Strategic Foundations of Restaurant Revenue Management
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Author: DCT
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Level: Introduction
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Study time: 3 hours
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In this course, you will understand the principles around strategy formation, tools that can be used to drive strategy. We also discuss the importance of team 'buy-in' and the importance of reporting information.
Strategic decision making is critical to a successful outcome and learning these skills will provide you with a solid understanding.
Complete the course quizzes for a DCT-Online Certificate of Completion.
Strategic decision making is critical to a successful outcome and learning these skills will provide you with a solid understanding.
Complete the course quizzes for a DCT-Online Certificate of Completion.
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Video time: 7 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