In hotels, there are a variety of departments that work together to bring in revenue - everything from the rooms themselves, to the restaurant, to laundry service. Think of these departments like members of a team! Everyone has their part to play, and good revenue management is about optimizing each role in the team.
In this lesson, Ally Northfield will explain how you can identify each department, understand the revenue it brings in, and how effective management can help you maximize your overall revenue.
What you'll learn in the Total revenue management lesson
- The different revenue areas within your business
- How to track the revenue performance of different profit centres in your venue
- Techniques for optimizing revenue from a variety of profit centres
Who the Advanced hotel revenue management course is for
This course is aimed at hotel managers looking to build on their knowledge of revenue management principles.
For successful completion of this course, Typsy recommends some prior knowledge of introductory revenue management principles.