Revenue Manager

Job Title: Revenue ManagerJob Overview

The Revenue Manager is responsible for developing and implementing strategies that optimize revenue, maximize profitability, and improve overall business performance. The role involves analyzing market trends, forecasting demand, managing pricing strategies, and ensuring effective distribution across all channels.

Key Responsibilities1. Revenue & Pricing Strategy

• Develop and implement pricing strategies to maximize revenue across all segments.
• Monitor market trends and competitor pricing to adjust strategies accordingly.
• Set dynamic pricing models and oversee daily rate updates.

2. Forecasting & Analysis

• Prepare accurate forecasts for occupancy, revenue, and demand patterns.
• Conduct regular analysis of sales performance, business mix, and booking trends.
• Create monthly and quarterly revenue reports for management review.

3. Channel & Inventory Management

• Manage online distribution channels (OTA, GDS, Website, etc.).
• Optimize inventory allocation to maximize exposure and conversion.
• Ensure rate parity across all platforms.

4. Collaboration & Communication

• Work closely with Sales, Marketing, Front Office, and Reservations teams to align strategies.
• Provide insights for promotional campaigns and packages.
• Participate in departmental meetings to review performance and discuss improvements.

5. Systems & Tools Management

• Maintain and update Revenue Management Systems (RMS), PMS, CRS, and channel manager tools.
• Ensure data accuracy and troubleshoot system-related issues.

6. Budgeting & Business Planning

• Assist in setting annual budgets and long-term business plans.
• Identify opportunities for new revenue streams and upselling initiatives

Job Type: Full-time