Revenue Manager
$5000-$8000
5 days and work in office
Job Summary:
-Attractive salary, benefits package
-Warm & friendly working culture
-5 days work week
Summary:
The Revenue Manager is responsible for maximizing the hotel's revenues by developing and implementing effective pricing strategies, forecasting demand, and managing inventory. This role requires a thorough understanding of the hotel market, including trends, competition, and guest preferences. The Revenue Manager will work closely with the sales, marketing, and operations teams to ensure that revenue goals are met and exceeded.
Key Responsibilities:
Revenue Strategy and Analysis:
• Develop and implement pricing strategies for the Hotels to maximize revenue and market share.
• Analyze market trends, competitive set, and economic indicators to make informed pricing decisions.
• Conduct regular revenue meetings to review performance and adjust strategies as needed.
• Establish positive relationships with OTA partners to enhance the hotel’s visibility and ranking on the OTA platforms.
Forecasting and Budgeting:
• Prepare accurate and timely forecasts for room occupancy, average daily rate (ADR), and revenue per available room (RevPAR).
• Assist in the preparation of the annual budget and monitor performance against budgetary goals.
• Identify and analyze deviations from the forecast and recommend corrective actions.
Inventory Management:
• Manage room inventory to maximize revenue opportunities and minimize overbooking and cancellations.
• Implement and oversee yield management techniques to optimize room rates and occupancy levels.
• Monitor and adjust room availability across all distribution channels.
Collaboration and Communication:
• Work closely with the sales and marketing teams to develop promotional strategies and packages.
• Communicate revenue management strategies to the front office, reservations, and sales teams.
• Collaborate with the finance department to ensure accurate reporting of revenue data.
Reporting and Technology:
• Utilize revenue management software and tools to analyze data and generate reports.
• Prepare and present regular reports on key performance indicators (KPIs) to senior management.
• Stay updated on industry trends and advancements in revenue management technology.
Qualifications:
• Diploma in Hospitality Management, Business Administration, or a related field.
• Minimum of 3-5 years of experience in revenue management, preferably in the hotel or co-living industry.
• Strong analytical skills and proficiency in revenue management software and tools.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Detail-oriented with strong organizational and time management skills.
