Revenue Executive

1 week ago


Singapore NEW PARK PROPERTY PTE. LTD. Full time
Roles & Responsibilities

The Revenue Executive will work alongside the Director of Revenue to implement and use Revenue Management methods, processes and tools to maximize the revenue. He/she will work closely with the operations team and marketing team, to establish strategies in order to maximize revenues.


· Support the Director of Revenue to define the hotel strategy (in terms of business mix and pricing by season and type of day) for the future periods

· Run daily and monthly reports and analyze the hotel(s) and rooms results and performance (e.g. average rates, occupancy rates, RevPAR).

· Gather and analyze competitive intelligence to derive insights about the competitive environment and business trends to improve competitive decision making and further the marketing objectives

· Proactively innovate ways to increase the hotel’s ancillary revenue

· Monitor room inventory and strategize to improve the paid occupancy and ARR of room types

· Survey the market and competitors in terms of performance (e.g. RevPAR Index, market penetration), pricing and availability as a basis for future tactical decisions with the Hotel(s) GMs.

· Ensure an accurate and dynamic forecast for the future dates (by room and revenue by segment and day) based on the RM referenced systems recommendations and a daily monitoring of the data (portfolio, booking pick-up, events, and calendar events).

· Take daily decisions to optimize the hotel turnover. Decisions in terms of pricing, inventory management (RMLs open/close), group quotation, distribution channels... Ensure that recommendations are implemented in reservation and reception, and that systems (PMS, TARS, RMS) are updated accordingly.

· Manage OTAs and ensure compliance and parity across all channels

· Work closely with Reservations, Sales and Front Office to ensure hotel objectives are met

Ensure that a “RM culture” is spread in the hotel, through the animation of weekly yield and regular coaching/ training sessions for the hotel teams



Tell employers what skills you have

Coaching
Front Office
Revenue Management
Inventory
Strategy
Inventory Management
General Ledger
Competitive Intelligence
Decision Making
Pricing
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