Revenue Manager

1 week ago

Makkah, Makkah Province, Saudi Arabia M Hotel Al Dana Makkah By Millennium Full time 90,000 - 120,000 per year

As the Revenue Manager, you will play a pivotal role in optimizing the hotel's revenue strategies and pricing models. Your responsibilities include overseeing revenue management, forecasting, and pricing to maximize profitability and occupancy.

Key Job Responsibilities:

  • Develop and implement revenue management strategies to achieve revenue goals.
  • Analyze market trends, competitor pricing, and demand to make informed pricing decisions.
  • Monitor and manage room inventory and availability across distribution channels.
  • Collaborate with sales and marketing teams to drive revenue growth through promotions and campaigns.
  • Conduct regular revenue meetings to review pricing, demand forecasts, and market insights.
  • Utilize revenue management software and tools to optimize pricing and inventory.
  • Analyze historical data to identify patterns and trends for pricing and inventory control.
  • Forecast future demand and revenue based on market analysis and historical data.
  • Prepare and present revenue reports and performance metrics to senior management.
  • Develop and maintain relationships with distribution partners and online travel agencies.
  • Participate in budgeting and financial planning related to revenue.
  • Train and mentor revenue management team members.
  • Stay updated on industry trends and best practices in revenue management.
  • Operate in a safe and environmentally friendly manner to safeguard the health and safety of guests and colleagues, as well as contribute to environmental conservation.
  • Adhere to the company's environmental, health, and safety procedures and policies.

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