Fundamentals of Hotel Revenue Management you must master in 2021
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Course sections
Section 1
Introduction and Fundamentals Terms
1
Introduction & Responsibility for Revenue Management
2
Revenue Management Myths and Profit Fallacy
3
Lecture 3 Revenue Management Definition & Meaning
4
Lecture 4 Revenue Management Premise and Assumptions
5
Lecture 5 Common Revenue Management Decisions
6
Lecture 6 Terms used in Hospitality in relation to Revenue Management
Section 2
Steps and Process for Revenue Management
1
Lecture 7 Steps for Revenue Management
2
Lecture 8 Step 1 – Understanding Positioning of Hotel
3
Lecture 9 Step 2 Segmentation of target cutomer and understand their profiles
4
Lecture 10 Step 2 Balancing the Segment of customers
5
Lecture 11 Step 3 Understanding Demand
6
Lecture 12 Step 3 Forecasting the Demand
7
Lecture 13 Step 4 Identify Competitors & Swot Analysis
8
Lecture 14 Step 5 Meaning of Price and Seller & buyer Prospective price
9
Lecture 15 Step 5 How do we determine Prices
10
Lecture 16 Step 5 Pricing Factors and Strategic Pricing
11
Lecture 17 Differential Pricing Concepts in Revenue management
12
Lecture 18 Pricing Concepts Dangers and Restrictions
13
Lecture 19 Re cap What we have learned soFar
Section 3
Other Considerations in Revenue Management and Data and Reports
1
Lecture 20 Distribution and Channel Management
2
Lecture 21 Inventory management
3
Lecture 22 Report which we may need for revenue management
4
Lecture 23 Some Sample Revenue management Reports
5
Lecture 24 Revenue Management Challenges
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Fundamentals of Hotel Revenue Management you must master in 2021
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