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Revenue Management for Hospitality Industry

Revenue Management for Hospitality Industry

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9 STUDENTS

Overview

The [course_title] is the best way for you to gain deep insight and knowledge of this topic. You will learn from industry experts and obtain an accredited certificate after completing the course. Enrol now for a limited-time discounted price.

Like all the courses of Thames College, this course is designed with the utmost attention and thorough research. All the topics are broken down into easy to understand bite-sized modules that help our learners to understand each lesson very easily.

We don’t just provide courses at Thames College; we provide a rich learning experience. After purchasing a course from Thames College, you get complete 1-year access with tutor support.

Our expert instructors are always available to answer all your questions and make your learning experience exquisite.

After completing the [course_title], you will instantly get an e-certificate that will help you get jobs in the relevant field and will enrich your CV.

If you want to learn about this topic and achieve certifications, you should consider this course from Thames College.

There are no hidden fees or exam charges. We are very upfront and clear about all the costs of the course.

Course design

The course is delivered through our online learning platform, accessible through any internet-connected device. There are no formal deadlines or teaching schedules, meaning you are free to study the course at your own pace.

You are taught through a combination of

Video lessons
Online study materials

Will I receive a certificate of completion?

Upon successful completion, you will qualify for the UK and internationally-recognised CPD accredited certification. You can choose to make your achievement formal by obtaining your PDF Certificate at the cost of £9 and Hard Copy Certificate for £15.

Why study this course

It doesn’t matter if you are an aspiring professional or absolute beginner; this course will enhance your expertise and boost your CV with critical skills and an accredited certification attesting to your knowledge.

The [course_title] is fully available to anyone, and no previous qualifications are needed to enrol. All Thames College needs to know is that you are eager to learn and are over 16.

Course Curriculum

Introduction
	Introduction & Responsibility	00:06:00
	Revenue Management Myths and Profit Fallacy	00:10:00
	Revenue Management Definition & Meaning	00:07:00
	Revenue Management Premise and Assumptions	00:08:00
	Common Revenue Management Decisions	00:05:00
	Terms used in Hospitality in relation to Revenue Management	00:14:00
	Steps for Revenue Management	00:02:00
	Step 1-Positioning of Hotel	00:03:00
	Step 2 – Segmentation of target cutomer and understand their profiles	00:11:00
Case Study Restaurant Basic Model for Selecting Initial Idea
	Step 2- Balancing the Segment of customers	00:06:00
	Step 3 – Understanding Demand	00:04:00
	Step 3 – Forecasting the Demand	00:16:00
	Step 4 – Identify Competitors & Swot Analysis	00:08:00
	Step 5 – Meaning of Price and Seller & buyer Prospective price	00:08:00
	Step 5 – How do we detemine Prices	00:09:00
	Step 5 – Pricing Factors and Strategic Pricing	00:05:00
	17 Differential Pricing	00:04:00
	Pricing Concepts – Dangers and Restrictions	00:03:00
	Re-cap What we have learned soFar	00:03:00
Business Plan and 3 Financial Statement Models
	Distribution and Channel Management	00:11:00
	Inventory management	00:11:00
	Report which we may need for revenue management	00:14:00
	Some Sample Revenue management Reports	00:09:00
	Revenue Management Challanges	00:07:00