Rev. Management: Increase Revenue

In this course, you'll embark on a journey to master the art of maximizing revenue in the competitive hospitality industry. We'll explore key concepts, strategies, and data-driven techniques that will empower you to sell the right room, to the right customer, at the right price, ensuring optimal profitability for your hotel.

13 Lessons
48 minutes
Advanced
English
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Instructor

Hosdu Hospitality Education
Empowering your hospitality business with the innovative Hospitality Training Framework, Best Online Hospitality Training, Virtual Reality training sessions and Powerful Learning Management System

Curriculum for this course

Introduction
2 minutes
Total revenue management is on the rise
4 minutes
How to forecast future demand accurately?
4 minutes
Further 6 steps to forecasting
3 minutes
Use the Right Metrics to Measure Your Hotel's Performance
4 minutes
Use the right metrics as KPIs: RevPOR, GOPAR & TrevPAR
5 minutes
Use the right metrics as KPIs: NRevPAR, ARPA & EBIDATA - Part 1
2 minutes
Use the right metrics as KPIs: NRevPAR, ARPA & EBIDATA - Part 2
4 minutes
Adopt the Right Pricing Strategies for the Right Moment - Part 1
4 minutes
Adopt the Right Pricing Strategies for the Right Moment - Part 2
4 minutes
Generate revenue by Providing Incentives For Direct Bookings & flexible cancelation
3 minutes
Automate Your Revenue Management Processes
4 minutes
Test your knowledge!
0 sec

Description

In this comprehensive course, we will delve into the fundamental principles of revenue management, taking a holistic approach to ensure you are well-equipped to navigate the complex landscape of the hospitality industry. You'll gain insights into setting a total revenue strategy, leveraging key performance indicators, exploring diverse pricing strategies, and driving direct bookings through your website. Additionally, you'll master the art of data-driven forecasting, streamline processes with

In this comprehensive course, we will delve into the fundamental principles of revenue management, taking a holistic approach to ensure you are well-equipped to navigate the complex landscape of the hospitality industry. You'll gain insights into setting a total revenue strategy, leveraging key performance indicators, exploring diverse pricing strategies, and driving direct bookings through your website. Additionally, you'll master the art of data-driven forecasting, streamline processes with automation, and discover the potent strategy of cross-selling to boost your hotel's revenue. Join us on this journey to optimize your revenue management skills and achieve exceptional financial results for your hotel.

What you will learn

Revenue Management
Pricing Management
KPIs