Revenue Strategy for Accommodation Suppliers

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$65

By strategising with the team and documenting the revenue strategy a hotel is setup to ensure that the hotel looks out into the future and creates a long term measurable path for success.

Description

A revenue strategy is critical to the success of a hotel’s revenue management philosophy. A revenue strategy allows the entire revenue team to discuss, strategise, and understand what the goals are for the hotel, and how to work towards these goals. It is also critical that the strategy is put into writing. By strategising with the team and documenting the revenue strategy a hotel is setup to ensure that the hotel looks out into the future and creates a long term measurable path for success.

 YOU WILL LEARN
  • To understand how to create a successful revenue strategy;
  • Different revenue strategies explained
  • The key elements in effectively communicating a revenue strategy;
  • How to implement a revenue strategy once it has been created;
  • To understand how to measure the success of the revenue strategy once it has been implemented.
  • Inventory Control – how inventory can impact on sales. If forecasting constraint, monitor to ensure controls do not have too big an impact and adjusting strategy where necessary and why revenue managers might withhold inventory

Additional Information

Department

Revenue Management

Level

Operations