Revenue Manager

Job Summary

We are looking for a passionate and experienced revenue manager ready to take their career to the next level: drive revenue growth across our iconic hotels and brands optimize pricing strategies and channel performance build best practices and work with sector-leading technology.

As Revenue Manager you will collaborate closely with Sales Marketing and Reservations teams including Sales Marketing and Reservations to optimize our revenue performance across a property and achieve our business goals.

You will formulate and execute revenue strategies identify market trends and collaborate closely with the executive team on forecast and pricing. You will be a contributor to our revenue management community of practice internally and externally mentor junior team members and receive learning and development support as you grow your career.

You will;

• Oversee revenue management strategies for the property.
• Ensure consistent pricing and revenue strategy.
• Conduct market analysis and performance benchmarking.
• Lead the weekly/bi-weekly Revenue Management meetings providing insights based on reporting data.
• Develop topline revenue forecasts and actively seek opportunities to drive incremental profit across all revenue centres of the business.
• Conduct regular performance reviews and optimize pricing and inventory.
• Mentor coach and develop junior team members in revenue management practices.
• Collaborate with senior management sales finance and front office teams to align strategies with business goals.
• Ensure reservations are well managed and coordinate with the reservations team.
• Drive market share in your competitive set and ensure all systems are adequately used to optimize RevPAR.
• Leverage your knowledge of the distribution landscape including online travel agencies and distribution networks to optimize hotel profits.
• Responsible for data quality and system hygiene of Revenue Management and Distribution applications; platforms and tools used by the hotels.
• Maximize room revenue profit and market share associated with rooms.
• Optimizing the hotels and RGI (Revenue
  Generation Index measuring the hotels position as compared to the competition)
  sales revenue.
• Supports the budgetary process and the yearly strategy.
• Devises the yearly budget per segment determines sales strategy.
• Develops and steers the hotels Revenue strategy.
• Prepares forecasts and chairs the Revenue meeting.
• Updates rates and restrictions throughout all distribution channels.
• Collects integrates and studies market and competition data on a daily basis.
• Maintain the revenue reporting system and analyse reservation patterns.
• Be aware of the strengths and weaknesses of all competing hotel and restaurant
  products and provide regular updates after visiting competition hotels allocated for
  tracking purposes.
• Provide ongoing market intelligence by monitoring business sources and segments.
• Assist the DOS in pursuing new market segments to secure sales and prepare
  proposals for consideration.
• Ensure that revenues and / or cost controls are maximized through proactive actions
  rather than reactive management.
• Report on trends in the industry and local markets.
• Conduct the hotels revenue meetings as scheduled.

Qualifications :

- Minimum 2 years of experience in a revenue manager role.

- Previous working experience in Red Sea destinations (Sharm El Sheikh / Hurghada)

- Strong background in resort revenue management and reservations including forecasting budgeting pricing strategies and market analysis

Remote Work :

Yes

Employment Type :

Full-time

Key Skills

• ASC 606
• Hotel Experience
• Hospitality Experience
• GAAP
• Accounting
• Revenue Management
• Pricing
• Analysis Skills
• Salesforce
• SOX
• ERP Systems
• NetSuite

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