The aim of this certificate is to prepare professionals to gather all necessary information in order to break down your market and align your products in a way that the triad ‘customer-price-time’ are just right. The included courses give you all necessary knowledge and skills for assessing and employing proper revenue management techniques and strategies in order to make a lasting revenue impact in a hospitality business.
Upon successful completion of this certificate you will be able to:
- Recognize the importance of revenue management
- Explore the role of the revenue manager from different perspectives
- Assess the relationship among quality, value and price
- Address the importance of demand forecasting
- Evaluate and apply differential pricing strategies for hotels and restaurants
- Implement revenue management strategies
This certificate consists of the following courses:
- Introduction to Revenue Management
- The Role of the Revenue Manager
- Strategic Pricing, and Value and Price Considerations
- Demand Forecasting and Availability Controls
- Revenue Management Considerations for Hotels and Foodservice Operations
- Revenue Management Strategies in Practice
Code: REV510
Duration: 6 weeks
Equivalent Credits: 3 U.S./10 U.K.
Courses: 6
Award: Certificate of completion in ‘Revenue Management for Hotels and Restaurants’
Price: $590
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