Revenue Management - JustHospitality (v.01)

Issued by Madison College

Earners learned to distinguish between tactical and strategic revenue management, explored foundational aspects of revenue management, and developed a strategic revenue management focus. The JustDane “Hospitality Accounting” course has been articulated to Madison College's "Revenue Management" course. Madison College will grant 3 college credits for our Revenue Management course to individuals who have earned this badge & enroll at Madison College.

Additional Details

Skills

Earning Criteria

Successfully complete the assessments built into JustDane courses
Understand the environmental factors influencing the financing of culinary, hospitality and tourism service organizations.
Explain key business concepts, example: supply and demand, economic impacts, cost analysis, pricing, ratio analyses, involved in managing a profit/nonprofit culinary, hospitality or tourism enterprise
Explain how revenue management relies on forecasting
Demonstrate the strategic levers of revenue management
Evaluate organizational performance and competitive analysis using key indicators
Explore the role a revenue manager has in decision making