Industry Overview
The Karaoke culture is popular in East Asia. Unlike the karaoke in bars/clubs offered publicly, the karaoke style here I want to discuss is the one has private rooms for different size of parties, and that is why the concept of Revenue Management can be applied broadly in this industry. I will specifically focus in Taiwan, because the karaoke culture in Taiwan is mature, and the company even expand the business to other countries.
The word “Karaoke” is originated from Japanese, so is the culture. Karaoke is firstly developed in Japan in 1970’s and then expanded to other countries in Asia in 1980’s, but the origin of the idea is obscure. Reference: http://en.wikipedia.org/wiki/Karaoke
In Taiwan, karaoke plays an important role in people’s nightlife. It’s the place for family, friends, colleagues, and even doing business. The karaoke industry in Taiwan is dominant by one company which has two different brands, one for higher class (more expensive) and the other one for lower class (cheaper). Higher class brand charges more with its glorious and hotel-look lobby, fancier private room decoration, more delicious food, and convenience (in-room restroom). There is another premium venue of that company that doesn’t see as a brand but more like a status, because it is limited to members, and joining the membership is by invitation (http://www.cashboxvip.com/viprespect.html). Thus, people start to consider going to karaoke as a luxurious entertainment, not to mention it seems to be a trend for the hotels in Hong Kong and Macau to design presidential suites with an “entertainment room” when we visited last June. Since people can easily spend hours in karaoke, the revenue can be generated in many ways. I will discuss the application based on my observations and experiences in Taiwan, and karaokes in Taiwan also do a better job than karaokes in Singapore on applying revenue management.
(Website of karaoke in Singapore:
a. http://www.partyworldktv.com.sg/promotion-29305210352041938144.html
b. http://www.kbox.com.sg/StaticContent.aspx?u=6)
The following are the overview of basic levers applied in Taiwan:
Space: (not applied in Singapore)
Karaoke has limited capacity, as the number of private rooms are fixed. Also, the size of the private rooms usually vary from small for 3 to 4 people to party size, 18-20 people, or even super party size for up to 35 people.
Time:
The time slot is limited, but the minimum consumption unit vary as the size of private rooms. Usually the rack rate is charged by hour, but promotion packages are charged based on 3-hour consumption, and you can extend by hour as the basic unit.
Also, karaokes apply dynamic pricing according to peak/off-peak hour and high/low season. The prices are differentiated by time of day, day of week, and month of year.
Occupation: (not applied in Singapore)
In Taiwan, students and senior are privileged for cheaper price. People older than the age of 55 are able to enjoy senior discount, as 55 is the minimum age to retire in Taiwan. The reasons may be students are more price-sensitive, but they also have more free time to spend in karaokes, and seniors also have more free time once they retire.
(Unfortunately, the website of the dominant company is in Mandarin, but I think you can still figure out how variable their prices are! Variable pricing charged by per person: http://www.cashboxparty.com/ktv/web_ktv/web_ktv.asp
Rack rate charged by hour per room: http://www.cashboxparty.com/ktv/map/price/kp17.html)
The Levers
SPACE
The inventory unit for karaokes is private room. A karaoke can be as big as a maze with narrow hallways and unorganized directions so it can utilize the space to its maximum. Karaokes define the space implicitly, because the size categories vary according to the space of each branch. Likewise, the capacity of private rooms varies in different branches. The following are the different private room sizes of the biggest karaoke branch in that company:
Small – 2 to 7 people
Medium – 8 to 10 people
Medium big – 10 to 12 people
Big – 12 to 15 people
Super big – 15 – 18 peope
Party size (“Presidential Suite”) – 18 – 35 people
Other utilizations of space:
a. Other than the main revenue generator, private rooms, karaokes utilize spaces for a major human need, food. Consumers not only can order in-room dining in a la carte style, but also can go to buffet area for all-you-can-eat service. Of course the delicacy level is depending on the class of the brand.
b. Another space utilization for karaoke is to selling company-branded products, such as stationary or products signed by famous singers, but it accounts for a very little part of the revenue.
c. In one of the signature karaokes of this company, there is a restaurant serving Cantonese Dim-Sum inside the karaoke. It is a rare but a brilliant concept. For people who go to karaoke but is not that into singing, they may go to that restaurant so they can eat food at the table with more comfortable height. Also, after an all-night singing, people in Taiwan like to have either a late night snack or early breakfast before dawn. The idea of the restaurant can attract people who bother which restaurant to go to. http://www.cashboxparty.com/ktv/cashboxdining/
Karaokes tend to save spaces for private rooms, as the more parties they can accommodate, the more revenue it can generate. To increase more revenue by using space, both brands may consider charging private rooms according to the distance to buffet area. The closer to buffet area, the more expensive the room rent, since people can save more time on going back and forth for food and drinks.
