(eCornell) Forecasting and Availability Controls in Hotel Revenue Management
Training Provider: GENASHTIM
Course Reference: TGS-2023038417
S$700
About This Course
This course explores the role of the forecast in a revenue management strategy and the positive impact that forecasting can also have on staff scheduling and purchasing. Authored by Professor Sheryl E. Kimes from Cornell University's School of Hotel Administration, during this course you'll get a step-by-step approach to creating an accurate forecast as you learn how to build booking curves, account for 'pick-up', segment demand by market, group, and channel, and calculate error and account for its impact. The course is provided by eCornell in partnership with Genashtim.
What You'll Learn
How to explain the role of forecasting in hotel revenue management.
Ways to create a forecast and measure its accuracy.
Establish or recommend room rates that maximize profitability.
Apply length-of-stay controls to your hotel.
Ways to create a forecast and measure its accuracy.
Establish or recommend room rates that maximize profitability.
Apply length-of-stay controls to your hotel.
Course Details
Back to All Courses
Note: To apply for this course, visit the SkillsFuture website or contact the training provider directly.
More Courses from GENASHTIM
The framework used in this course for solving fluid dynamics problems can be applied to a wide array...
While 2D simulations are a good place to begin, many of the real-world applications of simulation re...
In this course, you will analyze the processes and theories you must consider as you begin to explor...