Revenue Manager

Hyatt Corporation; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Revenue Manager to lead their hotel revenue management team. This role involves formulating pricing strategies, analyzing market data, and collaborating with sales and marketing teams to maximize revenue and market share. The successful candidate will oversee the revenue forecasting process and implement corporate initiatives while ensuring adherence to established standards. This is a fantastic opportunity for someone with a passion for hospitality and a knack for strategic thinking to make a significant impact in a dynamic environment.

Qualifications

• Minimum 2 years of experience in revenue management or similar roles.
• Strong analytical and problem-solving skills are essential.

Responsibilities

• Oversee hotel revenue management strategies to maximize revenues.
• Collaborate with sales teams to develop pricing and inventory strategies.

Skills

Revenue Management

Analytical Skills

Interpersonal Skills

Problem-Solving

Education

Certificate in Revenue Management

Diploma in Hospitality Management

Job description

Summary

Oversee and guide the hotel revenue management team to formulate transient and group inventory restrictions and pricing strategies towards the goal of increasing market share and maximizing revenues for the hotel.

Implement hotel sales strategy and pricing recommendations across all channels, Hyatt revenue systems, and market segments.

Analyze results of strategies and tactics deployed on a monthly basis. Provide all communication necessary to hotel teams, regional teams, and ownership groups.

Responsible for executing Hyatt corporate revenue management initiatives and maintaining the standards outlined in the Americas Revenue Management Standards and Procedures manual.

Manage the relationship with each of the four major OTA market managers to ensure that the hotel is maximizing revenue and marketing exposure from each of our top partners.

Create the revenue forecasting process for the hotel to ensure that the accuracy of each forecast falls within Hyatt standards. This includes the 11-day, Monthly, and Annual forecasts as needed. Prepare the Annual Budget for the hotel.

Collaborate with the hotel Director of Sales to develop and implement group pricing and inventory strategies for the entire group-booking cycle.

Develop pricing strategy for the business/leisure travel sales team based on demand projections and competitive shops. Partner with the Director of Sales to ensure that hotel strategy is implemented on an account-by-account basis.

Partner with the hotel’s Directors of Sales/Marketing to develop and implement the hotel SEO/SEM goals in conjunction with TIG/Milestone. Focus the teams on tactics that produce the highest revenue and return on investment.

Facilitate and lead weekly hotel Sales Strategy meetings in accordance with Hyatt Revenue Management standards.

Facilitate Daily Business Review meetings in accordance with Hyatt Revenue Management standards. Review all bookings that fall out of established booking guidelines and provide feedback and recommendations.

Qualifications

Ideally with a certificate or diploma in Revenue Management or Hospitality/Tourism Management. Minimum 2 years work experience in a similar position. Good problem-solving, administrative, and interpersonal skills are a must.