Revenue Management Fundamentals for Hospitality Industry

This Revenue Management Fundamentals for Hospitality Industry course is designed to help you develop a broad understanding of the most important models in Revenue Management Fundamentals, applying theoretical concepts and Revenue Management Fundamentals models to real life case studies.

Developed by a leading expert, this programme has been designed to equip you with the right tools and technologies to support decision-making and ensure timely delivery of Revenue Management Fundamentals objectives.

Students will have the opportunity to develop knowledge, skills and insight in the following areas:

Lecture 1 Introduction to the course

Lecture 2 Important Headcount Concepts to Know

Lecture 3 Zero Base Manning Budget

Lecture 4 Compensation Concepts

Lecture 5 Other Important Concepts

Lecture 6 Factors Which Affect Labor Productivity _ Cost

Lecture 7 More Factors Affecting Labor Cost _ productivity

Lecture 8 What is Labor cost Control _ Management

Lecture 9 What Standard do we need to establish

Lecture 10 Step1 - Prepare Organisational Foundations

Lecture 11 Step 2 - Job Descriptions and Scheduling

Lecture 12 Step 3 - Fundamentals of Prepare Roster for staff

Lecture 13 Training the Staff

Lecture 14 Recruitment Controls

Lecture 15 Compensation Controls and Policies

Lecture 16 Monitoring of Labor Cost