HSMAI: Revenue Management as a career path in hospitality
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- Опубликовано: 16 июн 2024
- Learn what a Revenue Manager does in a hotel. HSMAI Asia Pacific and the Singapore Institute of Technology's Hospitality Business School have co-operated to create a video explaining the role of the Revenue Department in a hotel.
The track (Big Because-Minden) is licensed under an Attribution Non-Commercial 3.0 International License. This video is not to be used for advertising, promotion for commercial/monetary advantages.
Crucial job ..
love it
Is there any degree level courses to study revenue management ?
Hi Semanta, I don't think there are degree programs solely on revenue management. HSMAI has two levels, Certificate of Revenue management (Hospitality) and the CRME which is a certification for those people with 3 years or more experience managing revenue. You could also check Cornell University as they have a program too. Check ours out at: hsmaiacademy.org/certificate-in-revenue-management-hospitality/
Well there isnt any degree for it, so if you want to gathering knowledge, start from be part of product's team, which means front office, then if you lucky you may go onward to distribution wise then end up in revenue management. So you'll understand what is revenue management for. And if you care, complete yours with OTA courses, that will help you a lot these days.
Please refer to courses in Basics of Rev mgmt, Customer service essentials courses from our Academy -- Ravi Sharma Academy, info@ ravisharmaacademy.org
The best way to learn about revenue management in a large hotel. Revenue management will become more and more automated in the not so distant future and people working in this part of hotel management should explore career alternatives within hotels. Certification can round up the practical experience but will never replace it.
Sounds like a lot of the responsibilities you would expect the manager to take care of.
For medium to small business yes.
However the value of a good data analyst is exponential in terms of increasing efficiency and profitability. (Revenue management person is basically a data analyst who can turn the data into usable information to drive business decisions). Many managers I’ve known barely can use a computer. Often times “older run” business leadership will have trouble understanding that there is any value from data such as that etc
It’s a high responsibility job
Depends on the hotel but yes, the hotel manager is looking after this once the occupancy goes above certain levels.