Chris Anderson is a professor at the Cornell Nolan School of Hotel Administration. Prior to his appointment in 2006, he was on the faculty at the Ivey School of Business in London, Ontario, Canada. Professor Anderson’s main research focus is on revenue management and service pricing. He actively works in the application and development of revenue management across numerous industry types, including hotels, airlines, and rental car and tour companies, as well as numerous consumer packaged goods and financial services firms. Professor Anderson’s research has been funded by numerous governmental agencies and industrial partners. He serves on the editorial board of the Journal of Revenue and Pricing Management and is the regional editor for the International Journal of Revenue Management. At the Nolan School of Hotel Administration, Professor Anderson teaches courses in revenue management and service operations management.

Advanced Hospitality Revenue Management: Pricing and Demand StrategiesCornell Certificate Program
Overview and Courses
Increasing sales and profits entails a comprehensive revenue -management strategy that includes creating and managing customer demand and establishing a marketing strategy built around rigorous control systems. Doing this better than the other players in the market will produce a clear, competitive yield advantage.
This certificate program consists of five two-week courses. The series builds on the fundamental principles of pricing and revenue management to give you advanced tools and techniques to make strategic hotel pricing decisions, set inventory controls, and encourage demand manipulation to drive profits and overall organizational performance. You can complete all five courses and earn your certificate in as little as three months, spending three to five hours per week.
This program was developed with revenue-management expert Christopher Anderson, PhD, associate professor in the School of Hotel Administration at Cornell University. Professor Anderson’s research focuses on revenue management and service pricing, and he advises world-renowned hospitality, service, and consumer-goods firms on optimizing and executing their revenue-management strategies.
The courses in this certificate program are required to be completed in the order that they appear.
This program includes two years of free access to Symposium! These events feature several days of live, highly participatory virtual Zoom sessions with Cornell faculty and experts to explore the Hospitality industry’s most pressing topics. Symposium events are held several times throughout the year. Once enrolled in your program, you will receive information about upcoming events.
Throughout the year, you may participate in as many sessions as you wish. Attending Symposium sessions is not required to successfully complete the certificate program.
Course list
Revenue management is about rejecting current opportunities for potential future opportunities while maximizing profit. This course provides a rigorous foundation in traditional revenue management control of room and rate availability. You will begin by exploring inventory control, focusing on controlling rate but not length of stay. You will then add uncertain demand and discuss traditional availability controls such as requiring a minimum length of stay. Finally, you will explore optimization and illustrate methods for full-rate and availability control. This foundation is necessary if you want to develop your own revenue management system or engage effectively and fully with commercially available revenue management systems.
Note that you are being asked to use Microsoft Excel for this course. It contains an add-in called Solver. While many open-source spreadsheet programs include Solver, the MS Excel version has a specific function that you will need for this course.
- Apr 15, 2026
- Jun 10, 2026
- Aug 5, 2026
- Sep 30, 2026
- Nov 25, 2026
- Jan 20, 2027
- Mar 17, 2027
Pricing has become an increasingly important mechanism in maximizing a firm's profits. The ease with which consumers comparison-shop has inspired firms to become more active pricers. Unfortunately, if you lack a proper understanding of the impact of price on demand (and contribution), changing prices can quickly erode your firm's profits. This course describes the impact of changing prices in a competitive environment and describes several methods for measuring demand sensitivity to price changes, or price elasticity.
The course begins with a strategic look at pricing and discusses the impact of price changes, including the anticipated reaction of your competitors. You will examine these impacts through a discussion of recent price changes during economic declines as well as a well-documented airline price war. Following this strategic discussion, you will use a set of tactical tools to evaluate the effect of a price action on demand and, ultimately, on profitability. You will have a chance to immediately practice what you've studied by participating in a pricing simulation game.
This course contains an optional module on Tableau, an interactive visualization software used for business intelligence. You can download a free copy of it to your desktop. While this is optional material, you can use Tableau skills for data analysis and presentations.
