Here’s another great option for folks who are starting fresh. This short course provides students with an overview of this important discipline and is an ideal supplement to a marketing, front office, or general operations class. Beyond that, this book dives into how revenue managers can adapt quickly to ever-changing technology and data models. This course introduces you to the basics of revenue management in the hotel industry: how to apply pricing and length-of-stay tools and how to measure your revenue management performance. This is a comprehensive introduction to the concepts, theories, and applications of pricing and revenue optimization. The author, Shane Lambert, also shares the most common revenue management mistakes. It elaborates the fundamental theoretical concepts in the field of hotel revenue management like the revenue management system, process, metrics, analysis, forecasting, segmentation and profiling, and ethical issues. Students and industry newcomers will want to check this one out. The increase in available data and ways to track and analyse it may seem like it has complicated the industry, but it also provides a wealth of new opportunities for your business to turn a profit. Maximize Your Profitability is a perfect introduction to the world of hospitality revenue management. Revenue management is becoming more important to hotels as they expand their offerings beyond sleeping rooms and conference rooms. After reading the book, you’ll understand the systems that revenue managers use to ensure success. Only Register an Account to DownloadHotel Revenue Management Simply put, the goal of revenue management is to sell the right product, to the right customer for the right price, at the right time. It’s specifically written for students and hospitality pros who are new to revenue management. The Xotels revenue management articles are a guide to hotel and hospitality revenue and yield management. Web 2.0 represents a seismic shift in how hotel sales, marketers and revenue managers perform their jobs-separating those that … This books brings a fresh view on Revenue Management and describes the tools that are relevant and effective today. Cutting Edge Thinking and Practice highlights today’s best practices for the industry. The seven revenue-management tips provided above can help you to achieve this goal. It's important to understand that one solution cannot suit all types of properties: The best Revenue Management System for a 500 bedrooms luxury hotel in Las Vegas has very little in commun with the one for a 25 rooms boutique hotel in the middle of rural Tasmania. Since revenue management is truly a vast topic, we’ve broken it down into simple steps in this eBook. Of all the hotel revenue management books on this list, only this one deserves the title of “the revenue manager’s Bible.” It gives a comprehensive overview of the most effective strategies and tactics for virtually any sized hotel. The sad thing is – only a few hotels consider the loyalty program as an important part of their marketing strategy. On average, hotel revenue managers make between $60,000 to $70,000 per year, depending on location. Revenue Superstar! It is a hotel yield management manual both for beginners and advanced, covering a wide spectrum of topics. In celebration of this course, our VP Strategy, Brendan May, has put together a comprehensive look at Hotel Revenue Management, which you can find below. If you are looking for an in-depth guide to the art of hospitality / hotel revenue management, this is not it. Applying computer programs to Revenue Management in hotel business is now widely spread in the US and European markets. 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