Revenue Management for Restaurants
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Author: DCT
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Level: Introduction
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Study time: 2 hours
Join today
By the end of this short course, you will be able to confidently understand what is revenue management for restaurants, what is measurable data, how to identify slow and busy periods, the importance of data quality and how to forecast.
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: 5 lessons
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Exams: One Quiz
What you will learn
The basic concepts relevant to Restaurant Revenue Management
The 4 Major KPIs (Key Performance Indicators) used in Restaurant Revenue Management
How major KPIs are used in calculations that are central to revenue maximisation and strategy formulation
The basics of menu engineering and its role in maximising profit, including menu design strategies
Strategies and action plans for slow and busy periods in a restaurant
Typical daily reporting structures for Restaurant Revenue Management