EVENTS REVENUE MANAGEMENT COURSES
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Start anytime
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Study anywhere
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Practical skills
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Be job ready
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Affordable from US$35 for HSMAI Members
- US$40 for non-members
In 2024, HSMAI Academy collaborated with Republic Polytechnic in Singapore to develop some basic courses in Total Revenue Management. We are proud to announce the first three courses are being launched on the 30th June, 2024. The second three courses relate to Events Revenue Management.
If you’d like to be kept up to date on the availability of these courses, please enter your email address below.
3 Courses to get you started with Events Revenue Management
The Events Revenue Optimisation course is designed to equip revenue managers, director of catering, catering managers, event planners and organisers with the necessary skills and knowledge to maximise revenue for their event space.
The course begins with understanding the similarities between rooms and function space and discovers the unique characteristics of functions space and revenue sources. Most importantly, participants will learn how to increase yields through various business strategies e.g. space optimisation theory, pricing, and relevant communication tools. The management of demand and supply is crucial in revenue optimisation
These courses will provide you with an overview of function space revenue management and its relevance; equipping you with the skills needed to establish useful data and metrics to enhance your event space performance.
This short e-learning course is designed specifically for participants who wants to explore the application of revenue management strategies in the restaurant industry to improve profits. You will be introduced to the basic concepts, theories, terms, and tools of Restaurant Revenue Management.
Topics covered in this course include:
- Revenue management principle in restaurants.
- Key Performance Indicator – RevPASH.
- Data and metrics required for restaurant revenue management.
The second e-learning course is designed for participants who are aiming to enhance their understanding of restaurant demand management. Participants will delve into the crucial link between restaurant demand and revenue, exploring how fluctuations in customer demand directly impact profitability.
Topics covered in this course include:
- Demand management practices.
- Variable pricing
- Menu engineering and analysis
The third e-learning course is designed for participants to enhance their understanding of restaurant supply management. Participants will gain insights into the crucial link between restaurant supply and revenue management, exploring how effectively managing the supply side of the business can directly impact profitability.
Topics covered in this course include:
- Capacity planning
- Restaurant occupancy and dining duration
- Table Matrix Analysis
WHO SHOULD TAKE THIS COURSE:
The Events Revenue Optimisation program is designed to equip revenue managers, director of catering, catering managers, event planners and organisers with the necessary skills and knowledge to maximise revenue for their event space.
This is one of the courses the HSMAI Academy has curated into our collection of useful learning for anyone working in commercial areas in the Hospitality Industry. The courses were developed by Republic Polytechnic.
The author of the courses is Adeline Lee. (INSERT PROFILE)
HSMAI points available – 1 point per module, 3 points for the full 3 courses to be awarded to learners. These can be used to build up your points to qualify for any HSMAI certification.
Available approx 30th June, 2024
PRICING
- Each Course is HSMAI Members pay US$35 and Non-members pay US$40
- If you purchase all three courses in one transaction, the charge will be US$90 for Members and US$105 for Non-members.
- Includes online access to course material for 12 months
- A certifciate of completion is issued after each course.
EDUCATION PARTNER
After completing these courses, if you’d like to expand your learning and earn a Certificate in Revenue Optimisation from the Republic Polytechnic, please visit their website for more information.
