Description
Cost Control/Revenue Management
Cost Control presents concepts and techniques of cost control in the hospitality industry. Students select and apply methods, procedures and systems to control costs, and analyze the application, theory and concepts. Focuses on concepts for hospitality and tourism managers who are responsible for making strategic and proactive decisions to maximize revenues in a cost efficient way. Fixed product supply and varying consumer demand make this a challenge. These managers must dedicate critical attention to core product revenue maximization due to the perishable (time-sensitive) nature of a service based product. Performance in this task is measured within the firm’s revenue management system, where the goal is to generate maximum revenue
Details
Grading Basis
Official
Units
3
Offering
Course
HOSPT 10109134
Academic Group
Associate Degree
Academic Organization
Hospitality