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please explain "Pros and Cons of price discounts for hospitality industry"

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General Management

please explain "Pros and Cons of price discounts for hospitalityindustry"

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Pros and Cons of Discount Pricing in Hospitality Industry The hospitality industry includes a variety of businesses operating within the service industry like hotels restaurants food and drink services lodging services theme parks event planning services cruise airline and other segments of the tourism industry The hotel and hospitality industry can be dynamic to some extent and the managers should be able to overcome the fluctuations in terms of demand and supply through appropriate pricing strategies Problems like low occupancy levels in hotels and others can be solved through discount pricing to some extent However discount pricing has both prosadvantages and cons disadvantages for    See Answer
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