Revenue Manager

Novotel Hotels; Dammam; On-site; SAR 150,000 - 200,000; Full time

Job summary

An international hotel group is seeking a Revenue Manager for their Dammam location. This role involves optimizing revenue across all channels and developing strategy to meet the hotel's financial goals. Candidates should have a Bachelor's degree in Hospitality Management and proven revenue management experience within luxury hotels. The position offers opportunities for professional development and participation in corporate social responsibility initiatives.

Benefits

Employee benefit card for discounted rates worldwide

Learning programs through our Academies

Opportunities for talent development

Qualifications

• Degree in Hospitality Management, Business Administration, or related field.
• Experience in revenue management within luxury or 5-star hotels.
• Proficiency in revenue management systems and data analytics.

Responsibilities

• Develop and execute revenue management strategies.
• Analyze market trends and competitor performance.
• Implement pricing strategies to maximize revenue.

Skills

Analytical skills

Communication

Strategic thinking

Education

Bachelor's degree in Hospitality Management

Master's degree preferred

Tools

Revenue management systems

Job description

Company Description

Join a hotel that is a member of the Accor network, which brings together more than 45 brands, 5,500 hotels, 10,000 restaurants, and lifestyle destinations. We believe in you and what you bring to the table. There are many opportunities for development and advancement. Every gesture, smile, and action contributes to creating a positive and memorable impact for our customers, colleagues, and our planet. Together, we embody the vision of responsible hospitality.

Take the opportunity to become a Heartist, and let your heart guide you in this dynamic world.

Job Description

As a Revenue Manager, you will be responsible for maximizing revenue and optimizing profitability across all revenue streams. You will develop and implement strategies to ensure the hotel meets its financial goals while maintaining its reputation for excellence in hospitality.

What’s In It For You

• Employee benefit card offering discounted rates worldwide within the Accor network
• Learning programs through our Academies
• Opportunities to develop your talent and grow within your property and globally
• Participation in our Corporate Social Responsibility activities, such as Planet 21

What You Will Be Doing

• Develop and execute revenue management strategies to drive growth and meet financial targets
• Analyze market trends, competitor performance, and economic factors to inform pricing and inventory decisions
• Implement dynamic pricing strategies to maximize RevPAR and other KPIs
• Manage distribution channels including direct bookings, OTAs, GDS, and other partners
• Monitor channel performance and adjust strategies to optimize revenue and control costs
• Negotiate contracts with distribution partners to enhance visibility and reach
• Create accurate revenue forecasts based on data, trends, and upcoming events
• Collaborate with department heads to set budgets and revenue targets
• Track performance against goals, identify variances, and implement corrective actions
• Use data analytics tools to gain insights and identify revenue opportunities
• Prepare reports for senior management with key metrics, trends, and recommendations
• Work closely with sales, marketing, and operations to align strategies
• Support department heads in revenue initiatives and foster a culture of revenue excellence

Qualifications

• Bachelor's degree in Hospitality Management, Business Administration, or related field; Master’s preferred
• Proven experience in revenue management within the hospitality industry, preferably in luxury or 5-star hotels
• Strong analytical skills and proficiency with revenue management systems and analytics tools
• Excellent communication and interpersonal skills for effective collaboration
• Strategic and creative thinking to develop innovative revenue strategies
• Track record of achieving targets and driving profitability
• Knowledge of industry trends, market dynamics, and emerging technologies

Additional Information

Your Team and Working Environment

In 1-2 sentences, introduce the team, property, or office environment, highlighting the culture.

Our Commitment To Diversity & Inclusion

We are an inclusive company committed to attracting, recruiting, and promoting diverse talent.