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The Fundamentals of Revenue Management: The Cornerstone of Revenue Strategy, ESSEC Business School

4.6
Оценки: 394
Рецензии: 73

Об этом курсе

With a fixed capacity, a highly disposable product and high fixed costs, hotels are a natural candidate for the application of revenue management. Originally developed by the airlines in the 1970s, these analytics-based techniques help predict consumer behavior at the hotel’s market level so that the hotel can sell each room each night at the optimum price. With modern-day rising acquisition costs and distribution complexities, revenue management techniques have increasingly been adopted by both small and large hotel companies, making a comprehensive understanding of segmentation, forecasting and pricing an essential requirement for today’s hospitality professionals. The purpose of this course is to provide a core understanding of the fundamentals of revenue management, which ties into the larger picture of revenue strategy. The course is structured to provide an insightful look into Revenue Management. Created in conjunction with Duetto, this course is hosted by a group of revenue management leaders in both theory and with hands-on experience at properties around the world. Upon completion of the course students should be empowered with industry best practices, which can be applied across the vast diversification the hotel industry to empower those to optimize profits. Duetto delivers powerful revenue strategy solutions to the world’s leading hotels and casinos, combining unparalleled expertise with world-class cloud-based technology. Acknowledgement: Bela Nagy, Agnes Roquefort , Jonathon Liu, Frederic Toitot, Pierrick La Masne, Markus Keller - ACCOR Simone Truscello - ACE HOTELS. Richard Valtr - MEWS SYSTEM. Jean-Luc Chrétien - FAST BOOKING. Jeannette Ho - FAIRMONT RAFFLES HOTELS & RESORTS. Chinmai Sharma - TAJ HOTEL & RESORTS. Cindy Estis Green - KALIBRI LABS. Jason Thielbar - RED LION. Christopher Cooper - ROCCO FORTE. Rom Hendler - SANDS. Rafi Rejerano - AB Hotels. Riko Van Santen - KEMPINKI HOTELS & RESORTS. Vinod Sukhija - BANYAN TREE HOTELS & RESORTS. Olivier Flement - WALT DISNEY COMPANY. Cidalia Pinto Coehlo - LOUVRE HOTELS. Trevor Stuart-Hill - REVENUE MATTERS. Vincent Cusma, Marco Benvenuti, Eric Stoessel, Gayle Ehrean, Nevin Reed - DUETTO. Claire Bertrand, Vincent Chatain, Jessica Moses, Benjamin Six (ESSEC Business School), Emilie Dupré (IMAGE-IN), Gregory Halidy (TRIPLAY)...

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автор: YZ

Aug 01, 2017

very useful and rich with it content , the complimentary reading is awesome and indeed needed\n\nthe final exam is a bit hard , i do recommend it for people who are seeking knowledge in RM

автор: ES

Nov 26, 2017

I value specifically the repetition of concepts across videos and readings - it meant it really solidified the learning and knowledge so that I now can confidently apply it.

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Рецензии: 69

автор: Abubakar Ahmed Ndakene

Dec 12, 2018

Good course from qualified facilitators. Would have been better if the course wasn't centred on just hotels

автор: Martin Isaac Lewison

Dec 09, 2018

I'm giving this 3 stars, kind of like a 3 star hotel. Maybe some value for money, but you're not getting the best available product.

I enjoyed the videos and I learned a lot. Duetto has great insights, especially if you're already somewhat familiar with RM and the industry. For students, however, there are not enough opportunities to apply the concepts during the course. The result is a set of problems on the Final Exam that represent the first real chance for the student to apply all of the theory of the course. More practice in application of concepts before the final exam is necessary. Give more exercises for practice instead of waiting until the Final to throw problems at students.

An even bigger problem in the course was low quality writing and typing for Coursera materials. In the quizzes and in the closed-captioning, there were tons of typos. There was also text in the quizzes that I would bet was not proofread. Nobody proofed the in-course written materials. I'm sure I missed some quiz questions because of typos and text errors. There are two big textual errors on the Final Exam too, like someone decided to change the nature of the test question, but didn't delete all of the text from an earlier version of the question That happened to change the meaning of the question completely! And then the same weird error appeared again on the following question!

As far as outside materials go, it was good, when I could find it! Nearly all of the readings were from the corporate partner Duetto, but there were many bad hyperlinks. When I was lucky, I found the reading or video on my own, but sometimes I could not. I realize that I'm taking a canned course that was created a few years ago, but I'm paying, and all links to outside readings should work.

So there you have it. I learned a lot from the excellent videos by Nathaniel Green, who has since left Duetto. He does a great job of explaining Duetto's thinking about RM, which is pretty sophisticated. Looking back at when I first learned about RM 10 years ago, Duetto is leading RM thought exactly where it needs to go, to a place that understands big data and the explosion of channels. But other than the videos by Duetto and the outside articles that have live links, there is little value added.

автор: Haijing Li

Nov 14, 2018

This course provides me a structured knowledge on Revenue management, with the examples of best practices in the industry that I can directly apply on my daily work. It not only strengthened my understanding in revenue management as a whole, but also equipped me with essential skills in building and executing the revenue strategy effectively .

автор: Yulia Seeger

Oct 18, 2018

Great course giving proper understanding of how does revenue management work and how to work efficiently with data and pricing

автор: Francesco Coni

Sep 17, 2018

The course was really good an interesting. The links provided for the extra learning and deep understanding were not working. Also, I would suggest to explain a bit better the graphs shown during the course.

автор: Sagar balan

Sep 01, 2018

The course is a good start into revenue management. However, it does not provide "REAL" clarity on how revenue management really works in a hotel. How does a software such as Duetto fit into the hotel's scheme of things? Some more real world problem solving will helllllllllllllllllllllllllllll

автор: Abdelrahman Othman Elhalhuli

Aug 25, 2018

It was a good introduction to the terminology, ideas, philosophies and difficulties of revenue management.

I would like to see how this would differ further based on size of hotel and property type compared to large hotels

автор: Carmen Jimenez

Jun 15, 2018

the readings and articles are outdated

автор: Gustavo Marini

Jun 12, 2018

Me gustó mucho el curso. No tenía conocimientos sobre el tema y terminé teniendo una gran noción de conceptos y de forma de pensar las problemáticas de los negocios.

автор: Sergio

Jun 09, 2018

Very good, enjoyed very much this course