Revenue Management in the hospitality industry has seen a new focus in the last several years. When a strategist sets the price point whether for a hotel room, airline ticket, or even a hamburger, it must match a customer’s willingness to pay for the perceived value of the product or service. For example, have you ever visited the same hotel at different times of the year only to find that the room rate has jumped or declined significantly? If you have an analytical and creative mind, have an awareness of customer perceptions and want to be an influential part of a hospitality management team that ensures the success of the organization, revenue management may be the right fit for your career path. The focus has shifted from analyst to strategist as the need for proactive revenue management is a function vital to the health and growth of the organization.

For hospitality in particular, our pricing strategies must take on a customer-centric view that demonstrates added value for the customer rather than just setting a company-centric price that is focused solely on profit. This basically means that the company cannot necessarily offer up another hotel room on a Saturday night, or a table in a restaurant at 7 p.m. That is because hotel rooms don’t have a preset shelf-price and pricing must be flexible enough to change with consumer demand. The basic premise is that revenue management aims to supply the right product or service to the right customer at just the right price.
She combines her skills as a Restaurant Manager with her career experience in Financial Commodity Risk Management, Consulting and Purchasing to enable her educate her students with a customer-focused, yet financially sound approach to Hospitality Management.

Among other responsibilities, revenue managers will help set menu or room prices to ensure that the customers they are serving are getting what they perceive to be a fair value.

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