Bayt.com
https://bayt.page.link/v1TUmrkCw1dqRip19
Back to the job results
Full Time Employee · Management · 5-7 Years of Experience
100-499 Employees · Hospitality & Accomodation

Get the Bayt App

Download the Bayt App to manage your real time conversation with the recruiter
Download App
Create a job alert for similar positions

Job Description

Position Summary: The Revenue Manager is responsible for maximizing the hotel's revenue and profitability by developing and implementing strategies to increase the hotel's market share and average room rates. This role involves close collaboration with other departments such as Sales, Marketing, and Front Office to ensure a comprehensive approach to revenue management.

Key Responsibilities:

  1. Revenue Strategy Development:
  • Develop and implement pricing strategies that optimize revenue and occupancy.
  • Monitor competitor pricing and market trends to adjust strategies accordingly.
  • Analyze historical data and future booking patterns to forecast demand and adjust pricing strategies.
  1. Inventory Management:
  • Manage room inventory to maximize revenue.
  • Monitor and adjust room availability and restrictions on booking channels.
  1. Performance Analysis:
  • Analyze financial performance, including room revenue, RevPAR (Revenue per Available Room), and ADR (Average Daily Rate).
  • Prepare and present regular reports on revenue performance and forecasts to senior management.
  1. Collaboration and Communication:
  • Work closely with Sales and Marketing teams to develop promotional campaigns and offers.
  • Coordinate with the Front Office to ensure optimal guest experience while maximizing revenue opportunities.
  1. Technology and Tools:
  • Utilize revenue management systems and software to track and manage hotel revenue.
  • Stay updated with the latest revenue management technologies and best practices.
  1. Training and Development:
  • Train and develop staff on revenue management principles and tools.
  • Foster a revenue-focused culture within the hotel.

Qualifications:

  • Bachelor's degree in Hotel Management, Business, Finance, or a related field.
  • Previous experience in hotel revenue management or a related role.
  • Strong analytical and strategic thinking skills.
  • Proficiency in revenue management software and Microsoft Office Suite.
  • Excellent communication and interpersonal skills.
  • Ability to work under pressure and meet deadlines.

Working Conditions:

  • Based in the hotel with occasional travel for meetings or conferences.
  • It may require working evenings or weekends depending on business needs.


Skills

Analytical Skills: Ability to analyze and interpret data to make informed decisions.

Strategic Thinking: Develop and implement effective revenue strategies.

Communication: Excellent verbal and written communication skills to collaborate with various departments.

Technical Proficiency: Familiarity with revenue management software and systems.

Negotiation Skills: Ability to negotiate with clients and partners to maximize revenue.

Attention to Detail: Ensure accuracy in data analysis and reporting.

Problem-Solving: Ability to identify issues and develop solutions quickly.

Customer Focus: Understanding customer needs and behavior to optimize pricing and promotions.

Team Collaboration: Work effectively with other departments like Sales, Marketing, and Front Office.

Time Management: Ability to manage multiple tasks and meet deadlines under pressure.

Preferred Candidate

Years of Experience
Min: 5 Max: 7
Degree
Bachelor's degree / higher diploma
Career Level
Management
Loading... Email to Friend Complete Questionnaire
Jareed Hotels logo
Jareed Hotels
Follow Unfollow

For centuries, the stems and leaves of the grand palm tree - also known as Jareed - were used to create roofs of local houses. Palm trees are thus a symbol of home and hospitality, something near to sacred in Saudi Arabian heritage. This is the heart of Jareed Hotel - transcending hospitality and becoming your dream home away from home. We take your experience personally. Our hand-selected team is devoted to providing sincere, intuitive service. We listen carefully and curate your stay based on your unique preferences and schedule. Expect the unparalleled luxury of 5-star lodging with the exclusivity and comfort of a boutique atmosphere. With dazzling interiors and exquisite dining options, you’ll experience fulfillment on a whole new level. We can’t wait to show you.

See Company Details
You have reached your limit of 15 Job Alerts. To create a new Job Alert, delete one of your existing Job Alerts first.
MANAGE
Similar jobs alert created successfully. You can manage alerts in settings.
MANAGE
Similar jobs alert disabled successfully. You can manage alerts in settings.
MANAGE