Cornell University
Library
Cornell UniversityLibrary

eCommons

Help
Log In(current)
  1. Home
  2. Cornell Peter and Stephanie Nolan School of Hotel Administration
  3. Centers and Institutes
  4. The Center for Hospitality Research (CHR)
  5. Center for Hospitality Research Publications
  6. Implementing Revenue Management in Your Restaurants: A Case Study with Fairmont Raffles Hotels International

Implementing Revenue Management in Your Restaurants: A Case Study with Fairmont Raffles Hotels International

File(s)
kimes_ho_fairmont_to_post.pdf (1.14 MB)
Permanent Link(s)
https://hdl.handle.net/1813/70972
Collections
Center for Hospitality Research Publications
Author
Kimes, Sheryl E.
Ho, Jeannette
Abstract

In 2015, Fairmont Raffles Hotels International implemented a system-wide revenue management program in its restaurants. Starting with an analysis of baseline data, Fairmont applied a five-step revenue management process to highlight potential revenue-enhancement opportunities. Restaurant managers and employees were invited to suggest tactics and strategies drawn from three categories: (1) all-purpose strategies, (2) strategies to use when a restaurant is busy (hot), and (3) strategies to use when a restaurant is not busy (cold). Appropriately chosen strategies were simple to implement in most cases, and guests often were pleased with the operational and menu changes. Within a year of implementation, Fairmont restaurants that implemented revenue management had generated five times more revenue growth than those not applying the program.

Date Issued
2019-08-01
Keywords
restaurants
•
revenue management
Rights
Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
Type
article

Site Statistics | Help

About eCommons | Policies | Terms of use | Contact Us

copyright © 2002-2026 Cornell University Library | Privacy | Web Accessibility Assistance