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Job summary
A leading hotel chain is seeking a Revenue Manager to maximize revenue and market share at their hotel in Makkah, Saudi Arabia. The ideal candidate has a Bachelor's degree in Hospitality Management, 3-5 years of experience in revenue management, and strong analytical skills. Responsibilities include developing strategies, conducting market analysis, and collaborating with teams to meet revenue goals. Proficiency in revenue management systems and Excel is required.
Qualifications
- 3-5 years of experience in hotel revenue management.
- Strong analytical skills to drive revenue growth.
- Experience with MS Office, especially Excel.
Responsibilities
- Develop and execute revenue management strategies.
- Conduct market analysis and competitor benchmarking.
- Generate accurate forecasts for decision-making.
Skills
Education
Tools
We are seeking a highly analytical and goal-oriented Revenue Manager to join our team in IBIS Alhedeya Makkah, Saudi Arabia. As a key member of our organization, you will be responsible for developing and implementing strategies to maximize revenue and market share for our hotel properties.
- Develop and execute revenue management strategies to optimize room revenue and occupancy rates
- Conduct regular market analysis and competitor benchmarking to identify trends and opportunities
- Create and maintain pricing structures across various distribution channels
- Generate accurate forecasts and reports to support decision-making processes
- Collaborate closely with sales, marketing, and operations teams to align revenue strategies
- Monitor and analyze key performance indicators (KPIs) to ensure revenue goals are met
- Implement and manage revenue management systems and tools
- Stay updated on industry trends and best practices in revenue management
- Provide training and guidance to team members on revenue management principles
- Develop and maintain strong relationships with online travel agencies and key partners
- Bachelor's degree in Hospitality Management, Business Administration, or related field
- Minimum of 3-5 years of experience in hotel revenue management
- Strong analytical skills with a proven track record of driving revenue growth
- Proficiency in MS Office suite, particularly Excel for data analysis
- Experience with revenue management systems such as Opera Cloud PMS and IDeaS RMS
- Excellent communication and presentation skills, with the ability to explain complex data clearly
- Strong understanding of pricing strategies and yield management techniques
- Experience with data visualization tools to create impactful reports
- Knowledge of the local hospitality market in Makkah, Saudi Arabia
- Fluency in English; Arabic language skills are a plus
- Demonstrated ability to work efficiently in a fast-paced, detail-oriented environment
- Strong organizational skills and ability to manage multiple priorities
- Team player with a commitment to achieving organizational goals
- Adaptability to changing market conditions and willingness to innovate revenue strategies
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.