Restaurant Revenue Management Workshop

  • Start Date

    20 Dec, 2021

  • End Date

    22 Dec, 2021

  • Price

    ₦185,000

  • WiFi

    Free wifi

Event Details

Participants will develop a strategic understanding of revenue management and learn how to apply revenue management to their restaurants and other food and beverage outlets.

  • Necessary conditions and information for revenue management
  • The five-step approach to implementing Restaurant Revenue Management
  • Data collection to establish a baseline
  • Process analysis and other tools to analyse systems
  • Pricing and menu engineering
  • Different strategies, different times
  • Using IT effectively for operational analysis

 

COURSE CONTENT

  • Introduction to Restaurant Revenue Management
  • Basic Principles and Framework
  • Applicability of RM to Restaurants
  • 5-Step Approach to Applying RM to Restaurants
  • Establish a baseline
  • Understand causes
  • Develop strategies
  • Implement changes
  • Monitor impact
  • Menu Pricing Strategies
  • Menu engineering
  • Seat-Utilisation
  • Process Analysis
  • Operational variability analysis
  • Demand & Supply Strategies

 

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

DATE:

1ST BATCH:              25th – 28th May, 2021                      

2ND BATCH:             28th – 30h September, 2021

3RD BATCH:             20th – 22nd December, 2021

Other Dates

Start Date End Date
25 May, 2021 28 May, 2021
Start Date End Date
28 Sep, 2021 30 Sep, 2021
Start Date End Date
20 Dec, 2021 22 Dec, 2021
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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