Online Hotel Revenue Management Courses

Top 5 Best Online Hotel Revenue Management Courses 2022

What is Hospitality Revenue Management

Hospitality Revenue Management is a system or process through which all the revenues of a hotel are managed more effectively and efficiently. All these data are then utilized to make appropriate decisions on pricing and distribution strategies.

5 Best Online Hotel Revenue Management Courses with Certificates

Here’s a list of hotel revenue management online certification classes:

1. Hotel Revenue Management Cornell Certificate Program

Through this Cornell revenue management online certification class, you’ll get in-depth training about revenue and also the most critical revenue management techniques and strategies.

This online course will also teach you how to manage the revenues of a hotel step by step. And you will also learn the best strategies how to handle or control the revenues. The course is designed by the top hotel revenue experts.

What You’ll Learn from this Course:

  • Will explain the role of forecasting in hotel revenue management.
  • How to apply the strategic levers of hotel revenue management to increase revenue.
  • Learn to manage potential customer issues associated with overbooking.
  • Learn methods for extending the practice of revenue management to other industries.
  • Develop a functional revenue management plan, from gathering baseline data to monitoring post-implementation results.
  • Learn to set appropriate rate fences to create appropriate customer segments.

Course Duration: 3 months

Certificate of completion: Yes

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2. Hospitality Management: Revenue Management Specialization

This FIU’s online master’s degree in Hospitality Management with a Revenue Management specialization is an applied business degree that gives you the flexibility to complete it from your own space and at your own pace.

Through this online MBA in revenue management course, you can learn specific managerial and finance mastery which is very helpful to buildup the business side. This course will teach you finance, human resources, marketing, law, and also globalization, and the best competitive methods for multinational companies and leadership.

Also, you can learn about hospitality enterprises’ technologies, segmentation, price optimization, and strategic revenue management. Also, you learn how to manage the revenue and new strategies of the revenue management system.

And also after completing this degree course, opportunities are endless because the hospitality industry is one of the largest service industries and also it’s a growing industry.

What You’ll Learn from this Course:

  • You learn the specific managerial and finance mastery.
  • Globalization and competitive methods of multinational hospitality companies.
  • Learn about the Demand Management.
  • About Hospitality Enterprise Technology.
  • Also about Segmentation & Price optimization.
  • Organizational behavior in the hospitality industry.
  • And strategic revenue management.

Course Duration: 12 months

Certificate of completion: Yes

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3. Fundamentals of Hotel Revenue Management

The Hotel or Hospitality industry is the fastest-growing industry and also a vast industry. So in the Hotel business, revenue management is the most important task to run a hotel successfully and profitably.

So, through Alison’s free online hotel revenue management course, you can learn how to manage hotel revenues. Also, you can learn how to monitor the revenues generated from hotel rooms, engage, and manage overbooking by customers step by step process.

What You’ll Learn from this Course:

  • You will learn how to manage the revenue to keep the business rolling smoothly.
  • Get learn how to monitor the revenues which are generated from hotel rooms.
  • You’ll also learn how to manage to overbook.
  • And the overall revenue management system step by step.

Course Duration: 1.5-3 Hours

Certificate of completion: Yes

Enroll in this Course>> [Recommended]

4. Hotel Management: Distribution, Revenue, and Demand Management Specialization

This is an amazing online hospitality revenue management course by Coursera. In this course, you will learn the basics of Hotel revenue management, distribution, and demand management.

To take this online course you need no prior experience in this industry, designed for complete beginners. And it’s a self-paced course from which you can learn new tools and techniques and the importance of Hotel branding which is very helpful for effective marketing of Hospitality services.

What You’ll Learn from this Course:

  • You learn the basics of Hotel revenue management, distribution, and demand management.
  • Get learn new tools and techniques which is very helpful for the Hotel business.
  • You will learn the importance of Hotel branding.
  • Learn the entire Hotel revenue management system.
  • You learn the strategic management system.

Course Duration: Approx. 4 months

Certificate of completion: Yes

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5. Certified Hospitality Revenue Manager (CHRM) Online Program by Ahlei

Through this revenue management certification course online, you will learn practical forecasting and sound judgment techniques. This course will help you to excel in your current position, and move toward your career goals.

Also, you learn the exact techniques for revenue management from beginning to advance. This course will help you to learn the critical revenue management techniques and the in-depth training about revenue.

What You’ll Learn from this Course:

  • Learn how to calculate the best use of the property at the best prices.
  • The managing revenue and plotting price points that make the property successful.

Course Duration: 6 months

Certificate of completion: Yes

Enroll in this Course>>

Some Frequently Asked Questions:

How do I Become a Revenue Manager

To be eligible for the Hotel Revenue Manager position, you need a degree particular in management, like economics, finance, business, computer science, and mathematics, and especially you need a degree in revenue management. After that, you need to do a job to gain the required experience of a minimum of 2-4 years. And then, you can become a hotel revenue manager successfully.

What does a Hotel Revenue Manager do?

Here’s a list of duties of a hotel revenue manager:
1. A hotel revenue manager maintains or controls all the Hotel inventory.
2. Develop and manage the hotel sales strategies.
3. Conduct competitive and demand analysis which is required.
4. Motivate all the employees during the busy schedule.
5. The hotel revenue manager has very good time management skills and they can distribute the work nicely.
6. They regularly check whether the Hotel’s revenues are managed perfectly or not.
7. Conduct training programs and training systems for the team members.

How much does a Revenue Manager Earn?

Hotel Revenue Manager earns a minimum of 15,716 dollars to 416,803 dollars with a median salary of 75,325 dollars per annum.

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