You are required to have completed the following course or have equivalent experience before taking this course:
- Price and Inventory Controls
- Apr 29, 2026
- Jun 24, 2026
- Aug 19, 2026
- Oct 14, 2026
- Dec 9, 2026
- Feb 3, 2027
- Mar 31, 2027
Today's progressive businesses use technology to evaluate and set prices in almost every major market. This use of technology has quietly revolutionized the way we do pricing. Shoppers find that prices vary widely, from customer to customer and even from day to day, and businesses can target individual customer segments to maximize their profitability.
In this course, you will examine techniques for analyzing and setting prices. The first part of the course focuses on variable pricing, exploring how to create different prices for the same service or product and how to use segmentation, communication, and upgrading to capitalize on those prices. The second part of the course examines dynamic pricing, or how prices evolve over time.
You will complete a project designed to evaluate the variable and dynamic pricing strategies of your firm or another hospitality-related firm. Over the duration of the course, you will monitor and record prices at a firm of your choosing. Toward the end of the course, you will analyze and report on the data.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Price and Inventory Controls
- Price Sensitivity and Pricing Decisions
- May 13, 2026
- Jul 8, 2026
- Sep 2, 2026
- Oct 28, 2026
- Dec 23, 2026
- Feb 17, 2027
- Apr 14, 2027
Group business from associations or conferences often comprises 50% or more of hotel room nights. Although groups typically negotiate their rates, systematic approaches to group pricing are still underdeveloped. In this course, you will examine strategic and tactical group-booking decisions over the long, medium, and short terms. You will examine why the hotel's strategic focus is the mix of groups while its tactical focus is rate and availability decisions for specific group requests. In the medium term, the hotel's focus shifts as both group and transient reservations begin to arrive. Finally, in the short term, the hotel's focus is on group materialization. In other words, will the group use its entire block of rooms?
The course demonstrates how an effective revenue management strategy deals with arrival uncertainty using forecasting and overbooking. It explores the issue of displacement, looking specifically at how a property, when considering a group booking, should estimate the future arrivals that could be rejected due to lack of room availability. You'll discover that, using estimates of displacements, hotels can determine the number of rooms to allocate to each segment.
Note that you are being asked to use Microsoft Excel for this course. It contains an add-in called Solver. While many open-source spreadsheet programs include Solver, the MS Excel version has a specific function that you will need for this course.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Price and Inventory Controls
- Price Sensitivity and Pricing Decisions
- Segmentation and Price Optimization
- May 27, 2026
- Jul 22, 2026
- Sep 16, 2026
- Nov 11, 2026
- Jan 6, 2027
- Mar 3, 2027
- Apr 28, 2027
Today's hospitality consumers rely less upon traditional travel agents and more on web-based research when booking travel. In this course, you'll explore how to develop strategies designed to improve your standing in internet search results, known as search engine optimization (SEO), and increase your visibility to target customers.
You will also investigate how to optimize your position on internet search results and increase conversions: the moment when a search becomes a purchase. Online travel agencies are especially popular because they provide one-stop convenience and notifications for consumers searching for deals and promotional opportunities. The success of online travel agencies is largely attributable to their marriage of leading-edge technology and a keen insight into consumer behavior patterns.
You will have a chance to immediately practice what you've studied by participating in a pricing simulation game.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Price and Inventory Controls
- Price Sensitivity and Pricing Decisions
- Segmentation and Price Optimization
- Displacement and Negotiated Pricing
- Jun 10, 2026
- Aug 5, 2026
- Sep 30, 2026
- Nov 25, 2026
- Jan 20, 2027
- Mar 17, 2027
- May 12, 2027
Symposium sessions feature two days of live, highly interactive virtual Zoom sessions that will explore today’s most pressing topics. The Hospitality Symposium offers you a unique opportunity to engage in real-time conversations with peers and experts from the Cornell community and beyond. Using the context of your own experiences, you will take part in reflections and small-group discussions to build on the skills and knowledge you have gained from your courses.
