Overview
This course provides a comprehensive overview of revenue management specifically tailored for service industries.
It covers fundamental concepts such as dynamic pricing, inventory perishability, and demand forecasting.
Participants will learn various strategies to optimize revenue, including understanding market segmentation, managing distribution channels, and applying elasticity principles.
The program incorporates practical examples and case studies, enabling attendees to grasp how to implement these strategies successfully in real-world scenarios.
Why you should Attend
Understanding and implementing effective revenue management strategies are essential for maintaining competitiveness in service-based industries.
This course offers in-depth knowledge and practical tools to optimize pricing, manage demand, and enhance revenue generation.
By attending, participants will learn how to align their products and services with market demand, adjust prices dynamically to maximize profits, and manage inventory effectively to avoid losses.
Areas Covered in the Session
- Introduction to Revenue Management: Core principles and importance.
- Dynamic Pricing Strategies: Implementation based on demand, seasons, and market segmentation.
- Managing Inventory Perishability and Capacity Constraints.
- Techniques for Forecasting Demand and Adjusting Pricing Strategies.
- Case Studies on Revenue Optimization in Service Industries.
Who Will Benefit
- Service industry professionals
- Business managers
- Revenue managers
- Pricing strategists
- Individuals interested in revenue optimization in service sectors
Speaker Profile
Manish Gupta is not only a passionate educator but also a seasoned professional in the fields of finance, business, and hospitality. His career includes substantial roles in various organizations, providing him with a rich blend of real-world experience and theoretical knowledge.
As a Visiting Lecturer at Geneva Business School, Manish excels in teaching MBA subjects, skillfully bridging the gap between academic theories and their practical applications in business and finance. His expertise in Financial Management, Accounting, and Corporate Finance is particularly noteworthy.
At eHotel Management School, where he is the Founder and Lead Instructor, Manish imparts wisdom in Digital Marketing and Hotel Management. His unique approach combines his extensive industry experience with his educational background, offering students practical insights into the hospitality sector.
Manish's teaching philosophy centers around making complex subjects accessible and engaging. His dedication to student success is evident in the way he tailors his courses, ensuring they are relevant, insightful, and inspiring for aspiring professionals.
Instructor
Manish Gupta