Revenue Management Specialist
2 weeks ago
We are seeking a highly skilled Revenue Management Specialist to join our team at Sofitel Shahd Al-Madinah in Madinah, Saudi Arabia.
About the Role:
- This is an exciting opportunity for a seasoned Revenue Manager to oversee revenue management strategies and optimize revenue performance across designated properties within our allocated portfolio.
- You will be responsible for executing revenue management strategies in accordance with industry best practices, ensuring accurate rate mapping, and maintaining a thorough understanding of market demand and trends.
- Your analytical skills and ability to interpret data will enable you to provide valuable insights to support business decisions.
Responsibilities:
- Execute revenue management strategy in accordance with industry best practices
- Ensure rates are mapped effectively to ensure accurate distribution
- Update pricing decisions to all channels accurately and efficiently
- Maintain a working understanding of market demand and update the events calendar in region
- Conduct competitive analysis to benchmark property performance to industry trends
- Maintain a current and thorough understanding of the market, both on a macro and micro level, and provide this intelligence to the Revenue Manager
- Proactively recommend any changes to rate and inventory strategies and communicate these through to the Revenue Manager
- Review all group / long term bookings by viewing business on the books and forecasted revenue, lead time and total revenue.
- Liaise with sales department and ensure that sales strategies and rate restrictions are communicated, implemented and modified as market conditions fluctuate.
Requirements:
- Bachelor's degree in related field (Accounting/Finance/Economics/Statistics)
- Minimum 2-3 years' experience in a similar role, within an international brand
- Strong knowledge in Opera PMS and other related systems, as well as Revenue Management
- Excellent command in English; additional language is an advantage
- Strong reporting and analytical skills
- Good analytical and numeric skills
- High level of organization and time management skills
- Working understanding of Revenue Management principles
Salary Information:
We offer a competitive salary of ₹1200000 - ₹1500000 per annum, depending on qualifications and experience. This salary estimate may vary based on factors such as location, qualifications, and experience.
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