IHI's Certified Revenue Management Specialist (CRMS) certification is a professional certification that works as a credentialing system for the hospitality industry and serves as a valuable indicator of an individual's expertise, knowledge, and skills in a particular field. The CRMS program is designed for individuals working as Revenue Managers, Assistant Revenue Managers, or individuals with similar backgrounds looking to understand this area better while validating their competence.
The CRMS certification will help you stand out and elevate your career, announcing to the world that you have the skills to successfully manage revenue with exceptional proficiency and a deep understanding of revenue management hospitality principles.
The program is 100% online and self-paced. The average completion time varies depending on an individual's current skill set; however, the average completion time is 1 to 3 days.
The qualification for this program is that you must have at least one year of relevant work experience as a supervisor or manager.
Topics that are covered:
Rate Strategy
Competitive Set
Segmentation Strategy: What Is The Right Mix
Forecasting: Predicting The Often Unpredictable
Channels: Where Are My Guest Booking
Supply VS Demand
Reporting Meetings
Oversell Strategy
Budgeting
Parity
Benefits of getting certified:
1. You will learn how to manage revenue management for hospitality establishments.
2. You will learn new competencies while enhancing current competencies.
3. You will learn best practices in revenue management.
4. You will learn about forecasting, budgeting, rate strategies, and segmentation strategies.
5. You will learn about managing various channels and rate parity.
6. Certifications are valid for 5 years.
PLEASE READ:
- You will receive an access code to complete your course within 24-48 hours after registering.
- Email IHI at info@internationalhospitalityinstitute.com after you have completed your course to receive your final formal certificate.
- All final certifications will be issued electronically.
- Certifications are valid for five years.
Why IHI certifications are relevant to the global hospitality industry:
CREDENTIALING
IHI's professional certifications work as a credentialing system for the hospitality industry and play a pivotal role in serving as a valuable indicator of an individual's expertise, knowledge, and skills in a particular field. These certifications hold immense importance for both individuals and employers alike. For individuals, credentials provide a means to validate their competence, enhance their professional credibility, and demonstrate their commitment to continuous learning and growth. By acquiring industry-recognized certifications, individuals can distinguish themselves from their peers, increase their employability prospects, and open doors to new career opportunities.
WHY CREDENTIALING IS IMPORTANT
Employers can benefit from IHI's credential certifications as they provide a reliable and standardized measure of an applicant's capabilities. Certifications enable employers to make informed hiring decisions, ensuring that candidates possess the necessary qualifications and expertise to excel in their respective roles. Moreover, organizations often rely on certified professionals to uphold industry standards, promote innovation, and maintain a competitive edge. Credential certifications serve as a valuable currency in the modern job market, empowering individuals and enabling organizations to thrive in an increasingly specialized and dynamic world.
IHI reserves the right to request additional information once payment has been received to ensure that your selected program is a good fit. If an individual purchases a course they do not qualify for, IHI will issue a full refund or suggest another course based on their current skill set.