Revenue Management for Restaurants | Hospitality | Online Courses

$800

Course Description: This course focuses on revenue management strategies for restaurants, including pricing, demand forecasting, and performance metrics.

Course Objectives:

  • To understand revenue management principles in restaurants.
  • To develop effective pricing strategies.
  • To learn techniques for demand forecasting.
  • To use performance metrics to improve revenue management.

Learning Outcomes:

  • Explain revenue management concepts.
  • Develop and implement pricing strategies.
  • Forecast demand accurately.
  • Use performance metrics to enhance revenue management.
SKU: 6890 Categories: , , Tag:

Description

Course Contents:

Unit 1: Introduction to Revenue Management

  • Principles and concepts
  • Importance in restaurants

Unit 2: Pricing Strategies

  • Developing pricing strategies
  • Dynamic pricing

Unit 3: Forecasting and Demand Management

  • Techniques for forecasting
  • Managing demand

Unit 4: Performance Metrics

  • Key performance indicators
  • Analyzing and improving performance

Unit 5: Revenue Management Case Studies

  • Successful revenue management strategies
  • Lessons learned

Evaluation:

  • Participation and Engagement (20%)
  • Practical Projects (30%)
  • Midterm Exam (20%)
  • Final Exam (30%)

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