Revenue management for restaurants
Revenue management for restaurants, available at $59.99, has an average rating of 4.85, with 20 lectures, based on 19 reviews, and has 181 subscribers.
You will learn about Understanding the importance of revenue management What is revenue management How to control duration time How to control arrival time of guests Applying restrictions to reservations Learn the importance of forecasting Wait line management Pricing strategies and when to apply Hot revenue management The importance of RevPASH Optimizing table and seating mix Understanding the importance of the service cycle How to manipulate the service cycle Why and when seat turnover is important Understading and setting up a loading chart This course is ideal for individuals who are Restaurant owners or Hotel owners or Revenue managers or Beginner restaurant managers or Restaurant managers It is particularly useful for Restaurant owners or Hotel owners or Revenue managers or Beginner restaurant managers or Restaurant managers.
Enroll now: Revenue management for restaurants
Summary
Title: Revenue management for restaurants
Price: $59.99
Average Rating: 4.85
Number of Lectures: 20
Number of Published Lectures: 20
Number of Curriculum Items: 20
Number of Published Curriculum Objects: 20
Original Price: $89.99
Quality Status: approved
Status: Live
What You Will Learn
- Understanding the importance of revenue management
- What is revenue management
- How to control duration time
- How to control arrival time of guests
- Applying restrictions to reservations
- Learn the importance of forecasting
- Wait line management
- Pricing strategies and when to apply
- Hot revenue management
- The importance of RevPASH
- Optimizing table and seating mix
- Understanding the importance of the service cycle
- How to manipulate the service cycle
- Why and when seat turnover is important
- Understading and setting up a loading chart
Who Should Attend
- Restaurant owners
- Hotel owners
- Revenue managers
- Beginner restaurant managers
- Restaurant managers
Target Audiences
- Restaurant owners
- Hotel owners
- Revenue managers
- Beginner restaurant managers
- Restaurant managers
This course ‘Revenue management for restaurants’ is based towards students who are somewhat new to the restaurant industry or small business owners who want to learn more about revenue management for their restaurant.
Revenue management is an important strategy to apply to increase or maximize profits. While setting up a revenue system is not an easy task, it is important to have such a system in place. In this course we will discuss some elements and how to incorporate these into a system to increase revenue for your restaurant.
If you have little to no experience when it comes to revenue management this course will help you understand what it is and how a revenue system contributes to your business. In this course we will try to break a complex strategy down into smaller more easy to understand parts, so you can start implementing these in your restaurant.
Together we will discuss all the basics of revenue management and go over some of the steps needed to set up a simple system. By the end of this course you will have a solid foundation and basic understandingof, what revenue management is, why it is important to have such a system in place and what elements are involved in performing revenue management.
When you’ve finished this course you’ll understand concepts like, time duration control, price level criteria and factors, how market segmentation plays a big role and how waiting line management is important for your revenue. You’ll be able to calculate displacement costs and set up a load chart for your restaurant. Besides that you’ll be able to calculate the table and seating mix to optimize seating your customers.
Course Curriculum
Chapter 1: Introduction
Lecture 1: Introduction
Lecture 2: Revenue management an introduction
Lecture 3: The economic fundamentals of revenue management
Chapter 2: Duration and time management
Lecture 1: Duration and time control
Chapter 3: Pricing
Lecture 1: Pricing part 1
Lecture 2: Pricing part 2
Chapter 4: Revenue management
Lecture 1: Processes in revenue management
Lecture 2: Forecasting and correlation
Lecture 3: Segmentation of the market
Chapter 5: Reservations
Lecture 1: The reservation curve
Lecture 2: Displacement costs
Chapter 6: Capacity management
Lecture 1: Capacity management
Lecture 2: Service cycle
Lecture 3: Load charts
Chapter 7: Queuing management
Lecture 1: Waiting time management
Lecture 2: Wait time management financially
Chapter 8: Practical revenue management
Lecture 1: Table and seat mix
Lecture 2: Hot hours management
Chapter 9: The conclusion
Lecture 1: The conclusion
Chapter 10: Documents
Lecture 1: Documents
Instructors
-
Jeroen Offergelt
Teacher business management, nutrition & personal trainer.
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 1 votes
- 3 stars: 0 votes
- 4 stars: 5 votes
- 5 stars: 13 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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