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What is the order of the 5 step Transient revenue management process? ---------
CORRECT ANSWER-----------------1.Demand 2.Supply
3.Rates
4.Hurdle
5.Inventory
What 4 sections are on the ADVisor screen? ---------CORRECT ANSWER----------------
-Priority dates, calendar, key metrics, actions
What are Active Alerts? How are they indicated? ---------CORRECT ANSWER----------
-------Indicates a system processing failure. Indicated by an orange circle under the
step of the Revenue management process affected.
How often are priority dates generated? ---------CORRECT ANSWER-----------------
generated upon the first optimization of the day.
,Priority dates for Rates and Inventory will update throughout the day when
intraday optimizations occur.
Room Collections ---------CORRECT ANSWER-----------------groupings of MARSHA
room pools that have similar booking windows and demand patterns.
T/F all existing room pools must be assigned to a room collection ---------CORRECT
ANSWER-----------------True
T/F A room pool can be assigned to more than one room collection ---------
CORRECT ANSWER-----------------False
Room Collections are utilized on the ___,___,___ and screens ---------CORRECT
ANSWER-----------------demand, rates, and hurdle
What make up the key metrics for the Demand Advisor ---------CORRECT ANSWER-
----------------Applied remaining demand vs. system remaining demand stly, total
transient demand vs. stly, transient booked vs. stly
How many years of historical data does the unconstrained transient demand
forecast consider? ---------CORRECT ANSWER-----------------3 years
, What would be a situation causing an override in demand? ---------CORRECT
ANSWER-----------------An out of the ordinary situation is anticipated and one yield
has not yet recognized it.
Should you click save or implement first after a demand overide? ---------CORRECT
ANSWER-----------------Save first then if there are no other changes to be made to
the other ADVisor screens click implement.
The Unconstrained Transient Demand Forecast is a rate _______ forecast. ---------
CORRECT ANSWER-----------------Elastic
T/F if a retail rate other than the recommended rate is implemented, One Yield
will adjust the remaining transient de4mand forecast accordingly. ---------
CORRECT ANSWER-----------------True
What is included in Group projections on the demand graph? ---------CORRECT
ANSWER-----------------definite+tenative (revenue planning)+ Comp rooms (mkt
code)+ Contract (Revenue Planning)+ allotments+ Group to-bes (if included in
manage supply screen)