Join us for the next Symposium, in which we’ll discuss how both day-to-day operations and strategic goal setting in the hospitality sector have rapidly evolved over the past two years, opening up new space for real-time conversations about the future of the industry. You will support your coursework by applying your knowledge and experiences to various areas of the industry, examining the innovations and accommodations you have all had to make throughout the COVID-19 pandemic and strategizing on future directions. By participating in relevant and engaging discussions, you will discover a variety of perspectives and build connections with your fellow participants from across the industry.
All sessions are held on Zoom.
Future dates are subject to change. You may participate in as many sessions as you wish. Attending Symposium sessions is not required to successfully complete any certificate program. Once enrolled in your courses, you will receive information about upcoming events. Accessibility accommodations will be available upon request.
eCornell Online Workshops are live, interactive 3-hour learning experiences led by Cornell faculty experts. These premium short-format sessions focus on AI topics and are designed for busy professionals who want to gain immediately applicable skills and strategic perspectives. Workshops include faculty presentations, breakout discussions, and guided hands-on practice.
The AI Workshops All-Access Pass provides you with unlimited participation for 6 months from your date of purchase. Whether you choose to attend one workshop per month, or several per week, the All-Access Pass will allow you to customize your AI journey and stay on top of the latest AI trends.
Workshops cover a range of cutting-edge AI topics applicable across industries, hosted by Cornell faculty at the forefront of their fields. Whether you are just getting started with AI, seeking to build your AI skillset, or exploring advanced applications of AI, Workshops will provide you with an action-oriented learning experience for immediate application in your career. Sample Workshops include:
- Work Smarter with AI Agents: Individual and Team Effectiveness
- Leading AI Transformation: Bigger Than You Imagine, Harder Than You Expect
- Using AI at Work: Practical Choices and Better Results
- Search & Discoverability in the Era of AI
- Don't Just Prompt AI - Govern it
- AI-Powered Product Manager
- Leverage AI and Human Connection to Lead through Uncertainty
How It Works
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Faculty Author
- Military to Business in Project Management
- Military to Business in Marketing
- AI in Hospitality
- Restaurant Distribution Strategy
- General Managers Program
- Data Analytics in R
- Management 360
- Data Analytics 360
- Revenue Management 360
- Data Analytics
- Hospitality Management
- Advanced Hospitality Revenue Management: Pricing and Demand Strategies
Key Course Takeaways
- Apply demand chart methodology to determine prices
- Use optimization tools to analyze the effects of multiple resource controls
- Apply price sensitivity tactics to make pricing decisions
- Use price elasticity and regression to maximize revenue
- Visualize data in Tableau (optional bonus content)
- Leverage variable pricing for different customer segments
- Apply dynamic pricing and price optimization
- Balance group bookings with transient customers
- Account for group arrival uncertainty
- Make strategic use of online travel agencies
- Leverage search engine marketing strategies

Download a Brochure
Not ready to enroll but want to learn more? Download the certificate brochure to review program details.

What You'll Earn
- Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate from Cornell's Peter and Stephanie Nolan School of Hotel Administration
- 50 Professional Development Hours (5.0 Continuing Education Units CEUs)
Watch the Video
Who Should Enroll
- General managers
- Revenue managers
- Marketing managers
- Hospitality professionals responsible for their organization's financial performance
Frequently Asked Questions
Hospitality pricing has become more transparent and more competitive, and that means gut-feel rate changes can quickly erode profit. Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate helps you build a rigorous, practical approach to pricing and demand decisions so you can protect rate integrity, allocate inventory intelligently, and drive performance across segments and channels.
In this certificate program, authored by faculty from the Nolan School of Hotel Administration at the Cornell SC Johnson College of Business, you will learn how to forecast demand, evaluate price sensitivity, apply segmentation and dynamic pricing, and make better decisions about availability controls, negotiated group business, and online distribution. You will practice with hands-on analyses and realistic scenarios that mirror the decisions revenue leaders face, including spreadsheet-based optimization and simulation-based learning.
If you want stronger pricing judgment, more confident demand and inventory decision making, and practical tools you can apply immediately to improve revenue performance, you should choose Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate.
