Revenue Manager

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

Job summary

A leading hospitality company in Makkah Region seeks a Revenue Manager to optimize revenue strategies and pricing. The role involves analyzing market trends, managing inventory, and collaborating with marketing teams. Candidates should have a proven track record in revenue management, excellent analytical skills, and the ability to lead a team. Join us to enhance profitability and shape our pricing models.

Qualifications

• Proven experience in revenue management within the hospitality industry.
• Strong analytical skills with the ability to interpret data and make recommendations.
• Excellent communication and interpersonal skills.

Responsibilities

• Develop and implement revenue management strategies.
• Analyze market trends and competitor pricing.
• Forecast future demand and revenue.

Skills

Revenue management

Data analysis

Forecasting

Market trend analysis

Relationship management

Tools

Revenue management software

Job description

Overview

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.