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Introduction to Hospitality Economics

Discover key economic principles essential for succeeding in the dynamic and competitive hospitality industry.

Cost

CHF 360

Next dates

Introduction to Hospitality Economics

The hospitality industry stands out as one of the most attractive, fast-growing, and highly competitive sectors globally. From hotels and restaurants to travel and tourism services, this dynamic field plays a crucial role in shaping the global economy. As such, gaining a robust understanding of hospitality economic principles is essential for participants aiming to thrive in this competitive environment.

Why Take This Course?

Upon successful completion of this course, participants will be able to:

Understand and apply fundamental economic concepts, including supply, demand, price, equilibrium, and consumer/producer surplus
Analyze market demand and the interaction of supply and demand in hospitality-related markets.
Identify and differentiate between various market structures.
Comprehend the concept of equilibrium and the factors influencing its achievement in different market structures.
Explore the dynamics and mechanisms that drive equilibrium in hospitality markets.
Evaluate welfare economics principles, including efficiency and equity, in the context of hospitality industries.

Course content

33 Lecture Videos

1 Case study

22 Readings

Learning Journey

2 weeks online courses

Course highlights

100% online, self-paced, accessible whenever and wherever
Certificate of Completion delivered by EHL Hospitality Business School
Course content curated by EHL faculty and experts

Course Details

This course is part of the 5-week Hospitality Economics Online Certificate If you choose to enroll in the full 5-week program after completing this introductory course, the cost of the Introduction to Hospitality Industry course will be reimbursed.
A couple of days before the start of the course, you will receive your credentials to join the learning platform. EHL has developed an internal learning management system based on Moodle.

Final assessment

At the end of the 2-week course, participants are required to take a final assessment. Upon successfully passing the assessment, participants get a certificate of completion from EHL.
Depending on the course, the assessment may range from multiple choice quizzes (MCQ), where only one answer is correct, to more open response evaluations, like a case study.
To successfully pass the assessment, participants must get a minimum of 60% of the total points available. You can either PASS or FAIL a certificate, no numerical grades will be officially reflected in the certificate.

Certificate of Completion

Who should apply?

This course is designed for anyone who would like to gain an overview of Hospitality Economics.

Admission Criteria

There are no admission requirements to enroll to this course.

Admission Process

To enroll, choose the desired intake and fill in your personal details. You will receive an email with the payment link. You are accepted in the course only upon receipt of payment.

Deadline

We must receive payment at least five days before the start of the course. Late enrollments can be accepted on a case-by-case basis.

Apply Online

Choose your intake :

Cost

CHF 360

FAQ

Most asked questions

Payment methods

EHL uses the payment platform Flywire, which provides various payment methods, has no hidden bank fees, and offers favorable exchange rates. The link to the payment platform will be provide after the enrollment form.

Course structure

The course is available for self-study over a 2-week period.
The course is delivered fully online, allowing participants to study when they want.

Course content

Each course is composed of recorded videos, interactive exercises, and readings.

Main topics covered in the course:

Economics Fundamentals
Market, Demand, Supply
Equilibrium and Welfare
Elasticity
Market Structure
Profit Maximization and Costs
Hotel Industry Demand Curves
Hospitality Economics

Final assessment

At the end of the 2-week course, participants are required to take a final assessment. Upon successfully passing the assessment, participants get a certificate of completion from EHL.
Depending on the course, the assessment may range from multiple choice quizzes (MCQ), where only one answer is correct, to more open response evaluations, like a case study.
To successfully pass the assessment, participants must get a minimum of 60% of the total points available. You can either PASS or FAIL a certificate, no numerical grades will be officially reflected in the certificate.

Retakes

Retakes are not available at the end of a program if you fail the final assessment. If you wish to retake the final assessment, you need to re-enroll for the next available session.

Connecting to the platform

A couple of days before the start of the course, participants will receive their credentials by email and will be required to first change their password before being able to join our learning platform Moodle.

Certificate of completion

A certificate of completion, delivered by EHL, can be obtained at the end of each 2-week course, providing each final assessment is successfully passed.
Each certificate of completion is delivered electronically (secured pdf) with a unique ID associated to the participant. If a final assessment is failed, no certificate or document related to that course is delivered. Each course is independent from one another; failing a final assessment on one course has no implication on the other courses.

AEHL member discount

AEHL members are entitled to the alumni discount. To benefit from the discount, participants must enter their AEHL number in the discount field in the enrollment form. Please note this course already has a 10% discount applied. For full details about, please check the EHL Alumni Connect platform.

EHL Hospitality Business School

Route de Berne 301
1000 Lausanne 25
Switzerland