Many online programs deliver revenue-management content as passive videos and generic quizzes. The learning experience in Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate is designed to help you make better real-world decisions by combining Cornell faculty-developed content with applied projects, facilitated discussion, and tool-based practice that mirrors how revenue work actually happens.
You will do more than learn concepts; you will practice demand forecasting and controls, quantify price sensitivity, test segmentation and dynamic pricing approaches, evaluate the trade-offs of group business versus transient demand, and make smarter distribution decisions across OTAs and search. Across the program, you will use structured assignments and simulations to connect analysis to action, so your work product looks like something you could bring into a revenue meeting.
The result is a premium, human-centered online experience that stays flexible while still holding you accountable to produce practical outputs and build confidence in your pricing and demand decisions.
Plus, by enrolling in Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate, you get two years of access to Hospitality Symposium featuring two days of live, highly interactive virtual Zoom sessions that will explore today’s most pressing topics, giving you a unique opportunity to engage in real-time conversations with peers and experts from the Cornell community and beyond.
Enrolling in this certificate also provides you with a 6-month All-Access Pass to eCornell's live online AI Workshops, interactive sessions led by world-class Cornell faculty that combine Ivy League insight with practical applications for busy professionals. Each 3-hour Workshop features structured instruction, guided practice, and real tools to build competitive AI capabilities, plus the opportunity to connect with a global cohort of growth-oriented peers. While AI Workshops are not required, they enhance certificate programs through:
- Integrating AI perspectives across most curricula
- Responding to emerging AI developments and trends
- Offering direct engagement with Cornell faculty at the forefront of AI research
Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate is designed for hospitality professionals who influence pricing, inventory, and distribution decisions and want to strengthen their analytical and strategic decision making. The program is a strong fit if you are responsible for financial performance and need a more rigorous way to evaluate demand, set prices, and manage channel strategy.
You are a good match if you are:
- A general manager
- A revenue manager
- A marketing manager
- A hospitality professional responsible for your organization’s financial performance
Because the work is hands-on and spreadsheet driven, you will benefit from comfort with using Excel and a willingness to work with data to make and defend decisions.
Your project work in Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate is designed to look like the decisions you make on the job, with structured submissions that build from analysis to recommendation. You will complete projects such as:
- Building price and inventory decisions using demand controls and upgrade or upsell logic, then using Excel Solver to optimize multiple constraints in a hotel scenario
- Evaluating a real pricing decision using breakeven analysis, then estimating price elasticity with regression and reflecting on outcomes through a competitive pricing simulation
- Monitoring and recording real-world hospitality prices over multiple days, then analyzing variable pricing, rate fences, and dynamic pricing patterns using booking-curve concepts
- Quantifying the displacement impact of a potential group booking, calculating break-even negotiated rates (including the effect of ancillary profit), and forecasting group materialization to inform overbooking or under-allocation decisions
- Assessing online distribution performance by analyzing OTA influence and designing practical SEO and SEM keyword and bidding recommendations tied to conversion goals
Throughout the Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate, you will be encouraged to mask or obscure sensitive company information when you apply these frameworks to your own organization’s context.
Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate equips you to make more credible, data-informed pricing and demand decisions that can strengthen your impact in revenue, sales, marketing, and hotel leadership roles.
After completing the Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate, you will be prepared to:
- Apply demand chart methodology to set pricing strategies that respond to changing market conditions and occupancy needs
- Use optimization tools to analyze the effects of multiple resource controls, helping you make trade-offs that protect profitability
- Apply price sensitivity tactics to make pricing decisions that boost competitive positioning and guest value perception
- Use price elasticity and regression analysis to identify the optimal price points for maximizing overall revenue
- Leverage variable pricing to target different customer segments and drive higher conversion within each audience
- Apply dynamic pricing and price optimization to respond quickly to shifts in demand, competitor rates, and booking patterns
- Balance group bookings and transient customers to maintain desirable occupancy and revenue mix
- Account for group arrival uncertainty to minimize risk and maximize room utilization
- Make strategic use of online travel agencies to expand reach while managing commission costs
- Leverage search engine marketing strategies to attract high-value guests directly and reduce reliance on intermediaries
Students who complete the program commonly report long-term benefits that include greater confidence in data-informed pricing choices, stronger ability to think strategically about revenue management, and practical tools they can bring back to their teams immediately. Learners also highlight that the experience is clearly taught, highly job relevant, and built around hands-on optimization and realistic scenarios, including distribution and online visibility considerations that affect demand.
