Revenue Manager
Revenue Manager
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Salary Not Disclosed
1 Vacancy
Job Description
As Revenue Manager you will set and effectively communicate the hotel pricing strategy by market segment with reference to market intelligence buying patterns and pre-determined you will actively participate in the production of the hotels annual budget and assist in the creation update and evaluation of the hotel sales and marketing plan. You will be responsible for ensuring available technology (PMS & RMS) is fully utilized and understood according to the property specific business mix and requirements and to ensure optimal use. You will then measure performance on all distribution channels to ensure that fair market share is well achieved. Key areas of responsibility include:
- To prepare weekly accurate 3 months forecast for hotel rooms revenue by Market Segment.
- To prepare monthly accurate rolling 12 months forecast for hotel rooms revenue by Market Segment.
- To set and effectively communicate the hotel pricing strategy by market segment with reference to market intelligence buying patterns and pre-determined seasonality.
- To prepare and chair a weekly Revenue Meeting.
- Collate and distribute meeting minutes of notes on forecast and strategy changes including weekly action plan.
- Set monthly targets of upselling revenue for front office and reservations department.
Revenue Optimization:
- Help optimize room inventory and pricing to maximize hotel revenues.
- To continuously manipulate availability & rates while ensuring parity across all distribution channels. This allows maximum flexibility to capture all market buying patterns while optimising REVPAR.
System Support & Maintenance:
- Provide support in the management and maintenance of the Revenue Management Systems (RMS) and ensure data accuracy.
- Assist with troubleshooting system-related issues and coordinate with IT or external vendors for resolution
Training & Development:
- Assist in training hotel teams on revenue management tools systems and strategies.
- Stay updated with the latest trends tools and techniques in revenue management and share knowledge with the broader team.
Collaboration & Communication:
- Work closely with the hotel(s) general managers S&M front-office Food & Beverage and Spa & Wellness teams to ensure that revenue strategies are effectively implemented at the property level.
- Communicate performance insights and recommend adjustments to hotel teams and regional leadership.
Qualifications :
- Bachelors degree in Hospitality Business or related field.
- 3-5 years of experience in a revenue management role within the hospitality industry.
- Proficient in revenue management systems (e.g. Opera IDeaS STR or similar).
- Strong analytical skills with the ability to interpret complex data and provide actionable insights.
- Excellent communication and collaboration skills.
Technical Skills And Knowledge
- Strong numerical and analytical skills.
- Ability to multitask and prioritize in a fast-paced environment.
- Attention to detail and accuracy.
- Familiarity with hotel operations and distribution channels.
- Proficiency in Excel and other analytical tools.
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
