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Some Internet booking sites operate by letting guests bid for hotel rooms at whatever price the...

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General Management

Some Internet booking sites operate by letting guests bid forhotel rooms at whatever price the guest is willing to pay. In suchcases, guests may not know the hotel they will be reserving at thetime of their bid. If the guest’s bid is successful (i.e., if ahotel is willing to sell a room for the suggested bid price), anonrefundable reservation is made. If you were managing a frontoffice, would you want your hotel to participate in such anarrangement? Explain your reasoning.

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Given the features of the arrangement 1 Customers bid their required price which they are willing to pay for the hotel room stay 2 They are not intimated the hotel room which is    See Answer
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