TIME
Karaoke sells time explicitly. The prices are either charged by per private room per hour, or by per person per certain time slot (ex. by per person for 3 hours). The pricing differs as follows:
a. Hour – separate a day into 5 different slots: (http://www.cashboxparty.com/ktv/map/price/kp17.html)
07:00-10:59 – the cheapest
11:00-15:59
16:00-17:59
18:00-19:59
20:00-22:59(Sunday to Thursday) 20:00-01:59(Friday and Saturday) – the most expensive
23:00-06:59(Sunday to Thursday) 02:00-06:59(Friday and Saturday)
b. Day of week
As what I mentioned above, Friday and Saturday are considered as “peak season”, and Monday to Thursday are “off-peak season”. The pricing for Sunday is slightly higher than weekdays but much lower than Friday and Saturday.
c. Month of year
This pricing differentiation is specially catered to student groups. Since students in Taiwan have winter vacation (3 to 4 weeks long in January and February) and summer vacation (8 to 9 weeks long in July and August), it is less often for students to go to karaokes with friends or classmates.
d. Special holidays
Public holidays are considered as peak season for karaokes, such as Christmas and spring break (can last from 3 – 5 days to celebrate Tomb-sweeping Day and Children’s Day)
Apart from the above explicit specifications of time, I suggest karaokes can consider to charge implicitly by the number of songs. It is not uncommon that the time we pay for the private room is about to end, but my favorite song is not played yet. If people can pay by songs, then such situation can be avoided and customers can also leave without pity.
PRICE
Karaoke uses physical and non-physical rate fences to differentiate its pricing, but the application of physical rate fences is far less than non-physical.
a. Physical rate fences are the size of private rooms, minimum charge for party size private room, and location of the karaoke branch. It is obvious that karaoke locating in downtown business area or in prime cities can charge higher than other locations. (Minimum rental list for Presidential Suite: http://www.cashboxparty.com/ktv/act/1001118_17/)
b. Non-physical rate fences are occupation (student), age (senior and birthday discount), membership (membership of karaoke and certain credit card holder), and time.
Other non-physical rate fences that I think is doable are advanced reservation and distance to buffet. To manage inventory more efficiently, karaokes can consider charge slightly higher for walk-ins in peak hour or hot season. Also, as what I have mentioned, it is possible for people to pay more for a private room which is closer to buffet area.
Launch your pursuit of the perfect weed bongs from LOOKAH’s exclusive offerings, known for their one-of-a-kind designs and outstanding craftsmanship.
Start your search for the ideal weed bongs among LOOKAH’s unique collection, where each piece is crafted with a dedication to design and quality that sets them apart.
but you could very cargo jakarta balikpapan well meet someone there who knows someone
Welcome to Lookah Online Store, where we celebrate the art of fine writing with our exquisite collection of dab pen , We constantly push the boundaries of what’s possible, ensuring that our vaporizers are not only the best in terms of performance and quality but also in terms of design and user experience.
Welcome to Lookah Online Store, where we celebrate the art of fine writing with our exquisite collection of dab pen , Every new product is a promise to our customers that we will continue to surprise and delight them with our innovative spirit and commitment to excellence.
Welcome to Lookah Online Store, where we celebrate the art of fine writing with our exquisite collection of dab pen , Whether it’s through cutting-edge technology, sleek designs, or unparalleled customer service, Lookah is committed to providing an experience that exceeds expectations and leaves a lasting impression.
Welcome to Lookah Online Store, where we celebrate the art of fine writing with our exquisite collection of dab pen , Whether it’s through cutting-edge technology, sleek designs
The way you describe in this blog is amazing. This is information that will be of use. I appreciate you very much
123 กีฬา
Private Placement Memorandum Attorney
Merchant Law Firm is here to help with private placement memorandum needs. Our expert Private Placement Memorandum Attorney specializes in guiding clients through the process, making sure everything follows securities regulations. We handle drafting and negotiation, providing personalized legal support for your business. Trust us to take care of your private placement memorandum requirements. Contact Merchant Law Firm today for assistance.
Pretty nice post. I just stumbled upon your weblog and wanted to say that I have really enjoyed browsing your blog posts. After all I’ll be subscribing to your feed and I hope you write again soon! 仮想通貨 カジノ
Take a moment to jasa ekspedisi jakarta balikpapan network, and then dive back into the workload.
