Revenue Manager
4 weeks ago
The Revenue & Distribution Manager is a key role in maximizing revenue and ensuring effective pricing, inventory management, and strategic analysis in line with both property and company standards.
Key Responsibilities:- Pricing & Inventory Management:
- Oversee pricing strategies and inventory management to ensure alignment with company standards and policies.
- Regularly review business performance across managed properties, including analyzing rates, inventory, competitor performance, booking pace, and sales strategies to optimize revenue and RevPAR.
- Revenue & Market Analysis:
- Conduct regular analysis of market trends, competitive positioning, and industry changes to identify revenue opportunities.
- Implement strategies to drive revenue generation and market share growth, contributing to overall profitability.
- Actively manage and evaluate revenue management system decisions, ensuring optimization of revenue outcomes.
- Direct Booking & Online Distribution:
- Collaborate with the loyalty program team to improve the property's direct booking performance.
- Manage and oversee the online distribution strategy for all sales channels, ensuring effective digital presence and rate competitiveness.
- Ensure rate parity and monitor the competitiveness of pricing across all channels.
- Forecasting & Budgeting:
- Provide and update monthly revenue forecasts, contributing to accurate financial planning for managed properties.
- Participate in the annual budget and rate rationalization exercises, ensuring strategic alignment with revenue targets.
- Collaboration & Stakeholder Management:
- Provide timely, data-driven advice to the Sales Team on sales quotations and strategies.
- Liaise with industry partners to remain updated on market developments and competitive trends, ensuring the company remains agile and responsive to changes.
Requirements:
- Minimum Diploma or Bachelor's degree in Hotel Management, Tourism, or Economic Studies.
- At least 5 years of relevant experience in revenue management, pricing, or distribution within the hospitality industry.
- Strong knowledge of the hospitality markets in Singapore, Australia, China, and Indonesia.
- Proficiency in MS Office applications and hotel management systems.
- Excellent communication, presentation, and interpersonal skills.
- Strong analytical and commercial mindset, with the ability to maintain confidentiality.
Gemini Personnel Pte Ltd EA License number: 23s2015 | EA Registration number: R24120181
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