Pune, October, 2023: Lexicon Institute of Hotel Management (Lexicon IHM), a leading Hotel Management institute, is pleased to announce its collaboration with Cesim Business Simulations to organize a workshop on “Strategic Thinking in Revenue Management,” – a simulation-based learning experience that promises to empower hospitality industry leaders.
Revenue management, an indispensable skill in today’s dynamic hospitality industry, is the linchpin for growth and profitability. It demands adaptability and strategic thinking from General Managers and Leadership teams in the face of fluctuating demands and intense competition. It seamlessly blends the art and science of predicting consumer demand and behavior. The impact of revenue management has been nothing short of revolutionary, reshaping the hospitality landscape.
“Mastering revenue management is not just a competitive advantage; it’s the foundation of success in the hospitality industry. This collaboration exemplifies our dedication to providing professionals with the tools and insights required to excel in revenue management, ensuring they can steer their establishments towards sustainable success.” Said Mr. Nasir Shaikh, Group CEO, The Lexicon Group of Institutes, EduCrack, & EasyRecruit+
The workshop empowers the industry senior leaders with a deep understanding of revenue management principles in the dynamic hospitality sector. They will master strategies like demand forecasting, market segmentation, and dynamic pricing for revenue optimization. Key performance indicators and metrics will be explored for effective performance analysis. Crucially, attendees will apply this knowledge to real-time hotel scenarios, improving occupancy rates and RevPAR (Revenue per Available Room), with a focus on achieving sustainable growth.
“Revenue management is at the heart of every successful hotel operation. By joining hands with Lexicon IHM, we aim to provide industry leaders with an exclusive platform to enhance their revenue management skills, ensuring they stay ahead in this ever-evolving industry.” Said Mr. Varun Patil, Country General Manager, Cesim Business Simulations
This workshop, tailored for senior hospitality leaders will ensure to engage them in immersive learning experiences using the Cesim Hospitality Management Simulation, a state-of-the-art pedagogical tool. This tool will empower them to make data-driven decisions and witness the immediate effects of their strategies on bookings and guest satisfaction.
· Date: 25th October, 2023
· Time: 10:00 am – 5:00 pm
· Venue: 2nd Floor, Auditorium, Lexicon IHM, Wagholi, Pune To register for the workshop, click here: https://forms.gle/1xFwfgNS31Cn8Viv8
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