“Revenue Management and Dynamic Pricing ”

Report on Session on “Revenue Management and Dynamic Pricing ” conducted on 5th November, 2011 A guest lecture was conducted on “Revenue Management and Dynamic Pricing” for the final year students by Mr. Tarandeep Singh, Director Revenue Management, IHG, South West Asia on November 5th. Students were briefed about the role of Revenue Management in Pricing of Rooms. Various tactics for high and low demand period were discussed. Students found the lecture very informative and interacted with Mr. Tarandeep Singh by answering his questions and putting up queries. The session lasted for about and an hour and a half. At the end of the session on demand of students Mr. Singh discussed the usual career graph for people wanting to be in Revenue Management Team, the kind of packages available, profile of candidates and the various latest software supporting the Revenue Management functions. Mr. Tarandeep Singh was given a vote of thanks by Rooms Division Management faculty Ms. Sarah Hussain, informing him that it was indeed one of the most interesting guest lecture so far and that BCIHMCT would look forward to learning more from him in future.