pricing & revenue management reading quiz\nquestion 2 of 10: what scenario would most likely cause a…

pricing & revenue management reading quiz\nquestion 2 of 10: what scenario would most likely cause a negative change in a hotels forecast?\na) a wedding party cancels their reservation.\nb) two guests make weeklong reservations.\nc) the hotel adds a free breakfast option.d) competing hotel closes nearby.

pricing & revenue management reading quiz\nquestion 2 of 10: what scenario would most likely cause a negative change in a hotels forecast?\na) a wedding party cancels their reservation.\nb) two guests make weeklong reservations.\nc) the hotel adds a free breakfast option.d) competing hotel closes nearby.

Answer

Brief Explanations:

A negative forecast change means a downward adjustment in expected revenue/occupancy. A canceled large reservation (wedding party) directly reduces expected bookings. New reservations and a competitor closing boost forecasts, while free breakfast may not directly cause a negative change.

Answer:

a) A wedding party cancels their reservation.