A displacement analysis should be conducted:

Question

BlackTom AI · Accepted Answer

The prompt asks: 'A displacement analysis should be conducted:' and provides an answer of 'when accepting a group booking will mean turning other business away.' However, the answer options are missing, so we cannot compare multiple choices here.

To reason about the concept, a displacement analysis in hospitality and revenue management is a tool used to evaluate the potential impact of accepting a particular booking (often a group or large party) on the rest of the business. It looks at the opportunity cost: if you hold space or resources for this booking, how much additional revenue or value might you forfeit by turning away more lucrative or higher-margin opportunities that could have filled that same capacity at similar times?

Why the provided statement aligns with displacement analysis:
- It captures the core idea of opportunity cost: accepting a group booking may displace other bookings that could have been sold in the same time frame.
- It emphasizes the potential trade-off between preserving capacity for a larger contract and monetizing individual, possibly higher-value reservations.

Why this statement is plausible as the correct interpretation (given no other options to compare):
- It directly mentions the key consequence measured by displacement analysis: turning other business away as a result of accepting a new booking.

Why other, unseen options might be incorrect in a typical list (conceptual guidance):
- An option that ignores opportunity cost and focuses only on guest satisfaction or operational ease would be incomplete, since displacement analysis specifically weighs revenue and booking mix rather than purely qualitative outcomes.
- An option suggesting that displacement analysis is irrelevant for group bookings would be contradicted by the fundamental purpose of the technique.
- An option conflating displacement with purely capacity utilization without considering alternative bookings and revenue would miss the economic rationale behind the analysis.

In summary, displacement analysis centers on the revenue implications and opportunity costs of accepting one booking when it could displace other potential bookings; the provided statement reflects that core idea by highlighting the consequence of turning other business away when a group booking is accepted.

BUS-480-01 Final Exam

A displacement analysis should be conducted:

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BUS-480-01 Final Exam

A displacement analysis should be conducted:

查看解析

登录即可查看完整答案

类似问题

If the average room rate is $50 when 500 rooms are sold, and if the multiple occupancy is 60% and double rooms are priced $17 higher than single rooms, compute the double room rate

Part 1What is an alternative name for revenue​ management?Part 2 A. yield management B. cash flow management C. price and demand management D. income management

Which of the following answers is not a strategic revenue management topic?

Which of the following is a necessary room revenue variable to establish the net room revenue differential?

Which of the following is a step in the displacement analysis process?

Which stay control measure is seldom the best option for revenue maximization?

更多留学生实用工具

希望你的学习变得更简单

Part 1What is an alternative name for revenue management?Part 2 A. yield management B. cash flow management C. price and demand management D. income management