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Profit Optimisation For Function Spaces & Spa
Date: Customized
For over twenty years Revenue Management has been practiced in the lodging business and with the increasing realisation of the financial and operational benefits the extension of practices into other departments is imminent. Be at the forefront of exploring the possibilities and extending the concept of revenue management into other revenue generating departments.
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Who is the course for?
Managers and executives in Rooms division, Sales and Marketing, Spa Managers, Event Organisers and General Management, vested with the responsibility of optimizing revenue and integrating it throughout the company.
Benefits & Tools
- Whether function spaces or spas is your primary product or an additional revenue generator, you can gather competencies in effective forecasting, assessing revenue contributions and exploring optimisation strategies for function spaces and spas. We challenge you to an intensive 2-day module towards profit optimization.
Acquired Knowledge & Skills
- Identify and explain the fundamental concepts and building blocks in Revenue Management
- Elaborate and discuss the development of Revenue Management strategies and methodology into other departments
- Explore systems from decision support to performance control
- Apply basic forecasting techniques
- Apply optimisation models and techniques
- Assess business performance and propose product‘ modification strategies
- Quantify the impact of Revenue Management
- Appreciate the value of strategies into other revenue generating departments
- Evaluate the daily tasks of Revenue Management and their influences
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