Revenue Manager

Universal Group; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading hospitality company in Saudi Arabia is seeking an experienced Revenue Manager. The successful candidate will drive revenue growth through effective pricing strategies and market analysis. Responsibilities include developing budgets, managing revenue streams, and leading a motivated sales team. Ideal candidates will have at least three years of experience in hotel revenue management and strong financial analytical skills. Proficiency in English and leadership abilities are essential for this role.

Qualifications

• Minimum of 3 years of hotel Revenue Management experience.
• Excellent communication skills in written and spoken English.
• Knowledge of technical and managerial applications of Revenue Management System.

Responsibilities

• Ensure proper pricing, positioning, and inventory management of all revenue streams.
• Develop and manage market strategy budget to exceed revenue expectations.
• Train sales strategy team members on revenue and yield management.

Skills

Leadership qualities

Communication skills

Financial management

Analytical skills

Education

Bachelor degree in Business Administration, Marketing, Hotel Management or relevant discipline

Job description

Responsibilities

Market Strategy: Works with market leadership to ensure proper pricing, positioning and inventory management of all rooms, function space, outlets and other revenue streams.

Sales: Provides input and direction on hotel sales goals, pricing and selling strategy and customer information.

Human Resources: Creates and sustains a work environment that focuses on fair and equitable treatment and associate satisfaction to enable business success.

Financial Management: Develops and manages market strategy budget to achieve or exceed budgeted revenue expectations.

Administrative responsibilities

• Collaborates with Director of Finance to develop annual operating budget for hotel

• Works with Director of Sales and Marketing to develop Marketing Plan for all revenue streams

• Processes period end reporting and critique

Technical and Commercial Responsibilities

• Ensure hotels achieve/exceed revenue targets as specified in respective budget

• Instill a strong revenue culture with objective to improve hotel’s market share positions and RGI’s

• Apply Revenue Management and work in conjunction with the hotel(s) leadership team to determine hotel(s) strategies to achieve budget and strong market share positioning

• Assist the annual pricing process for transient, group, banquet and function space

• Continuous analysis of competitive sets, price positioning, seasonality and mix

• Processes month end reporting and critiques

• Collaborates with Director of Finance to develop annual operating budget for hotel

• Works with Director of Sales and Marketing to develop Marketing Plan for all revenue streams

• Ensure standards of Revenue Management discipline is practiced in the property

• Proactively engaging with Corporate office to ensure seamless communication

Human Resources Responsibilities

• Train sales strategy team members on key areas of revenue and yield management

• Establishes and maintains open, collaborative relationships with colleagues and ensures colleagues do the same within the team

REPORT LINE & COMMUNICATION

• Reports to General Manager and if applicable works closely with designated Corporate Office.

• Coordinates functions and activities with other departments in relation to the Sales and Marketing affairs. Liaises with concerned departments to ensure that operations deliver the best quality product and service to our clients.

OTHERS

• Continuous learning through own IDP.

• Any other duties as may be assigned by the superior.

ACCOUNTABILITIES

• Represents Dusit’s brand and its values at all times. We will establish relationships and foremost and we will deliver an exceptional guest experience and promote Thai graciousness.

COMPANY’S CULTURE

• Communicate and fully embracing the Company’s culture (our Vision, our Mission and our Values), leads by example and cascade to all your subordinates. – “Proud to belong and to contribute”

CONFIDENTIALITY

• Ensure confidentiality and secure storage of all intellectual property and data bases, both hard copy and electronic. Adhere to Dust Internet and E-mail policy. Ensure Hotel, Customer and Staff information or transactions are kept confidential during or after employment with the company.

JOB REQUIREMENT

• Minimum education of Bachelor degree in Business Administration, Marketing, Hotel Management or relevant discipline
• Minimum of 3 years of hotel Revenue Management experience
• Have excellent communication skulls in written and spoken English
• Self-motivated, result-oriented, resourceful and possesses leadership qualities
• Possesses professional disposition with excellent communication and interpersonal skills
• Knowledge of technical and managerial applications of Revenue Management System and their utilization
• Knowledge of total hotel revenue management concept and processes
• Ability to interpret market data and apply to sales strategy
• Financial management skills e.g. ability to analyze P&L statements, develop operating budgets, forecasting and capital expenditure planning
• Ability to use standard software applications, complex spreadsheet software, analytical tools and hotel systems
• Ability to execute against the strategy; drive results