Revenue Manager

Boutique Group; Riyadh; On-site; SAR 300,000 - 480,000; Full time

Job summary

The Red Palace, a luxury hotel in Riyadh, seeks a Revenue Manager with a strong background in pricing and forecasting to optimize room revenue and total revenue growth. You will work closely with Sales, Reservations, and Marketing to sustain premium positioning.

Ideal candidates have 4–7 years of luxury hotel revenue experience, proficiency in Opera/IDeaS/Duetto, and advanced Excel skills for financial modeling and analysis.

Qualifications

• 4–7 years in hotel revenue management, ideally within luxury or ultra-luxury properties.
• Strong command of PMS/RMS platforms (Opera, IDeaS, Duetto, or similar)
• Advanced Excel skills; comfort with financial modeling and data analysis

Responsibilities

• Develop and implement pricing strategies across segments and channels to maximize RevPAR and total revenue.
• Build and maintain rolling demand forecasts (30/60/90-day and annual) using historical data and market trends.
• Lead weekly revenue strategy meetings with GM, Sales, and Reservations leadership.
• Prepare monthly revenue performance reports and variance analysis.
• Ensure rate parity and accuracy across RMS/PMS and distribution channels.

Skills

Analytical skills

Communication skills

Leadership

Advanced Excel

PMS/RMS proficiency

Education

Bachelor’s degree in hospitality or related field

Tools

Opera

IDeAS

Duetto

Hotel management software

Job description

A symbol of Saudi Arabia’s heritage, The Red Palace stands as an extraordinary landmark in Riyadh, now reimagined as an ultra-luxury boutique hotel. Originally built in 1943, this historic Palace has been transformed into a masterpiece of refined hospitality, blending timeless elegance with contemporary sophistication.

Nestled in the heart of the capital, The Red Palace offers an exclusive glimpse into the Kingdom’s storied past, featuring meticulously restored architecture, curated cultural experiences, and unparalleled service. Every detail has been thoughtfully designed to honor its legacy while delivering a modern interpretation of luxury. At The Red Palace, we invite guests to step into a world of history, prestige, and indulgence, where tradition and innovation seamlessly come together.

HOTEL: The Red Palace

JOB TITLE: Revenue Manager

REPORTING TO: Director of Sales

JOB ROLE

The Revenue Manager is responsible for maximizing rooms and total revenue at The Red Palace through strategic pricing, inventory control, and demand forecasting. This role works closely with Sales, Reservations, and Marketing to deliver commercial performance in line with the property's luxury positioning.

RESPONSABILITIES

• Develop and execute pricing strategies across all segments (transient, group, corporate, wholesale) and channels (OTA, GDS, direct, voice)
• Build and maintain rolling demand forecasts (30/60/90-day and annual) using historical data, market trends, and on-the-books pace
• Conduct daily rate and inventory reviews; adjust restrictions (minimum stay, closed-to-arrival) to optimize RevPAR
• Own the RMS/PMS revenue configuration and ensure rate parity across all distribution channels
• Lead weekly revenue strategy meetings with the General Manager, Sales, and Reservations leadership
• Daily pick-up report by market segment
• Analyze competitive set performance (STR reports, rate shopping) and adjust positioning accordingly
• Work with Sales on group pricing, displacement analysis, and contract negotiation
• Prepare monthly revenue performance reports and budget/forecast variance analysis
• Champion The Red Palace's brand standards and rate integrity across all market segments
• Ensure compliance with all hotel policies, procedures, and brand standards.
• Ensure the accuracy of Rates details in the PMS and all distributions channels including but not limited to ARI, rate pricing, Packages, Cancellation policies, Guarantee & Payment Policies as well as children policy.

QUALIFICATIONS AND EXPERIENCE

• 4–7 years in hotel revenue management, ideally within luxury or ultra-luxury properties
• Strong command of PMS/RMS platforms (Opera, IDeaS, Duetto, or similar)
• Advanced Excel skills; comfort with financial modeling and data analysis
• Strong analytical and communication skills; ability to influence cross-functional stakeholders
• Bachelor’s degree in hospitality, Business, or a related field preferred

COMPETENICES AND SKILLS

• Leadership and team management
• Analytical and problem-solving abilities
• Attention to detail and accuracy
• Strong interpersonal and communication skills
• Proficiency in hotel management software