In addition, because eCornell represents the pinnacle of premium online professional education, participants in eCornell's programs often experience long-term career transformation such as promotions to more senior roles, salary increases, improved networking opportunities, and successful career transitions.
Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate, which consists of 5 short courses, is designed to be completed in 3 months. Each course runs for 3 weeks, with a typical weekly time commitment of 3 to 5 hours.
In practice, you get flexibility without feeling like you are learning alone. Most of your work can be completed asynchronously on your schedule, and you still have structured deadlines, facilitated discussion, and feedback that help you stay on track. Live touchpoints may be available to deepen learning, but the core work is built to fit around a full-time role.
Students in Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate often describe it as a highly practical, clearly taught program that strengthens their ability to make smarter pricing and demand decisions in hospitality, using hands-on tools and realistic scenarios they can apply immediately at work. They frequently highlight the balance of rigorous concepts with engaging, interactive learning that keeps the experience motivating and job relevant.
Common themes students mention include:
- Realistic simulations that mirror hotel pricing, forecasting, and distribution decisions
- Clear frameworks for understanding price sensitivity, segmentation, and demand strategy
- Hands-on revenue optimization work using spreadsheets and analytical tools for decision making
- Practical focus on channels like OTAs and online visibility and how they impact performance
- Step-by-step guidance that makes complex revenue management concepts approachable
- Projects and assignments that translate directly to real workplace scenarios
- Strong facilitator presence, with timely, personalized feedback
- A well-organized, structured course flow that is easy to follow
- Variety of learning formats, including short videos, readings, quizzes, exercises, and live touchpoints
- Flexible online pacing that fits alongside a demanding professional schedule
Overall, students say Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate helps them think more strategically about revenue management, build confidence in data-informed pricing choices, and bring new tools and perspectives back to their teams right away.
You will use practical, industry-relevant tools in Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate, with a strong emphasis on spreadsheet-based decision making.
You can expect to work with:
- Microsoft Excel, including the Solver add-in for optimization-based revenue decisions
- Regression and data analysis workflows in Excel to estimate price sensitivity and demand response
- An interactive, web-based pricing simulation to practice competitive pricing decisions
- Tableau (optional) for data visualization and presentation of performance insights
Because Solver functionality is required for some of the optimization exercises, access to Microsoft Excel is important for success in the program.
Realistic practice is built into Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate, so you can move from concept to confident decision making.
You will work through scenarios and cases that reflect real revenue trade-offs, such as valuing the “last room,” deciding when to protect inventory for higher-yield demand, managing length-of-stay restrictions, and evaluating group business displacement. You’ll also participate in a competitive pricing simulation that asks you to set prices across different online channels, and you’ll analyze real-world distribution dynamics that influence how travelers find and book hotels online.
This combination of cases, simulation, and applied analysis is designed to help you practice the same reasoning you need when explaining pricing and demand recommendations to stakeholders.
A strong starting point for Cornell’s Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate is professional exposure to hotel performance goals and pricing or distribution decisions, even if you have not had formal revenue-management training. The program is analytical, but it is taught in a step-by-step way that helps you build capability through guided exercises, practical frameworks, and repeated application.
You don’t need to be a programmer to succeed in the Advanced Hospitality Revenue Management: Pricing and Demand Strategies Certificate program. You will, however, want to be comfortable working in Excel, interpreting data, and using structured methods to support decisions like rate availability, segment strategy, displacement trade-offs, and online channel investment. If you are willing to practice, the course activities are designed to make advanced concepts approachable through examples, templates, and feedback.
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Advanced Hospitality Revenue Management: Pricing and Demand Strategies
| Select Payment Method | Cost |
|---|---|
| $3,750 | |

