| Name | From | Duration | Cost | Enroll link |
|---|---|---|---|---|
| 1. Hotel Distribution, Revenue & Demand Management Specialization | Coursera | 1 month | Free | Enroll Now |
| 2. Hotel Revenue Management for Beginners | Udemy | 2 hrs | Paid | Enroll Now |
| 3. Hotel Management: Concepts of Budgeting & Forecasting | Udemy | 2 hrs | Paid | Enroll Now |
| 4. Revenue Management for the Hospitality Industry | Udemy | 4.5 hrs | Paid | Enroll Now |
| 5. Revenue Management Specialization | FIU | 12 months | Paid | Enroll Now |
What is hospitality revenue management?
Hospitality Revenue Management is a system through which all the revenues of a hotel are managed more effectively and efficiently. All this data is then utilized to make appropriate decisions on pricing and distribution strategies.
5 Best Free Hotel Revenue Management Courses Online
List of hotel revenue management online certification classes:
#1. Hotel Management: Distribution, Revenue & Demand Management Specialization
From: Coursera
This is a great free hospitality revenue management course from Coursera.
Through 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; it is 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 the effective marketing of hospitality services.
What You’ll Learn from This Course:
- Learn the basics of hotel revenue management, distribution, and demand management.
- Learn the importance of hotel branding.
- Learn about the entire hotel revenue management system.
- Learn about the strategic management system.
Course Duration: Approx. 1 month
Certificate of completion: Yes
Cost: Free
Rating: 4.7/5 stars
Enrolled students: 25,880 students
Enroll in this Course>> [Most Recommended]
#2. Hotel Revenue Management for Beginners
From: Udemy
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 this 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 to overbook customers in a step-by-step process.
What You’ll Learn from This Course:
- Learn how to manage the revenue to keep the hotel business rolling smoothly.
- Learn to monitor the revenues generated from hotel rooms.
- Learn how to manage an overbook.
- Learn about the overall revenue management system step by step.
Course Duration: 2 hours
Certificate of completion: Yes
Cost: Paid
Rating: 4.4/5 stars
Enrolled students: 1,928 students
#3. Hotel Management: Concepts of Budgeting & Forecasting
From: Udemy
Through this revenue management certification course online by Udemy, you will learn practical forecasting and sound judgment techniques.
Also, you learn the exact techniques for revenue management from beginning to end. This course will help you learn critical revenue management techniques and receive in-depth training about revenue.
This course will help you excel in your current position and move toward your career goals.
What You’ll Learn from This Course:
- Learn how to calculate the best use of the property at the best price.
- Managing revenue and plotting price points that make the property successful
Course Duration: 2 hours
Certificate of completion: Yes
Cost: Paid
Rating: 4.1/5 stars
Enrolled students: 2,153 students
#4. Revenue Management for the Hospitality Industry
From: Udemy
Through this revenue management online certification class from Udemy, you’ll get in-depth training about revenue and 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 for handling or controlling revenues. The course is designed by the top hotel revenue experts.
What You’ll Learn from This Course:
- The role of forecasting in hotel revenue management
- Learn 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: 4.5 hours
Certificate of completion: Yes
Cost: Paid
Rating: 4.4/5 stars
Enrolled students: 523 students
#5. Hospitality Management: Revenue Management Specialization
This FIU 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 financial mastery, which is very helpful to build up the business side.
This course will teach you finance, human resources, marketing, law, 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 revenue and new strategies for 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 is also a growing industry.
What You’ll Learn from This Course:
- You learn specific managerial and financial mastery.
- Globalization and the competitive methods of multinational hospitality companies
- Learn about demand management.
- About Hospitality Enterprise Technology
- Also about segmentation and price optimization.
- Organizational behavior in the hospitality industry.
- And strategic revenue management.
Course Duration: 12 months
Certificate of completion: Yes
Conclusion
Master the art of hotel revenue management with these free and paid online courses.
Whether you’re new to the field or looking to refine your skills, these courses cover a wide range of topics, from basic concepts to forecasting and advanced revenue management strategies.
Enroll in these courses to enhance your knowledge and capabilities and position yourself for success in the dynamic hospitality industry.
Some Frequently Asked Questions:
How do you become a revenue manager?
To be eligible for the Hotel Revenue Manager position, you need a degree, particularly in management, like economics, finance, business, computer science, and mathematics, and especially 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?
1. A hotel revenue manager maintains or controls all the hotel inventory.
2. Develop and manage hotel sales strategies.
3. Conduct competitive and demand analysis, which is required.
4. Motivate all the employees during their busy schedules.
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?
A hotel revenue manager earns a minimum of $15,716 to $416,803, with a median salary of $75,325 per year.
