
Learn how revenue management uses data collection, analysis, and forecasting to understand, anticipate, and respond to market demand; optimize pricing, product fit, channels, and timing to maximize revenue.
Revenue management helps hotels sell rooms at the right price each day, recognizing perishable inventory, shift demand, plan capacity across rooms and services, and cover fixed costs to maximize revenue.
Master revenue management by measuring hotel income with RevPAR and ADR. Understand why occupancy rate alone is insufficient and compare performance year over year.
Explore unlimited demand, defined as unconstrained daily demand, including booked nights, rejected rooms, shows, and cancellations, to compute maximum capacity and optimal room pricing for forecasting future periods.
Explore how the rate calendar adjusts hotel pricing by aligning with origin, destination, internal, and circumstantial demand generators tied to city events, holidays, and disruptions to optimize occupancy and revenue.
Compare your hotel, restaurant, or bar against similar competitors to analyze prices, locations, services, and distribution channels. Use benchmarking tools and competitor rate data to optimize pricing and revenue.
You will learn how to increase your revenue
Learn how to sell rooms through various sales channels, including your own website, online travel agencies, booking systems, and tour operators, and understand the shift from wholesalers to OTAs.
Manage your online reputation to protect revpar by responding to reviews on booking.com and other travel sites, shaping future guests' perceptions and pricing decisions.
Revenue Management is a sales technique based on the analysis of the different variables that affect the purchasing decision of a consumer. With effective management of revenue using Yield and Revenue Management you can maximize the sales of a hotel’s rooms and its different services and you can make them as profitable as possible using the most adequate sales channel.
This course is about the:
basis of Revenue Management,
the best tools that need to be applied
it covers the importance of good online marketing
and about how to manage your online reputation.
In this course you will GAIN:
How to set up your pricing strategy
What you have to do to make the hotel visible on the market
How to increase your direct-bookings
How to increase your occupancy rate
How to increase your sales and revenue
How to deal with your accomodation reviews
How to do email marketing
How to set up a Google adwords campaign
How to deal with your reputation
.... and much more
It includes some practical cases and examples. If you want to understand Revenue Management and Hotel Marketing in a concise way through real examples, this is the course for you!
And remember that if you are not conviced when purchasing your course, you have a 30 days reimburse guaranteed!