel and their competitors
The main competitors of Pier One Hotel Sydney which is a luxury five-star hotel are Park Hyatt Sydney, Primus Hotel Sydney Radisson Blu Plaza Hotel Sydney and Shangri-La Hotel, Sydney. Pier One Hotel provides accommodation for 155 Australian dollars a night while Park Hyatt delivers lodging for 700 Australian dollars a night. Both of them allows for all modern amenities like room service, laundry service, free internet, valet parking, public Wi-Fi, bar, hot tub, etc., Pier One does not offer pool, tennis court, shuttle bus as amenities while Park Hyatt provides that (A
ate, & Viglia, 2016). Primus Hotel Sydney includes accommodation for a reasonable price. They have 172 rooms with lavishly decorated interiors and a Presidential Suite. Radisson Blue Plaza also provides housing for 212.50 Australian dollars and offers all the facilities of a luxury hotel. A room at Shangri-La can be booked at 188 Australian dollars for a night. Pier One, Shangri-La and Park Hyatt are not considered as a...
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