Revenue manager
1 day ago
Job Summary
Implement revenue management strategies and processes in the Hotel in order to optimize and maximize its revenue.
Job Responsibilities:
Oversee revenue management and distribution strategy of the hotel and manage the day to day field operations.
Conduct daily pick-up analysis, strategy adjustments and reporting.
Perform competitive benchmark studies and follow market trends.
Create and maintain a 13-month rolling demand calendar.
Create and develop pricing strategies in conjunction with the individuality of each hotel.
Provide a weekly dynamic forecast of expected results, variances and budget comparisons.
Manage and oversee strategy for all 3rd party distribution.
Responsible for assessing, analysing and pricing group business strategies
Analyze overall monthly hotel performance and provide the summary report with recommendations to improve long-term strategies.
Ensure all related systems are configured correctly, validated and working to full capacity.
Work in liaison with hotel sales and reservations departments as a team.
Regularly check the input and the quality of data (segmentation, denials tracking, etc) points.
Conduct quarterly property performance review and develop a strategic and tactical action plan.
Responsible for best practice standards including competitor analysis; environmental scanning; market modelling; distribution yield management; business mix yield management; length of stay yield management; inventory availability by channel; pricing control and new pricing concepts.
Evaluate performance of distribution partners and contracted rates (OTA, FIT, tour operator, corporate, consortia, crew, groups, etc...).
Reduce the cost of distribution by finding new less expensive means of delivering business.
Prepare an outline for and support the annual revenue budget process.
Inspire Hotel’s HODs to further embed a revenue management culture.
Job Requirements:
Demonstrate a good working relationship with other departments with a high level of communication and co-operation in the interests of service and overall improvement in the working conditions at the Hotel.
Strong communication and presentation skills required.
Proficiency in MS Office applications and Hotel systems.
Excellent Interpersonal skills.
Highly analytical and commercial minded.
5 years of hands-on Hotel Revenue Management experience.#J-18808-Ljbffr
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