As a rapidly growing field of management science ,revenue management is an effective technique to man2 age perishable products in service industries.While it has advanced in both theory and practice worldwide ,it is yet to be boosted in China. This article surveys the research works in three major components of revenue management —dy2 namic pricing ,capacity control ,and overbooking. It also reviews the development of revenue management in China , which is much needed in promoting the business strategy in the nation’s service sector in its post WTO economy