Revenue Manager

3 weeks ago


Riyadh, Saudi Arabia Hyatt Regency Riyadh Olaya Full time

Summary

**Key Responsibilities**:

- Develop and execute a strategic plan to optimize revenue opportunities and maximize profitability
- Understand market dynamics and monitor competitor pricing & key focus on major city event in order to grow revenue and RevPAR for assigned portfolio.
- Analyze pricing, inventory, and demand data to make informed decisions and provide insights to the sales and marketing teams
- Implement strategy & tactics to take advantage of demand for all segments.
- Deliver effective pricing and ensure optimal inventory for all revenue streams and market segments.
- Embrace and ensure optimization of new systems and tools to maximize revenue.
- Work closely with the Area/Corporate Support Office and the hotel operational teams to ensure aligned direction.
- Oversees the distribution of inventory through various channels such as online travel agents, direct booking, and third-party websites, to ensure optimal revenue generation & maintain the rate parity on all channels.
- Collaborate with key stakeholders to create and implement promotional strategies and revenue management initiatives
- Monitor competitor pricing and market trends to ensure that the hotel remains competitive in the local market
- Produce accurate revenue forecasts and reports to support management decision-making

**Qualifications**:
**Qualifications & Experience**:

- Bachelor Degree in commercial
- Minimum 5 years of experience in revenue management
- 5 Star luxury hotel experience is required
- Strong understanding of hotel systems, including Property Management Systems (PMS) and Revenue Management Systems (RMS)
- Proven track record of driving revenue growth and optimizing profitability
- Past experience in business plan preparation in line with Hyatt requirements
- Excellent analytical, problem-solving, and decision-making skills
- Strong communication and interpersonal skills
- Ability to work independently and as part of a team
- Advance Excel, PowerPoint & Word


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