Basics of Hotel Revenue Management

Put your money to work with this free online hospitality course’s smart hotel revenue management strategies.

You need to generate revenue in the hotel business but how can these revenues be managed to keep the business rolling smoothly? This course will help you manage hotel revenues by explaining how to employ sound managerial techniques. We will show you how to monitor the revenues generated from hotel rooms, engage with online distributing partners and manage overbooking by customers to be a step ahead of your competitors.

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Another important aspect of hotel revenue management is establishing an effective pricing strategy that will persuade customers to patronize your services. We will help you understand effective price strategy, the four P’s of the marketing mix and entities you can use to determine the price of products and services to maximize hotel revenue. On top of that, you will learn about the importance of engaging with online distribution partners and the goals to focus on whilst partnering with online distributors to maximize revenue growth. Finally, we will focus on the concept of overbooking, the types of hotel seasons and how to promote your hotel. This course is designed for hotel managers, hotel owners and anyone who wishes to maximize revenue and profit in the hotel or any other hospitality industry. Do you want to improve your managerial skill in managing hotel revenue? Then enrol in this course and master these techniques!