Basics of Hotel Revenue Management

Basics of Hotel Revenue Management
at
Alison
Overview

Put your money to work with the smart hotel revenue management strategies found in this free online hospitality course

Skills you will learn

What are the course deliverables?

Recall the roles of a revenue manager and the purpose of revenue management
Explain ?forecasting? demands as well as soft and hard supply constraints
List the various types of revenue generated per available or occupied rooms in a hotels
Discuss why hotels don?t sell out too early
Evaluate the effective hotel pricing strategy
Summarize the four P?s in the marketing mix
Describe the principles of managing revenue<
Analyze the price determinants of hotel services
Recognize the seasons of a hotel

More about this course

This course will help you manage hotel revenues by explaining how to employ sound managerial techniques
We will show you how to monitor the revenues generated from hotel rooms, engage with online distributing partners and manage overbooking by customers to be a step ahead of your competitors
This course will guide you through the strategies required to manage hotel revenue and show you its purpose and importance
Explore the concept of profit from an accountant?s and economist?s perspective and the ideology behind a successful business transaction
We will help you understand effective price strategy, the four P?s of the marketing mix and entities you can use to determine the price of products and services to maximize hotel revenue
Finally, we will focus on the concept of overbooking, the types of hotel seasons and how to promote your hotel