Revenue Manager

Millennium Hotels and Resorts MEA; Makkah Al Mukarramah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading hotel in the Makkah Region is looking for a Revenue Manager to optimize revenue strategies and pricing models. The ideal candidate will analyze market trends, manage room inventory, and collaborate with sales to drive revenue growth. A proactive approach towards challenge management and effective decision-making is required.

Qualifications

• Experience in revenue management within the hospitality industry.
• Strong analytical skills to interpret market data.
• Ability to collaborate effectively with sales and marketing teams.

Responsibilities

• Develop and implement revenue management strategies to achieve revenue goals.
• Analyze market trends and competitor pricing for informed pricing decisions.
• Collaborate with sales and marketing teams for revenue growth.

Skills

Revenue Management

Market Analysis

Forecasting

Pricing Strategies

Data Analysis

Tools

Revenue Management Software

Job description

As the Revenue Manager, 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.