School of Hotel Administration

Available dates

Nov 20, 2019
Online
USD 769
Dec 4, 2019
Online
USD 769
Dec 18, 2019
Online
USD 769
+28 more options

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About the course

An introduction to revenue management as a systematic process designed to increase revenue by leveraging tools designed to manage length-of-stay and apply effective pricing strategies.

Implementing a revenue management strategy can be one of the most important revenue-generating initiatives available to a hotel, significantly increasing room revenue and profits. This course provides an overview of revenue management applications to the hotel industry designed to inspire a strategic shift to managing revenue per available room (RevPAR).

Revenue management is a systematic process designed to increase revenue by selling the right room to the right person at the right time for the right price. In addition to evaluating different pricing models and applying duration-management strategies, this course provides a foundation for more advanced revenue management courses in forecasting, group management and overbooking, pricing strategy, and application of revenue management techniques to other hospitality-related industries including spas and athletic facilities.

Key Benefits

Participants who complete this course will be able to...

  • Describe hotel revenue management and its benefits to the organization
  • Discuss the strategic levers of hotel revenue management and how they can be manipulated to increase revenue
  • Describe hotel revenue management in terms of its component parts and critical considerations
  • Recommend non-traditional ways in which revenue management techniques can be applied to increase revenue in the hospitality industry

Topics Include

Module 1 - What is Hotel Revenue Management

  • An Overview of Hotel Revenue Management
  • Necessary Conditions for Revenue Management

Module 2 - Measuring Success with RevPAR

  • RevPAR-Measuring Revenue
  • Calculate RevPAR

Module 3 - Managing Duration

  • Reducing Duration Uncertainty
  • Tips for Managing Duration

Module 4 - Controlling Price

  • Variable Pricing
  • Best Available Rate
  • Leverage Price

Module 5 - Implementing Revenue Management

  • Component Parts of Implementation

Module 6 - Revenue Management Everywhere

  • Managing Revenue in Other Industries

Who should attend

This course is designed for hospitality managers, general managers, revenue managers, and other hospitality professionals responsible for the financial performance of their organization.

Trust the experts

Sheryl Kimes

Education Qualifications PhD, Operations Management, University of Texas at Austin, 1987 MBA, New Mexico State University, 1983 MA, Public Administration, University of Virginia, 1977 AB, Political Science and Mathematics, University of Missouri, 1975 Academic Experience Visiting Professor,...

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