Revenue Manager

Millennium Al Barsha Hotel; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A premier hotel in Dubai is seeking a Revenue Manager to optimize revenue strategies and pricing models. The role involves developing revenue management strategies, analyzing market trends, and collaborating with sales teams to maximize profitability. Candidates should have strong analytical skills and experience in the hospitality industry. The position is crucial for driving revenue growth while ensuring competitive pricing and inventory management.

Qualifications

• Experience in revenue management within the hospitality industry.
• Strong analytical skills to interpret market data.
• Excellent communication and leadership skills.

Responsibilities

• Develop and implement revenue management strategies to achieve revenue goals.
• Analyze market trends, competitor pricing, and demand.
• Monitor room inventory across distribution channels.

Skills

Revenue management

Market analysis

Forecasting

Relationship management

Tools

Revenue management software

Job description

As the Revenue Manager at Millennium Atria Business Bay, you will play a pivotal role in optimizing the hotel's revenue strategies and pricing models. Your responsibilities include overseeing revenue management, forecasting, and pricing to maximize profitability and occupancy.

Key Job Responsibilities

• Develop and implement revenue management strategies to achieve revenue goals.
• Analyze market trends, competitor pricing, and demand to make informed pricing decisions.
• Monitor and manage room inventory and availability across distribution channels.
• Collaborate with sales and marketing teams to drive revenue growth through promotions and campaigns.
• Conduct regular revenue meetings to review pricing, demand forecasts, and market insights.
• Utilize revenue management software and tools to optimize pricing and inventory.
• Analyze historical data to identify patterns and trends for pricing and inventory control.
• Forecast future demand and revenue based on market analysis and historical data.
• Prepare and present revenue reports and performance metrics to senior management.
• Develop and maintain relationships with distribution partners and online travel agencies.
• Participate in budgeting and financial planning related to revenue.
• Train and mentor revenue management team members.
• Stay updated on industry trends and best practices in revenue management.
• Operate in a safe and environmentally friendly manner to safeguard the health and safety of guests and colleagues, as well as contribute to environmental conservation.
• Adhere to the company’s environmental, health, and safety procedures and policies.