Summarize the methods for managing supply and demand
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Briefly summarize the methods for managing supply and demand. Discuss the methods capable of increasing capacity for hospitality firms.
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The expert summarizes the methods for managing supply and demand. The methods capable of increasing capacity for hospitality firms are determined.
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One method is to not have an oversupply of rooms available. Some companies will continue to expand, even in times of down markets. This expansion means a company will need to sell more rooms or aggravate an already bad situation. Making sure to sell the rooms available, supply meeting demand will help to alleviate some of the issues of down markets or off seasons. Balancing needs and demands in strategic planning should mean careful examination of the external environment of the industry and the ...
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