HOSPA – the Hospitality Finance, Revenue Management, Marketing and IT Professionals Association – is delighted to announce that it has successfully secured a £10,000 grant from the Savoy Educational Trust, to be matched by investment from HOSPA, to further the development of the Association’s hospitality focused Revenue Management courses. arena4finance will be providing support for the development and the delivery of the revised modules.
The grant will enable HOSPA to update and reposition its current Revenue Management programme – enabling the individual units, within the online programme’s three levels, to be studied in a modular format. This, in turn, will make the course more flexible – providing greater accessibility to a wider audience. The grant will also support the updating of the highly acclaimed Revenue Management ebook, which has been used extensively by practitioners and academics following its initial launch in 2012.
Commenting on the Savoy Educational Trust award, HOSPA Head of Professional Development Debra Adams, who is also Head of Professional Development at arena4finance. said: “We are greatly indebted to the Savoy Educational Trust for their generosity in supporting HOSPA’s growing provision of Revenue Management courses. As the ever evolving discipline of Revenue Management increasingly becomes an integral part of hospitality management, it is vital that HOSPA meets and exceeds industry demands and expectations. The £10,000 matched funding grant will enable us to provide a range of modules designed specifically to meet industry needs, with greatly increased flexibility in study options for our learners and members.”
The repositioning of the HOSPA Revenue Management courses commenced this month (March 2016) under the stewardship of arena4finance and is scheduled to be fully in place by March 2017.
In 2011, HOSPA introduced its hospitality focused Education and Training Programme in Revenue Management hosted and managed by arena4finance. Written by leading educators in Revenue Management in the hospitality sector, in conjunction with leading industry experts, the course is designed to provide Revenue Managers of the future with the skills and knowledge required to manage their divisions, as well as to provide non-revenue personnel with a detailed knowledge of the function within a hospitality property.
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