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Developing the dimensions of activities important to successful revenue management performance: an application of the lodging industry

Author

Listed:
  • Jeffrey Beck
  • Bonnie Knutson
  • SeungHyun Kim
  • JaeMin Cha

Abstract

The increased use of revenue management (RM) has generated the need for trained, skilled individuals who can execute the RM system. The primary objective of this study was to identify and validate the underlying dimensions of activities important to successful RM performance. The data (N = 197) collected from an online survey was analysed using both exploratory and confirmatory factor analyses. These scale-development procedures resulted in a 22-item scale consisting of six factors: communicating effectively, managing daily activities, leading the revenue team, analysing trends, professionalising the RM profession and developing effective RM strategies. The results of this study suggest that developing effective RM strategies and analysing trends are the most important factors to a revenue manager's success. The implications of the study as well as directions for future research are discussed in this paper.

Suggested Citation

  • Jeffrey Beck & Bonnie Knutson & SeungHyun Kim & JaeMin Cha, 2010. "Developing the dimensions of activities important to successful revenue management performance: an application of the lodging industry," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 4(3/4), pages 268-283.
    • Handle: RePEc:ids:ijrevm:v:4:y:2010:i:3/4:p:268-283
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