Fundamentals of Hospitality Revenue Management
What you'll learn
- Learn Revenue Management Fundamentals
- Pricing Pillar
- Competition Analysis (SWOT Analysis)
- Understand Demand & Inventory
- Process of Revenue Management
- Marketing Reports required for revenue management
Requirements
- Basic Understanding of Hotel Operations
Description
Revenue Management is essential whenever businesses can charge different prices from different customers. Like airlines, hotels, restaurants & other service industries
Revenue Management comes in picture where different peoples uses same product & services for different reasons and have different willingness to pay. For Example Airlines, Hotels, Advertising Services.
Inventory in these are perishable and unsold are considered as loss. In these scenarios Maximizing revenue can be difficult
This course talks about fundamentals of revenue management for hotels in particular and other industries in general.
This Course will help you to become understand what are fundamentals of revenue management.
Why you should take this course and What to expect
Learn Fundamentals of Revenue Management,
Pricing Pillars, Concepts and Dangers,
Analyse Inventory Management
What are typical revenue management decisions you would make.
What data is required to make such decision.
Unique Features
- focus on theoretical Aspects
- Personalized review.
- Continuous guidance in your learning ensuring that you achieve your objective of subscribing to this course.
- Regular Updates on case studies based on your feedbacks
Even though the course is online with no physical presence, assignments in this course will give you a change of personal interaction as i will review all assignment personally and give you personalized guidance.
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Who this course is for:
- Small Hotel Managers
- Front Office Staff
- Reservation Staff
- Sales Professionals
- Hotel Owners
Course content
- Preview05:57
- Preview09:31
- Preview00:09
- 07:06Revenue Management Definition & Meaning
- 08:15Revenue Management Premise and Assumptions
- 05:16Common Revenue Management Decisions at hotels
- 14:13Terms used in Hospitality in relation to Revenue Management
Instructor
![Hotel Management School Your learning Partner](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 3.7 Instructor Rating
- 773 Reviews
- 38,313 Students
- 30 Courses
Hotel management school was established a year ago by young and Professional Hoteliers having a combined experience of over 20 Years.
Instructors have worked in prestigious hotel chains such as Shangri-la, Intercontinental in Finance, Operations, Sales & marketing at Director Levels.
Classes were taught first in physical environment to test contents and take feedback from students. These recorded classes combine both separate recording classroom settings.
Course Content is being updated regularly and new topics are added continuously based on feedback from students.
If you have any feedback you can email us or message us to make the overall learning experience engaging and complete.