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Revenue Optimization Specialist

2 weeks ago

Singapore beBeeAnalytical Full time

Revenue Optimization Specialist

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  • We are seeking a Revenue Optimization Specialist to join our team.

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Key Responsibilities:

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  1. Collects, processes and interprets data to provide insights that support business decision-making. Work with various data sources, identify gaps & trends communicate findings through reports and visualizations

  2. Data driven role supports revenue growth through analysis, system optimization, market share and profits for our hotels by monitoring key leading indicators of hotel performance and external intelligence sources

  3. Evaluate hotel performance goals, provides actionable insights from data that will aid in making informed decisions; to put relevant revenue management strategies in place to set profitable rate, to improve performance and achieve business goals

  4. Assist in developing pricing models, forecasting revenue goals, and implementing effective revenue management plan to increase hotel revenue and profitability

  5. Ensure hotel strategies are consistent with demand factors, promote integrity and protect long term customer value; through effective management of rate levels, stay restrictions and other tactics across channels

  6. Conduct rate audits to ensure responsible distribution across authorized channels

  7. Establish a sense of urgency with the hotels RO team to understand their needs to close business gaps promptly

  8. Collaborate and evaluate potential partnerships with marketing team to manage funnel from awareness phase to purchase

  9. Identify opportunities and lead projects to drive incremental revenue initiatives across portfolio of hotels

  10. Analyse data and evaluate segment mix, room type demand, channel production and feeder markets, recognizing trends and patterns

  11. Benchmark performance against market and convert to clear & concise result-oriented action plan

  12. Prepares weekly, monthly reports, visual-aid presentations

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Requirements:

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  • Minimum 3 years of relevant experience in revenue management preferred

  • Fresh graduates are welcome to apply

  • Bachelor's Degree, Diploma or Postgraduate Diploma preferred with focus in Data Science, Economics, Business, Finance, or Statistics preferred

  • Experience using hotel industry or travel industry RMS, PMS systems, is a plus

  • Effective written, verbal communication, and presentation skills

  • Ability to take initiative to identify, prioritize and implement strategies

  • Good analytical skills and ability to translate and present metrics into actionable proposals

  • Highly proficient in Excel; experience with business intelligence/reporting tools to pull data and reports

  • Ability to clearly articulate findings and recommendations

  • Good data visualization skills and proficiency in creating clear and informative visualizations using tools like Power BI

  • Good project/time management, and organizational skills

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What We Offer:

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Local package will be offered to successful candidate.

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Join Our Team:

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We're looking for talented individuals who are passionate about optimizing revenue and driving business growth. If you're a motivated and results-driven professional, we want to hear from you

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Seniority Level: Entry level
Employment Type: Full-time
Job Function: Finance and Analyst
Industries: Hospitality

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