Hotel Revenue Management Essentials
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Author: DCT
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Level: Introduction
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Study time: 2 hours
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Correct implementation of Hotel Revenue Management has the ability to substantially increase a venue’s sales whilst also increasing overall profitability.
This course offers an easy-to-follow step by step guide to monitor your hotel room revenue performance and various tools and strategies at your disposal to maximize it.
Complete the course quizzes for a DCT-Online Certificate of Completion.
Complete the course quizzes for a DCT-Online Certificate of Completion.
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Video time: 8 lessons
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Exams: Three Quizzes
What you will learn
The basic concepts relevant to Hotel Revenue Management
The 8 major KPIs (Key Performance Indicators) used in Hotel Revenue Management
How to use the 8 major KPIs in calculations that are central to the discipline
The basics of forecasting, pricing and yielding using availability controls
Strategic approaches to price-setting and overbooking while taking distribution into account
Total Hotel Revenue and Gross operating profit per room