Revenue Manager
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Job Location:
Monthly Salary:
Posted on:
3 hours ago
Vacancies:
1 Vacancy
Job Summary
Prime Function:
- Is responsible for the implementation of RM methods in a dedicated hotel in order to maximize the turnover in accordance with hotel strategies brands marketing and customers needs.
- Is responsible for having all the revenue management processes in place in the hotel he/she implements the GMs strategy on daily basis updates planning quotes groups and alerts GM when market deviates from strategy.
- Is in charge of helping to reach and beat the operational turnover budget of the hotel.
- Support the GM in the creation of the strategy (with proper analysis) and to work effectively with the implemented revenue management system. Furthermore to implement the strategy based on the daily recommendations in the distribution channels as well as the daily check of the system recommendations for sense and provide complementary or revised proposals for optimization.
Key Responsibilities:
Collection
- Communicate the processes to follow in terms of booking quality and correct data input into the PMS toward the reservation and front office team;
- Regularly checks the input and the quality of data (segmentation denials tracking etc);
- Update the event database (e.g. in RMS).People Management.
Analysis
- Analyze the hotel performance in the RMS as a basis for strategy decisions;
- Survey the market the competitors in terms of pricing and closed dates as a basis for future pricing strategies;
- Analyze the contract performance (price allotments number of rooms sold etc) before decisions on renewals are taken.
- Act as a support in the preparation of the annual revenue budget.
Decision
- Provide proposals for the adaptation of the long-term and short-term hotel strategy (day types ideal mix RML ranking price points triggers sales conditions etc) on the basis of the analysis done previously;
- Calculate availability and minimum rate for the requests by using group quotation;
- Providing dynamic forecasts compared to the strategy of the GM and budget.
Other Terms & Conditions
- a. During the course of your employment with the Hotel you may be required to stay back or work extended hours as and when the need arises during hotel operations against the responsibility assigned to you.
- b. You might be required to do night shifts or be flexible to work in any shift as per the requirement of the department or the hotel.
Qualifications :
Additional Information :
- 5-7 years of experience in revenue management roles.
- Proven ability to work independently while also thriving in collaborative team environments.
- Exceptional analytical skills and ability to make strategic decisions that enhance revenue growth.
- Proficient in revenue management principles.
- Ideas Revenue Management Platform experience highly desirable.
- A collaborative forward-thinking mindset with a passion for elevating revenue management as a respected and valued community of practice with key internal and external stakeholders.
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
