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Revenue Management Fundamentals for Hospitality Industry

Free eCertificate | Limited time | Revenue Fundamental Masterclass | Tutor Support | Video Lessons

Frontier Education

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
1.3 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed courses certificate of completion - Free
Additional info
  • Tutor is available to students
38 students purchased this course

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Overview

This Revenue Management Fundamentals for Hospitality Industry course addresses the knowledge, skills and behaviours required to successfully apply revenue management that helps organisations, personal business and individuals.

In this Revenue Management Fundamentals course you will explore the Zero Base Manning Budget,Compensation,Labor Productivity,Labor cost Control _ Management,Job Descriptions and Scheduling,Training the Staff,Monitoring of Labor Cost and more. You will learn how to meet revenue management challenges through efficient use of practices and technology.

Curriculum

1
section
16
lectures
1h 16m
total

    • 1: 1. Introduction to the course 01:34
    • 2: 2. Important Headcount Concepts to Know 09:35
    • 3: 3. Zero Base Manning BUdget 03:01
    • 4: 4. Compensation Concepts 03:34
    • 5: 5. Other Important Concepts 10:49
    • 6: 6. Factors Which Affect Labour Productivity _ Cost 04:47
    • 7: 7. More Factors Affecting Labour Cost _ productivity 05:01
    • 8: 8. What is Labour cost Control _ Management 02:34
    • 9: 9. What Stadard do we need to establish 04:07
    • 10: 10. Step1 - Prepare Organisational Foundations 04:48
    • 11: 11. Step 2 - Job Descriptions and Scheduling 05:55
    • 12: 12. Step 3 - Fundamentals of Prepare Roster for staff 04:14
    • 13: 13. Training the Staff 03:14
    • 14: 14. Recruitement Controls 04:21
    • 15: 15. Compensation Controls and Policies 02:34
    • 16: 16. Monitoring of Labour Cost 05:20

Course media

Description

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

Requirements

No prior knowledge or experience required

Questions and answers

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Certificates

Reed courses certificate of completion

Digital certificate - Included

Will be downloadable when all lectures have been completed

Reviews

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Course rating
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Service
100%
Content
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Value

Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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