Revenue Manager

at  Grand Excelsior Hotel Al Barsha

JOB DESCRIPTION:

• Ensure Best Rate Guarantee compliance.
• Clearly communicate to hotel team the strategic vision and objectives on how to drive revenues and improve performance.
• Ensure hotel team members understand the concept of Revenue Management and their role
• Provide the hotel team with regular updates on hotel performance to include market share, market segment roll ups, and channel metrics.
• Identify and communicate to either Regional or Divisional RM team bugs/enhancements affecting revenue management from all RM tools, including PMS, IPS, Revenue Plan, Channel Reports, and branded websites
• Produce accurate forecast on weekly and monthly basis (as determined by the hotel controller).
• Produce all relevant components of the Budget pertaining to Revenue Management.
  Job Type: Full-time

Education:

• Bachelor’s (Preferred)

Experience:

• Revenue Manager: 2 years (Required)
• Hospitality: 2 years (Required)

• Drive Market Share and Revenue Performance through proper pricing and mix management
• Analyze competitive reports and formulate appropriate strategies through use of different portals and media
• Develop overall pricing strategy to include all market segments and distribution channels
• Provide guidance on corporate transient negotiated pricing, group pricing for each group, and wholesale pricing and acceptance
• Ensure effective pricing strategies are in place to reflect asset strength relative to the competition in each market.
• Ensure adherence to the Pricing Policies of Rational Pricing and compliance to the Best Rate Guarantee (BRG)
• Effectively manage inventory and pricing strategy in all distribution channels including branded web, 3rd party sites, and the GDS
• Lead the Director of Sales & Marketing in the decision making process of promotion participation
• Closely monitor competitive pricing and understand the impact of relative pricing decisions on property performance
• Review and analyze data on an ongoing basis
• Must be the Administrator of the online Revenue Plan and hence maintain the accuracy and timely entry of all relevant data in the Revenue Plan by all departments
• Complete understanding and effective execution of current and new RM tools. Includes Opera PMS/S&C, IPS, Market Vision, Enterprise Channel Reports, Revenue Plan, CMD and any new tools or reports developed in future years.
• Take the lead role in property PMS Conversions
• Take the lead role in property RMS Installations
• Ensure accurate and timely entry of rate plans.