This course provides a thorough guide to managing hotel room inventory effectively, designed for front-line hotel staff, entry-level revenue managers, and hospitality professionals seeking to enhance their revenue management skills. No prior experience in revenue management is required. However, a basic understanding of hotel operations and a familiarity with hotel software systems will be beneficial. This course provides a thorough guide to managing hotel room inventory effectively. Learn how to determine physical availability, optimise your room mix, and implement strategic overbooking practices to maximise revenue and guest satisfaction. You will also explore availability controls and learn how to set appropriate overbooking limits to achieve optimal occupancy and profitability.
This module explores the critical concepts of hotel room availability and overbooking. You'll learn how to determine physical availability, manage room inventory, and implement strategic overbooking practices. Explore the impact of overbooking strategies, learn how to set appropriate limits, and understand how to utilise availability controls to optimise revenue and guest satisfaction.
What's included
12 videos4 assignments
Show info about module content
12 videos•Total 30 minutes
Introduction to Hotel Room Inventory Management•1 minute
Determining Physical Availability•3 minutes
Other Deductable Room Categories•3 minutes
Your Ideal Room Inventory Mix•5 minutes
What is Overbooking? •1 minute
The Impact of a No Overbooking Strategy•1 minute
The Impact of an Overbooking Strategy•2 minutes
When to Employ Overbooking •2 minutes
Setting Overbooking Limits•1 minute
Overbooking Split Across Room Types •3 minutes
What are Availability Controls?•2 minutes
Key Availability Controls•6 minutes
4 assignments•Total 120 minutes
Room Inventory Mix•30 minutes
The Practice of Overbooking•30 minutes
Overbooking Limits•30 minutes
Room Inventory Management - Final Assessment•30 minutes
Dubai College of Tourism (DCT) was established by Dubai Department of Economy and Tourism (DET) to be a world-class vocational college that provides innovative, accessible and exceptional education and training that supports people to enter, enhance or advance within the tourism industry in Dubai.
Our courses are focused on the essential skills in the tourism and hospitality sectors. We aim to impact learners globally, fostering a strong talent pipeline and cultivating a new generation of tourism professionals possessing the skills and knowledge to thrive in this dynamic landscape.
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.