About The Role
The Revenue Manager will play a crucial role in optimizing the hotel’s revenue strategy and maximizing profitability. This position requires a strategic thinker with a strong analytical background, capable of leveraging data to drive decision-making processes. The ideal candidate will work closely with various departments, including Sales, Marketing, and Operations, to ensure alignment with revenue goals.
Key Responsibilities
Revenue Strategy Development: Develop and implement effective pricing strategies and yield management techniques to maximize revenue across all distribution channels.
Market Analysis: Conduct comprehensive market research and competitor analysis to identify trends and opportunities for revenue growth.
Forecasting: Prepare accurate forecasts for occupancy, average daily rate (ADR), and revenue per available room (RevPAR) to guide financial planning.
Reporting: Generate regular reports on revenue performance, analyzing key metrics and presenting findings to senior management.
Collaboration: Work closely with the Sales and Marketing teams to create promotional strategies that drive occupancy and enhance the hotel’s market presence.
Inventory Management: Optimize room inventory distribution across all channels, including direct bookings, OTAs, and GDS platforms.
Training & Development: Mentor and train staff on revenue management best practices and tools.
Qualifications
Previous experience as a Revenue Manager or similar position.
Pre-Opening experience is an advantage.
Minimum of 5 years of experience in revenue management within the hotel industry.
Strong analytical skills with proficiency in revenue management software and Microsoft Excel.
Excellent communication and interpersonal skills.
Proven ability to work collaboratively in a team environment.
Knowledge of current market trends and competitive landscape. and social media.
Preference will be given to local candidates.
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