Revenue Manager

Fairmont Hotels & Resorts; Krugersdorp; On-site; ZAR 500,000 - 800,000; Full time

Job summary

A luxury hotel near Johannesburg seeks a Revenue Manager to enhance profitability through strategic revenue management. The role requires collaboration with sales and marketing teams, alongside monitoring market trends. Ideal candidates will have strong analytical abilities and a Bachelor's degree in a relevant field.

Qualifications

• Minimum 3 years of progressive experience in revenue management, preferably within a luxury or resort hotel environment.
• Ability to analyze data and trends effectively.
• Proficient in analytical tools with a strong understanding of hotel financial statements.

Responsibilities

• Develop and implement revenue strategies to increase profitability.
• Analyze market trends and competition for revenue growth opportunities.
• Monitor demand patterns and adjust inventory to optimize revenue.

Skills

Communication

Analytical Skills

Strategic Thinking

Interpersonal Skills

Education

Bachelor's degree in Hotel Management, Accounting, Finance, Mathematics, or Business Management

Tools

Microsoft Excel

Revenue Management Systems

Job description

Company Description

Vivari Hotel and Spais a luxury wellness destination offering world-class hospitality, rejuvenating spa treatments, and a serene escape just outside Johannesburg. We are dedicated to providing exceptional guest experiences in a tranquil, nature-inspired setting.

Job Description

As the Revenue Manager, you will be responsible for developing and implementing revenue strategies to maximize the profitability of the hotel. You will work closely with the sales, marketing, and reservations teams to forecast demand, set pricing strategies, and optimize inventory to drive revenue growth.

What you will be doing:

• Develop and implement revenue strategies to increase profitability of the hotel
• Analyse market trends and competition to identify opportunities for revenue growth
• Work with the sales and marketing teams to develop pricing strategies for room rates, packages, and promotions
• Monitor demand patterns and adjust inventory levels to optimize revenue and occupancy
• Conduct regular revenue meetings with hotel management and provide insights and recommendations on revenue performance
• Develop and maintain accurate revenue forecasts to support budgeting and financial planning
• Monitor and manage distribution channels to ensure rate parity and maximize revenue
• Collaborate with the reservations team to optimize yield and manage room inventory
• Monitor and analyse key performance indicators (KPIs) related to revenue and occupancy, and adjust strategies as needed
• Ensure compliance with hotel pricing policies and revenue management best practices

Qualifications

• Excellent communication and interpersonal skills
• Must be service oriented and capable of communicating effectively with persons involved in all levels of authority, both internally and externally.
• Ability to think strategically and develop innovative revenue strategies
• Strong analytical skills and ability to analyze data and trends
• Proficient in Microsoft Office, with an emphasis on Excel and other analytical tools
• Knowledge of revenue management systems, hotel reservations systems, and distribution channels
• Knowledge of market segmentation and demand forecasting techniques
• Understanding of hotel financial statements and budgeting processes
• Highly organized with the ability to work in a fast-paced environment and manage multiple projects simultaneously

Education:

• Bachelor's degree in Hotel Management, Accounting, Finance, Mathematics, or Business Management preferred

Experience:

• Minimum 3 years of progressive experience in revenue management, preferably within a luxury or resort hotel environment. Experience in destination resorts strongly preferred.

Additional Information

Why work for Accor? Discover a world where life pulses with passion!

Join the Accor Group, an ecosystem of over 45 brands, 5,600 hotels, 10,000 restaurants and lifestyle places, that welcome you. With us, your personality is valued, your opportunities for growth know no boundaries. Every action you take has a positive and memorable impact on the experience of our customers, your colleagues, and also, on the planet, contributing to pioneering the art of responsible hospitality.