Revenue Manager
2 weeks ago
We want to welcome you to a world of bringing True Hospitality to everyone. When you join us at IHG®, you become part of our global family. A welcoming culture of warmth, honesty and a passion for providing True Hospitality.
We pride ourselves on letting your personality and passions shine, recognizing the individual contribution you make and supporting your ambition to learn and create your own career path. In making a difference to our guests and owners, colleagues and communities, every day is a chance to create great and unique experiences, in your own way.With over 370,000 colleagues in nearly 100 countries sharing our values, there’s countless opportunities at your fingertips.
We’re growing; grow with us.
Exceptional design meets contemporary comfort at voco® Riyadh. We’re on King Fahad Road at the heart of the city’s booming business district. Only 30 minutes from King Khalid International Airport. Opposite the Ministry of Interior, and steps away from other government offices.
A little taste of your day-to-day:
- Implement revenue management operations, procedures and best practices.
- Identify new revenue opportunities.
- Optimize and expand distribution partnerships.
- Challenge and influence hotel to improve service level and operational standards.
- Oversee revenue management and distribution strategy of the hotel and manage day to day yield operations
- Daily pick-up analysis, strategy adjustments and reporting
- Perform competitive benchmark studies and follow market trends
- Create and maintain a rolling demand calendar
- Provide a weekly dynamic forecast of expected results, variances and budget comparisons
- Manage and oversee strategy for all 3rd party distribution
- Responsible for assessing, analysing and pricing group business strategies
- Analyze overall monthly hotel performance and provide a summary report with recommendations to improve long-term strategies
- Ensure all related systems are configured correctly, validated and working to full capacity
- Ensure web site booking process is maintained up-to-date and functional
- Regularly check the input and the quality of data (segmentation, denials tracking, etc ) points
- Conduct quarterly property performance reviews and develop strategic and tactical action
- Responsible for best practice standards to include: competitor analysis; environmental scanning; market modelling; distribution yield management; business mix yield management; length of stay yield management; inventory availability by channel; pricing control and new pricing concepts
- Evaluate the performance of distribution partners and contracted rates (OTA, FIT, tour operator, corporate, consortia, crew, groups, etc )
- Reduce the cost of distribution by finding new less expensive means of delivering business
- Prepare an outline for and support the annual revenue budget process
What We need from you:
- Experience as a Hotel Revenue Manager.
- Bachelors or Masters Degree in Hotel Management, Tourism or Economic Studies
- Highly computer literate with a high-level command of Excel/PowerBI, or other data analysis and billing tools
- Knowledgeable of hotel technology: PMS, Channel Manager, GDS, CRS, Extranets
- Strong verbal communication and good listening skills, for effective and pleasant interactions with guests and housekeeping staff
In return for your hard work, you can look forward to a competitive salary and benefits package - including duty meals and discounted hotel accommodation worldwide. What's more, because your career will be as unique as you are, we'll give you all the tailored support you need to make a great start, be involved and grow.
And because the voco Hotels & Resorts brand belongs to the IHG® family of brands, you'll also benefit from all of the opportunities that come from being part of a successful, global hospitality company with over 5000 hotels in over 100 countries around the world.
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