The role of hotel revenue managers is rapidly evolving, and experience with analytics, automation and technology is a core requirement for aspiring hoteliers.
Starting in the spring of 2017, students attending the NYU School of Professional Studies (NYUSPS) within theÊJonathan M. Tisch Center for Hospitality and TourismÊprogram have had access to the latest technology platforms and learning resources through a collaboration withÊIDeaS Revenue Solutions.
The IDeaS Academic Partner Program is a worldwide educational curriculum with more than 60 institutions of higher learning. It is designed to provide students with valuable hands-on exposure to industry-leading pricing, forecasting, and revenue management solutions. Combined with other business and revenue management courses, the program empowers the next generation of hoteliers with a deep understanding of how technology will play a pivotal role in their careers.
ÒIDeaS will help the next generation of hoteliers at NYUSPS to strategically focus on overall profitability, and not just room revenue, which aligns with our core teaching philosophies,Ó said the NYUSPS Tisch CenterÕs Academic Chair, Dr. Lynn Minnaert. ÒWeÕre eager to give our students this hands-on experience and help them accelerate their careers in the hotel industry.Ó
NYUSPS launched its hospitality and tourism program in 1995. The revenue management focus is new to the curriculum and is its fastest-growing track. More than 100 students this year began using IDeaSÕ online tools and learning resources. This has helped students enter the job market with a strong background in revenue management theory, combined with real-world practice and perspective.
ÒIDeaS created this initiative more than five years ago because we knew that revenue management programs often struggled to keep up with the evolution in our industry,Ó said Mike Chuma, Vice President of Product Strategy for IDeaS. ÒBy extending access to our tools and award-winning resources, weÕre helping future hoteliers understand how technology can help revenue managers transform from data miners into strategic business leaders.Ó
More information on the academic partner program is availableÊhere.
Want to keep up to date with industry news? Click here to subscribe toÊeHotelierÕs dailyÊe-newsletter.
