Gabor Forgacs

About Gabor Forgacs

Dr. Gabor Forgacs has twenty years work experience in the hotel industry on two continents including a management position at a Four Seasons hotel in Toronto, Ontario, Canada and the position of president and general manager of a full service hotel in Budapest, Hungary. He teaches at the Ted Rogers School of Hospitality and Tourism Management at Ryerson University, Toronto since 1997. He is teaching Revenue Management for Hospitality & Tourism, The Value of Branding in Lodging, and Property Management Systems.

Dr. Forgacs is also a member of the Special Graduate Faculty of the School of Hospitality and Tourism Management at the University of Guelph, Ontario, Canada where he teaches Advanced Revenue Management for the MBA program. Dr. Forgacs had received his doctorate from the Karl Marx University of Economic Sciences, Budapest, Hungary, in 1977.

Dr. Forgacs has authored a book “Revenue Management. Maximizing Revenue in Hospitality Operations” published by the American Hotel & Lodging Educational Institute (2010) and he was the editor of the online discussion series “Branding and Product Specialization in Hotels” by Henry Stewart Publications (2009).

He has published articles in the International Journal of Contemporary Hospitality Management, The Hotelier Magazine (Canada), The Rooms Chronicle (U.S.), The Accommodator (Canada), The Canadian Lodging News and other print magazines. Also published in conference proceedings of the ICHRIE (International Council on Hotel, Restaurant and Institutional Education), plus in online publications e.g.,,,,, HVS, and other electronic publications. Dr. Forgacs is frequently quoted and interviewed in the Canadian media.

Recent Articles by Gabor Forgacs


Revenue Management Challenges for 2013 A Top-Five List

Revenue Management On Jan 30, 2013  By  0

It is fair to say that Revenue Management in the hotel industry has arrived. It has become part of the mainstream over the years: we Read More

The Room Rate Conundrum: The Leap from Tactical to Strategic

Pricing On Apr 5, 2011  By  0

We all make tactical room rate adjustments on a daily basis. We need higher occupancy, increased cash-flow, plus show the owners how hard we tried. Read More

Revenue Management: Maximizing Revenue in Hospitality Operations

Revenue Management: Maximizing Revenue in Hospitality Operations

Books On Apr 24, 2010  By  0

  Revenue Management provides a solid understanding of revenue management’s key concepts and the selective application of its most effective strategies for hospitality operations. This Read More


Revenue Management: Tactical Discounting

Pricing On Mar 23, 2010  By  0

Discounting in the tactical context is done to maximize revenue generation in the short term. If a hotel believes that downward rate adjustments will provide Read More


Revenue Management: Dynamic Pricing

Pricing On Jan 23, 2010  By  0

Dynamic pricing means that a hotel will change its room rates daily or even within a day if up-to-the-minute market information reveals the need for Read More

Top ten revenue management mistakes hotels can make.

Top ten revenue management mistakes hotels can make.

Revenue Management On Aug 1, 2004  By  0

Here you will find the list of the ten mistakes made related to Revenue Management in the hotel industry. 10) To recognize Revenue Management as Read More