Revenue Manager

CANOPUS II PTE. LTD.; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

IBIS Singapore Novena is seeking a commercially driven and analytical Revenue Manager to lead the hotel’s revenue management strategy, driving revenue growth through pricing, forecasting, market analysis, and collaboration with senior management and sales teams.

You will develop and implement revenue, pricing and inventory strategies aligned with hotel objectives, prepare forecasts, and work with Distribution channels and departments to maximize profitability and guest satisfaction.

Qualifications

• Experience in revenue management, pricing, and inventory optimization.
• Familiarity with hotel revenue management and property management systems.
• Strong communication and stakeholder management skills.
• Ability to work proactively in a fast-paced hospitality environment.

Responsibilities

• Develop and implement revenue, pricing, and inventory strategies aligned with hotel business objectives to maximize profitability.
• Support annual budgeting and create yearly rate strategies tailored to different market segments.
• Prepare accurate revenue forecasts and lead regular revenue meetings to review performance and identify opportunities.
• Monitor rates and availability across distribution channels to optimize revenue and inventory utilization.
• Analyze market trends, competitor performance, and booking patterns to identify revenue opportunities.
• Prepare detailed revenue, benchmarking, and performance reports to inform commercial decisions.
• Collaborate with the Director of Sales to identify new business opportunities and target market segments.

Skills

Revenue management

Forecasting

Pricing strategy

Market analysis

Stakeholder management

Cross-functional collaboration

Tools

PMS software

Excel

Job description

Company Overview / Employee Value Proposition

IBIS SINGAPORE NOVENA is located on Balestier Road, near Novena MRT and close to Orchard Road shopping, major medical facilities, and popular eateries. It is a well-connected economy hotel managed by Accor Asia Pacific, offering 241 rooms in a vibrant multicultural city.

Job Summary

We are seeking a commercially driven and analytical Revenue Manager to lead the hotel’s revenue management strategy, driving revenue growth through pricing, forecasting, market analysis, and collaboration with senior management and sales teams.

Responsibilities

• Develop and implement revenue, pricing, and inventory strategies aligned with hotel business objectives to maximize profitability
• Support annual budgeting and create yearly rate strategies tailored to different market segments
• Prepare accurate revenue forecasts and lead regular revenue meetings to review performance and identify opportunities
• Monitor rates, availability, and restrictions across distribution channels to optimize revenue and inventory utilization
• Analyze market trends, competitor performance, and booking patterns to identify and capitalize on revenue opportunities
• Prepare detailed revenue, benchmarking, and performance reports to inform commercial decision-making
• Conduct regular competitor and market analysis to provide actionable market intelligence
• Collaborate with the Director of Sales to identify new business opportunities and target market segments
• Maintain comprehensive knowledge of hotel products, rates, promotions, and competitive positioning
• Continuously seek improvements in revenue management systems, tools, and processes to enhance efficiency
• Proactively optimize revenue and manage costs to support financial goals
• Work collaboratively with Sales, Reservations, Front Office, and other departments to achieve commercial and guest satisfaction objectives

Preferred competencies and qualifications

• Experience in revenue management, reservations, e-commerce, sales, or related hotel commercial functions
• Familiarity with hotel revenue management and property management systems
• Strong communication and stakeholder management skills to effectively engage cross-functional teams
• Ability to work proactively and stay organized in a fast-paced hospitality environment