Hotel revenue management

Revenue management is an absolutely essential skill for maintaining and growing your hotel. After all, let’s face it - when it comes right down to it, your venue is a business, and its success hinges on how well you can bring in revenue.

10 Lessons
45 min
Beginner
English

Instructor

Empowering your hospitality business with the innovative Hospitality Training Framework, Best Online Hospitality Training, Virtual Reality training sessions and Powerful Learning Management System

Curriculum for this course

Introduction
1 min
The generel concept of revenue management
2 min
Understanding the Revenue Manager role
5 min
Revenue management programs and tools
3 min
Segmenting and understanding the market
5 min
Forecasting and budgeting
6 min
Price setting
4 min
Pricing strategies
9 min
The impact of COVID19
5 min
Future trends and tendencies within revenue management
2 min

Description

Revenue management is an absolutely essential skill for maintaining and growing your hotel. After all, let’s face it - when it comes right down to it, your venue is a business, and its success hinges on how well you can bring in revenue.

This online course is designed to help you turn data into actionable, practical strategies.

What you'll learn in the hotel revenue management course

  • The fundamentals of revenue, including essential jargon

Revenue management is an absolutely essential skill for maintaining and growing your hotel. After all, let’s face it - when it comes right down to it, your venue is a business, and its success hinges on how well you can bring in revenue.

This online course is designed to help you turn data into actionable, practical strategies.

What you'll learn in the hotel revenue management course

  • The fundamentals of revenue, including essential jargon
  • What’s involved in the role of revenue manager
  • How to understand and interpret data
  • Basic forecasting principles and techniques
  • What distribution channels are, and how they relate to revenue management
  • Practical strategies you can develop using business intelligence
  • Pricing for real-world situations
  • How storytelling can help you optimize revenue
  • How to modernize your revenue meetings with a ‘netflix’ approach

Who the Fundamentals of hotel revenue management course is for

This online course is aimed at revenue team members and mid-level managers looking to develop their professional and personal skills in the field of hospitality finance.

What you will learn