Revenue Management Fundamentals | Hospitality | Online Courses

$800

Course Description:
This course provides an introduction to revenue management principles and practices in the hospitality industry. Topics include demand forecasting, pricing strategies, inventory management, and distribution channels. Participants will learn to optimize revenue.

Course Objectives:

  • Understand the principles of revenue management.
  • Develop effective demand forecasting and pricing strategies.
  • Implement inventory management and optimize distribution channels.

Learning Outcomes:

  • Apply revenue management principles in hospitality settings.
  • Develop and implement demand forecasting and pricing strategies.
  • Optimize inventory and distribution channels.
SKU: 6869 Categories: , , Tag:

Description

Course Contents:

Unit 1: Introduction to Revenue Management

  • Overview of revenue management concepts.
  • Importance of revenue management in hospitality.

Unit 2: Demand Forecasting

  • Techniques for demand forecasting.
  • Analyzing market trends and customer behavior.

Unit 3: Pricing Strategies

  • Developing and implementing pricing strategies.
  • Dynamic pricing and yield management.

Unit 4: Inventory Management

  • Managing inventory for revenue optimization.
  • Techniques for inventory control.

Unit 5: Distribution Channel Management

  • Understanding distribution channels.
  • Optimizing distribution strategies.

Evaluation:

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

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