Area Revenue Manager (Serviced Residences Cluster)

Far East Organization; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading hospitality organization in Singapore is seeking a Revenue Manager to join their revenue management team. The role involves maximizing revenue and profitability across serviced residences and hotels by analyzing market trends and optimizing pricing strategies. Candidates should possess a degree in Hospitality Revenue Management and have at least two years of supervisory experience in revenue management.

Qualifications

• Minimum 2 years of experience in a revenue management role in a supervisory capacity.
• Full understanding of the principles of forecasting and analysis.
• Proficiency in Microsoft Office and automated systems.

Responsibilities

• Optimize yield through proactive inventory and rate management.
• Align pricing and inventory strategies with sales-driven business.
• Monitor booking pace and performance by segment.

Skills

Forecasting

Data Analysis

Revenue Optimization

Inventory Management

Market Analysis

Education

Degree in Hospitality Revenue/Yield Management

Tools

Microsoft Office

Job description

Company description:

Far East Hospitality Holdings Pte Ltd (Far East Hospitality) is an international hospitality owner and operator with a diverse portfolio of 9 unique and complementary brands of hotels, serviced residences and apartment hotels, including Oasia, Quincy, Rendezvous, Village, Far East Collection, Adina Hotels, Vibe Hotels, Travelodge Hotels and TFE Hotels Collection. We own more than 10 hospitality assets and operate a combined portfolio of more than 16,500 rooms under management across 100 hotels and serviced residences in eight countries - Australia, Denmark, Germany, Hungary, Japan, Malaysia, New Zealand and Singapore - with more in our development pipeline.

Formed as a 70-30 joint venture in 2013 between Far East Orchard Limited (a listed company under Far East Organization) and The Straits Trading Company Limited, we in turn completed a 50-50 joint venture through our wholly-owned subsidiary Far East Hospitality Investments (Australia) Pte Ltd, with Australia's Toga Group to form Toga Far East Hotels (TFE Hotels).

Job description:

Responsibilities

Reporting to the Area General Manager and to Area Director, Revenue Management, you will be part of a performance-driven revenue management team that manages serviced residences and hotels in Singapore.

In your role, you will work with property/cluster-level and overseas revenue teams to maximize overall serviced residence revenue and profitability for the portfolio, driving market share at each property through strategic and in-depth evaluation and analysis of business, mix, distribution channels and overall rate/inventory management in all market segments.

1. Use available tools and data to optimize yield through proactive inventory and rate management across all serviced residence properties.
2. Work closely with the Sales team to align pricing and inventory strategies with sales-driven business, ensuring total revenue optimization.
3. Monitor booking pace and performance by segment; cover shortfalls through tactical promotions and online channel activations.
4. Manage OTA and brand website content, rates, and availability, ensuring alignment with overall revenue strategy.
5. Provide input to the budgeting and forecast process, especially around long-stay demand patterns and market segment contributions.
6. Track and evaluate market trends, competitive set pricing, and key demand periods to inform strategy.
7. Lead initiatives to digitize and streamline revenue management processes tailored for serviced residence model, improving decision speed and consistency.
8. Contribute to the development of future revenue management structures and processes to ensure integration and alignment with Corporate Office strategies.
9. Prepare business performance updates and reports for management.
10. Undertake any other ad-hoc duties as assigned.

Requirements

1. Degree in Hospitality Revenue/Yield Management or related discipline
2. Minimum 2 years of experience in a revenue management role in a supervisory capacity
3. Possess full understanding of the principles of forecasting and analysis
4. Proficiency in Microsoft Office, software programs, and automated systems