That’s a great result tarif cargo jakarta balikpapan from attending a meeting you initially
Becoming an insurance advisor is a rewarding career path that offers opportunities to help individuals and businesses secure their financial future.
https://wealthbuddy.gintejainsurance.com/how-to-become-an-insurance-advisor
That’s a great pengiriman barang jakarta balikpapan result from attending a meeting you initially
お互いが幸せで満たされた関係を築くためには、妻のニーズに対する理解と配慮が欠かせません。オナホでの性について話すことはしばしばタブーとされがちですが、健康的な生活を送る上で重要な要素の1つです。
American Insurance Agencies And Insurance Agents
ストレスや疲れによって女性用アダルトグッズでのオーガズムに到達するのが難しい場合、リラックスする習慣を取り入れることが重要です。このような環境で性行為を行うことで、お互いに集中した時間を過ごすことができます。
Mold Inspection Miami specializes in comprehensive mold remediation services across the vibrant city and surrounding areas. With a commitment to excellence and customer satisfaction, our expert team employs advanced techniques and state-of-the-art equipment to effectively detect, contain, and eliminate mold infestations. Whether you’re dealing with visible mold growth or suspect hidden mold behind walls or in crawl spaces, we provide thorough inspections and tailored solutions to ensure a safe and healthy environment for your home or business. specializes in comprehensive mold remediation services across the vibrant city and surrounding areas. With a commitment to excellence and customer satisfaction, our expert team employs advanced techniques and state-of-the-art equipment to effectively detect, contain, and eliminate mold infestations. Whether you’re dealing with visible mold growth or suspect hidden mold behind walls or in crawl spaces, we provide thorough inspections and tailored solutions to ensure a safe and healthy environment for your home or business.
Tác giả viết bài rất chuyên nghiệp và có óc phân tích sâu sắc. Mình rất thích cách viết bạn. Mong tác giả có thể viết thêm nhiều bài viết hay khác về chủ đề này. Ngoài ra tác giả và các bạn có thể ghé thăm đọc các nội dung hữu ích của website chúng tôi tại đây: https://bk8vn.blog/
Hi to everybody, here everyone is sharing such knowledge, so it’s fastidious to see this site, and I used to visit this blog daily slot gacor gampang menang
I just could not leave your website prior to suggesting that
I really loved the standard information an individual provide on your guests ?
Is going to be back ceaselessly in order to investigate cross-check new
posts 실시간 바카라사이트
I really delighted to find this internet site on bing, just what I was searching for 프라그마틱 슬롯 사이트
Slot klasik, juga dikenal sebagai mesin buah atau bandit bertangan satu, adalah permainan sederhana dengan tiga gulungan dan simbol dasar seperti buah-buahan dan lonceng. Kesederhanaan dan daya tarik nostalgia menjadikannya favorit banyak pemain. Meskipun gameplaynya sederhana, slot klasik tetap menawarkan pembayaran dan hiburan yang menarik. slot demo
Pada intinya, mesin slot menggunakan Random Number Generator (RNG) untuk menentukan hasil setiap putaran. RNG memastikan bahwa setiap putaran bersifat independen dan acak, sehingga menghasilkan hasil yang adil dan tidak dapat diprediksi. Pemain memasang taruhan, memutar gulungan, dan berharap mendapatkan kombinasi simbol pemenang di seluruh garis pembayaran aktif. situs slot gacor 2024
Simbol slot bervariasi tergantung pada tema permainan, tetapi beberapa simbol umum mencakup buah-buahan, angka, huruf, dan ikon bertema. Simbol khusus seperti Wilds dan Scatters sering kali meningkatkan gameplay. Simbol liar dapat menggantikan simbol lain untuk menyelesaikan garis kemenangan, sementara simbol Scatter biasanya memicu putaran bonus atau putaran gratis ketika cukup banyak yang muncul di gulungan. permainan kasino
برای خرید ای پی ثابت از بهترین ارائه دهنده و تنها ارائه دهنده تخصصی آی پی ثابت در ایران می توانید به سایت آذرفا مراجعه کنید.
