revenue management. In a business involving a fixed capacity of a perishable product and variable customer behavior, such as seats on an airplane or rooms in a hotel, the science of pricing the available inventory at differing price points over time in such a way as to maximize revenue. See also yield management.
To find the abbreviation, acronym, or term you’re looking for, use the Search box (below) or click on any letter (above).
Become A Home-Based Travel Agent
Join the home-based travel revolution. A complete home study course with a no-risk guarantee. Click here.