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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