Hospitality Business Models, drivers and trends
Facilitated by: Dr. Frédéric Delley, Dr. Demian Hodari, Dr. Margarita Cruz
COURSE UNIT DESCRIPTION :
Embark on a Comprehensive Journey into Hotel Management. Discover the pivotal tools employed by esteemed hotel executives to discern and navigate industry trends. Delve into a thorough exploration of the varied operating and ownership structures prevalent in the hospitality sector, with a specialized focus on hotels. The course is meticulously structured through concise lectures, insightful class discussions, and engaging interactive exercises. Elevate your understanding and competence in hotel management!
MAIN LEARNING OBJECTIVES:
- Develop a systematic way to identify and monitor important macroenvironmental trends driving the hospitality industry
- Understand how such forces impact the competitiveness of firms within different hospitality industry sectors
- Determine the appropriateness of different business models used by the various stakeholders in a hospitality (hotel) business
Duration: 2 days
Leveraging distribution and revenue management for profitability optimization for the Hospitality Industry
Facilitated by: Dr. Cindy Heo, Dr. Maggie Chen
COURSE UNIT DESCRIPTION:
An Exploration of Business Potential Enhancement: This course aims to broaden the perspective on the untapped potential of business enterprises. By addressing intricacies and opportunities related to multi-sided platforms and revenue management, it harnesses multi-sided platform theories to refine distribution strategies.
Designed with precision, this curriculum offers hoteliers a diverse set of tools, emphasizing enhanced organizational profitability through established revenue management methodologies. Participation in this course allows hoteliers to access profound insights, equipping them to navigate distinct challenges and pinpoint promising revenue opportunities. Enrollment is a step towards transformative business acumen.
MAIN LEARNING OBJECTIVES:
- Develop the strategy to leverage platforms for reaching, converting, and retaining customers
- Understand the principles of revenue management approach
- Forecast future demand and utilize them for dynamic pricing strategies
- Identify potential revenue opportunities by leveraging the concept of expected monetary value
Duration: 2 days
Experiential Learning Day: Hospitality concept development
Facilitated by: Mr. Dartevelle, Mr. Jean-Luc Fourrier
(This day is available only for individuals enrolled in the full program or in this weekly module)
COURSE UNIT DESCRIPTION :
Restaurant guests have numerous options at hand and aspire to be provided not only with great food and service but also with an all-encompassing experience. Different guest segments have widely different needs which are evolving fast, influenced by [cultural, ethnographic…] trends. To remain competitive, restaurant owners and managers need to react and anticipate these changes by developing an in-depth understanding of trends and segmentation and putting the guest journey and its critical episodes at the heart of concept development. The course covers all aspects of concept development, from market research, consumer segmentation and journey mapping, design-thinking, storyboarding, interior design, and kitchen to the definition of the relevant operational and financial indicators.
MAIN LEARNING OBJECTIVES:
- Be able to identify the key global and local trends and their impact on the restaurant concept
- Be able to lay out a customer journey identify the key episodes (pain points and potential delights) and use the basics of the design thinking approach
- Be able to define the key components to create a restaurant concept document :
- Market Research
- Storyboard and posi0oning
- Interior and kitchen design guidelines
- Management guidance
- Business model and financial indicator
Duration: 1 day