Fundamentals of Hospitality Revenue Management

——   Created by Hotel Management School

Fundamental of process, reports and data requirements in revenue management, pricing, SWOT, & demand forecasting

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Course
10
Lessons
1h 37m
Lesson time
all
Skill levels
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More about this course

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.

Subscribe now and share the love with others as well.

10 Lessons

0:05:57
Introduction & responsibility
free preview
0:09:31
Revenue management myths and profit fallacy
free preview
0:07:06
Revenue management definition & meaning
0:08:15
Revenue management premise and assumptions
0:14:13
Terms used in hospitality in relation to revenue management
0:11:28
Distribution and channel management
0:10:42
Inventory management
0:13:55
Report which we may need for revenue management
0:08:47
Sample revenue management reports
0:07:14
Revenue management challanges
Enroll in this course for $19.97
or $15/mo for unlimited courses

Class benefits

  • Certificate of Completion
  • 14 day free trial
  • 24/7 streaming access
  • Teacher Q&A
  • 1h 37m of on-demand video
  • Have a coupon?

About the instructor

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 …

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