Masa depan permainan slot tampak menjanjikan dengan kemajuan teknologi. Virtual Reality (VR) dirancang untuk merevolusi pengalaman bermain game dengan menyediakan lingkungan 3D yang imersif di mana pemain dapat berinteraksi dengan game dengan cara baru. Teknologi Augmented Reality (AR) dan blockchain juga memiliki potensi untuk menciptakan pengalaman bermain game yang lebih interaktif dan transparan. Seiring berkembangnya teknologi, kemungkinan permainan slot menjadi tidak terbatas. slot demo anti lag
Permainan slot hadir dalam berbagai bentuk, termasuk slot klasik dengan tiga gulungan, slot video dengan lima gulungan atau lebih, dan slot progresif dengan akumulasi jackpot. Setiap jenis menawarkan fitur unik dan mekanisme gameplay, yang memenuhi preferensi pemain dan tingkat risiko yang berbeda. slot peringkat teratas
Awesome blog! Keep posting. https://phcasinoauthority.com/
I require the majority of the records, Have a preference for seriously favored, We really wish for addiitional information and facts over it, while it is definitely rather great., L8rs used only for documenting. Iptv uk
What a fantabulous post this has been. Never seen this kind of useful post. I am grateful to you and expect more number of posts like these. Thank you very much. https://www.ezhomesearch.com
Thank you for the valuable information mentioned in the blog! It has been incredibly helpful and informative. I appreciate the insights shared and look forward to more such content. Thanks again for your effort and time in putting this together! Slot Malaysia
The Karaoke culture is popular in East Asia. Unlike the karaoke in bars/clubs offered publicly, the karaoke style here Jasa Seo I want to discuss is the one has private rooms for different size of parties
With a standing for artistic innovation, LOOKAH exhibits a rich variety of dab rigs that display the full breadth of glass craftsmanship, covering everything from the minuscule and detailed to the sizable and authoritative.
LOOKAH’s creative expertise is highlighted by its extensive lineup of dab rigs that capture the full essence of glass art, ranging from the small and finely woven to the large and dominant.
Known for its avant-garde approach, LOOKAH presents a diverse range of dab rigs that represent the full scope of glass artistry, from the compact and intricately crafted to the majestic and imposing.
Enter the exclusive domain of LOOKAH’s glass bongs and start your personalized journey to find the ideal match that caters to your unique tastes. Our pride is in offering bongs with a level of distinctiveness that redefines market standards.
Delve into the innovative world of LOOKAH’s glass bongs and set sail on a quest to discover the perfect piece that suits your individual preferences. We take pride in our bongs’ unmatched uniqueness, leading the way in the industry.
Journey into the realm of LOOKAH’s glass bongs and begin your search for the perfect fit that aligns with your individual tastes. Our pride is in the unparalleled uniqueness of our bongs, setting a benchmark in the market.
LOOKAH, with a focus on original craftsmanship, introduces a wide selection of water pipes that embody the spirit of glass art, ranging from the nuanced and delicate to the broad and elaborate.
Under the spotlight of originality, LOOKAH offers an extensive collection of water pipes that capture the full spectrum of glass artistry, from the understated and intricate to the large-scale and detailed.
Welcome to Lookah Online Store, where we celebrate the art of fine writing with our exquisite collection of dab pen ,
Our collection of vaporizers and dax pens transcends the ordinary, transforming into a symphony of experiences that resonate with the rhythm of your unique journey. Each device is more than a mere gadget; it’s a canvas for your creativity, a tool for crafting the narrative of your life.
LOOKAH’s dedication to unique craftsmanship is showcased in its diverse water pipes, which represent the full depth of glass art, from the subtle and finely crafted to the expansive and intricately detailed.
LOOKAH’s dedication to creative excellence is showcased in its vast selection of water bongs, encompassing designs from the finely detailed to the majestically grand.
The brand’s pursuit of artistic innovation is clear in its comprehensive water bongs collection, which spans from the intricately delicate to the impressively large-scale.
Welcome to Lookah Online Store, where we celebrate the art of fine writing with our exquisite collection of wax pen , Lookah’s wax pens are renowned for their innovative design and superior performance, These devices boast intuitive temperature control, robust construction, and sleek ergonomics, ensuring a satisfying and customizable vaping experience for both novices and connoisseurs alike.
LOOKAH’s passion for creative brilliance is reflected in its expansive array of water bongs, featuring pieces that range from the delicate intricacy to the grandly striking.
This article has a lot of knowledge. It is a very good article. รีวิวเว็บสล็อต
Set out on an exciting journey to uncover the perfect weed bongs from LOOKAH’s curated selection, celebrated for its innovative designs and superior craftsmanship.
Commence your quest for the ultimate weed bongs within LOOKAH’s collection, distinguished by its cutting-edge designs and remarkable quality in craftsmanship.