Introduction to Pricing and Analytics: Guest talk held for master students of WGSHA
February 24, 2022
February 24, 2022 WGSHA Manipal: A guest talk on “Introduction on Pricing and Distribution” was organized to provide information about the Importance of pricing to the students of MHMCT 2nd Course on 25th Feb 2022.
Mr. Paresh Bhandari, began the session with an interactive game on pricing. He spoke about the importance of having a mix of reservations on basis of pricing/rates. The speaker gave a brief introduction on necessary conditions for Revenue Management. He has also shared about the strategic levers of pricing and introduced the use of data analytics at different demand period.
Session started with the opening remarks by Mr. Rohan Jugran, Assistant Professor, followed by introduction of the speaker by Mr. Akshat Kher, Student of MHMCT 2nd Course. Mr. Jugran also moderated the Q&A round.
The event was concluded with Vote of Thanks by Mr. Paritosh Dabral (Course Co-Ordinator, MHMCT). The event was organized under the guidance of Chef K Thirugnansambantham, Principal and Mr. Rajshekhar, Vice Principal.
The session will surely help the students to understand the importance of Pricing and Analytics with different approach required for each room reservation. This will prepare them to increase revenue and sold out dates in a professional and informed manner.
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