Hospitality jobs in United Arab Emirates

Headquartered in Dubai, UAE, The First Group is a dynamic, integrated global property developer with a fast-growing portfolio of upscale hotels, residential properties, F&B brands and real estate asset management services. Since our launch in 2005, we have carved a highly successful niche offering unrivalled property investment opportunities in high-growth markets to clients from more than 70 countries worldwide.

We were among the first developers to identify the tremendous potential in providing private investors the opportunity to purchase hotel guestrooms, suites and serviced apartments in our collection of upscale properties located in highly popular locations across Dubai. We back up our success with a list of International Property awards along with strategic partnerships with companies such as Wyndham Hotel group, Millennium Hotels, Emirates Airlines and Jumeirah Hotels and Resorts.

To successful candidates, we offer a diverse progressive corporate working environment with clear growth potential along with award-winning sales & marketing tools, a state-of-the-art showroom featuring Dubai’s only virtual helicopter tour and endorsements from a number of international sporting celebrities.

The Manager – Hotel Asset Management is responsible for a portfolio of hotels to create asset value by executing an investment strategy focusing on revenue management, cost optimization, and CAPEX projects. The candidate will support the asset management department by providing strategic guidance to help hotels maximize performance and value. The candidate will also act as an Owner Rep, representing investor interests at the property level by assessing the strategies proposed by each hotel and monitoring their execution. The role also involves implementing ad-hoc projects, subject to each property and the company's requirements.

• Design and control a continuous, proactive selling strategy and action plan that will drive the optimization of hotel profits.
• Thorough understanding of all factors affecting markets and submarkets and their impact on the portfolio, including a strong sense of demand generators, revenue management, sales process, and yield strategies to maximize top-line performance.
• Prepare and deliver standard market and operations reports weekly, monthly, and quarterly and ensure they are accurate and timely.
• Maintain current information on demographics, changes in demand and supply, and all markets that impact the hotels' performance and positioning.
• Support hospitality assets yield efforts via analysis and reporting that ensure that all segments and distribution channels are mined for revenue opportunities based on budget, forecast, pace, and market demand.
• Understand market dynamics and monitor competitor pricing to grow revenue.
• Review generated revenue forecasts for all assets and challenge property revenue team.
• Understand, investigate, and extract data from any relevant system needed for problem-solving and analysis.
• Collaborate with every hotel team to ensure aligned direction.
• Ensure revenue growth and achievement of budgeted targets in RevPAR and RGI market penetration.
• Assess strategy for all 3rd party distribution.
• Provide a weekly BOB analysis, dynamic forecast of expected results, variances, and budget comparisons with recommendations to improve strategies.
• Evaluate the performance of distribution partners and contracted rates.
• Conduct monthly property business performance reviews to develop an action plan.
• Review and critique operator yearly revenue budgets.

• Review and analyze reporting and operating budgets.
• Conclude review on ongoing and detailed loss and profit statement reports on assigned assets.
• Demonstrated ability to act as an owner daily to achieve each investment's goals.
• Lead and execute the investment strategy and take ownership of how to execute that strategy best.
• Exceptional financial modeling, analytical, and research skills with meticulous attention to detail.
• Review and manage operating budgets, capital budgets, and marketing plans.
• Drive operating partners and hold them accountable in efforts to maximize profitability.
• Identify and execute value enhancement opportunities.
• Develop and lead capital improvement projects that provide attractive returns on investment.
• Identify risks to the portfolio and lead efforts to mitigate such risks.
• Regular property visits to proactively manage and facilitate strategy execution.
• Keep informed of hotel industry trends and how such trends may impact the company’s portfolio.
• Perform financial projections, forecasts, and due diligence for potential acquisitions.

• Bachelor’s degree in hospitality administration, revenue management, finance, or a related field.
• MBA is a plus.
• Experience of 5+ years in either asset management, revenue management, or finance.
• Revenue Management experience is a plus.
• Ability to manage multiple team members.
• Exposure to 4-star and 5-star properties.
• Experience with large inventory properties.
• UAE work experience and Dubai market exposure.
• Proven and strong analytical and technical skills with high proficiency in Excel and other Microsoft Office programs.
• Strong knowledge of market dynamics and hotel technology, including Revenue Management Systems, Hotel Reservation Systems, and Distribution Systems.
• General understanding of hotel operations, the lodging industry, real estate markets, trends, and the key metrics that define them.
• Possess practical experience in asset management, revenue management, or finance functions and exposure to GCC markets.
• Must possess excellent written and verbal communication skills and can produce quality reports.