Revenue Manager
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Job Location:
Dhahran - Saudi Arabia
Monthly Salary:
Not Disclosed
Posted on:
14 hours ago
Vacancies:
1 Vacancy
Job Summary
As a Revenue Manager you will be entrusted with the responsibility of maximizing revenue and optimizing profitability across all revenue streams. You will play a pivotal role in developing and implementing strategies to ensure the hotel achieves its financial objectives while maintaining its esteemed reputation for excellence in hospitality.
Whats in it for you:
- Employee benefit card offering discounted rates in Accor worldwide
- Learning programs through our Academies
- Opportunity to develop your talent and grow within your property and across the world!
- Ability to make a difference through our Corporate Social Responsibility activities like Planet 21
What you will be doing:
- Develop and execute comprehensive revenue management strategies to drive revenue growth and achieve financial targets
- Analyze market trends competitor performance and economic factors to make informed pricing and inventory decisions.
- Implement dynamic pricing strategies to maximize revenue per available room (RevPAR) and other key performance indicators.
- Oversee distribution channels including direct bookings online travel agencies (OTAs) global distribution systems (GDS) and other distribution partners.
- Monitor channel performance and adjust distribution strategies to optimize revenue and minimize distribution costs.
- Negotiate contracts and partnerships with distribution partners to enhance the hotels visibility and reach.
- Develop accurate revenue forecasts based on historical data market trends and upcoming events.
- Collaborate with department heads to establish annual budgets and revenue targets.
- Monitor performance against budget and forecast identifying variances and implementing corrective actions as necessary.
- Utilize data analytics tools to extract insights and identify revenue optimization opportunities.
- Prepare regular reports and presentations for senior management highlighting key performance metrics trends and actionable recommendations.
- Collaborate closely with sales marketing and operations teams to align revenue strategies with overall business objectives.
- Provide guidance and support to department heads in implementing revenue optimization initiatives.
- Foster a culture of revenue management excellence throughout the organization.
Qualifications :
- Bachelors degree in Hospitality Management Business Administration or related field (Masters degree preferred).
- Proven experience in revenue management or related roles within the hospitality industry preferably in luxury or 5-star hotels.
- Strong analytical skills with proficiency in revenue management systems and data analytics tools.
- Excellent communication and interpersonal skills with the ability to effectively collaborate with diverse teams.
- Strategic mindset with the ability to think creatively and develop innovative revenue strategies.
- Results-oriented with a track record of achieving revenue targets and driving profitability.
- Knowledge of industry trends market dynamics and emerging technologies in revenue management.
Additional Information :
Your team and working environment:
In 1-2 sentences introduce the team property or office environment in a way that reflects the culture
Note: Customization may be included for any specific local or legislative requirements such as work permits
Our commitment to Diversity & Inclusion:
We are an inclusive company and our ambition is to attract recruit and promote diverse talent.
Remote Work :
No
Employment Type :
Full-time
Key Skills
- ASC 606
- Hotel Experience
- Hospitality Experience
- GAAP
- Accounting
- Revenue Management
- Pricing
- Analysis Skills
- Salesforce
- SOX
- ERP Systems
- NetSuite
About Company
As a pioneer in the art of responsible hospitality, the Accor Group gathers more than 45 brands, 5,600 hotels, 10,000 restaurants, and lifestyle destinations in 110 countries. While each brand has its own personality, where you will be able to truly find yourself, they all share a com ... View more
