Revenue Manager

Revenue Manager
Company:

Reliable Recruiters


Revenue Manager

Details of the offer

Job Summary

Applications are invited from qualified persons for the above vacant position.

Minimum Qualification:Bachelor
Experience Level:Senior level
Experience Length:3 years
Job Description

Revenue Managers work closely with sales teams, reception desk
employees and the hotel general manager in areas of promotion, business
planning and reservation costs. They might conduct analyses of prices
offered by other hotels to develop competitive prices and discounts.
Revenue Managers work primarily for hotels, motels, spas and resorts.
Revenue Manager Duties and Responsibilities
Create Pricing Strategies: A major function of the Revenue
Manager is to determine and set room rates and other prices in order to
keep hotels competitive and earn revenue. This aspect of the job might
include assisting in creating promotional campaigns in order to generate
business, work with front desk personnel to track customer trends and
reservations, and communicate with sales teams to gather sales figures.
Revenue Managers will also forecast future demand and pricing trends.
Conduct
Competition Analyses: In order to determine competitive prices to
ensure increased reservations and more revenue, Revenue Managers will
periodically evaluate the prices of their competition. They will also
analyze economic trends to determine the demand for hotel reservations
based on tourism and business travel.
Track Hotel Revenue:
Revenue Managers will work with various departments within a hotel to
create a budget and use accounting processes to determine the hotel’s
revenue after expenditures. They will report financial information to
general managers and make suggestions for increasing revenue through
changes in pricing and efforts in generating more business.
Revenue
Manager Skills: As expected, a Revenue Manager would need excellent
analytical, communication, customer service and organizational skills in
order to be effective in this position. Both written and verbal
communication skills are a must, as Revenue Managers typically conduct
meetings and submit reports. They should be strong team leaders who can
focus a group on achieving the same goal of creating revenue for a
lodging establishment. An attention to detail, above average math skills
and the ability to meet deadlines are all important aspects in revenue
management. In addition to these general skills, a Revenue Manager could
be expected by potential employers to possess the following skills.
Core skills:
Developing pricing strategies, including building rates for rooms and packages and determining discounts and specialty rates
Forecasting pricing and revenue based on demand and market trends
Evaluating trends in the economy and hospitality industry
Creating promotional plans to increase revenue
Understanding inventory management processes
Generating revenue reports

Additional skills:
Ability to communicate in multiple languages
Proficient in Microsoft Office applications
Revenue Managers work closely with sales teams, reception desk
employees and the hotel general manager in areas of promotion, business
planning and reservation costs. They might conduct analyses of prices
offered by other hotels to develop competitive prices and discounts.
Revenue Managers work primarily for hotels, motels, spas and resorts.
Revenue Manager Duties and Responsibilities
Create Pricing Strategies: A major function of the Revenue
Manager is to determine and set room rates and other prices in order to
keep hotels competitive and earn revenue. This aspect of the job might
include assisting in creating promotional campaigns in order to generate
business, work with front desk personnel to track customer trends and
reservations, and communicate with sales teams to gather sales figures.
Revenue Managers will also forecast future demand and pricing trends.
Conduct
Competition Analyses: In order to determine competitive prices to
ensure increased reservations and more revenue, Revenue Managers will
periodically evaluate the prices of their competition. They will also
analyze economic trends to determine the demand for hotel reservations
based on tourism and business travel.
Track Hotel Revenue:
Revenue Managers will work with various departments within a hotel to
create a budget and use accounting processes to determine the hotel’s
revenue after expenditures. They will report financial information to
general managers and make suggestions for increasing revenue through
changes in pricing and efforts in generating more business.
Revenue
Manager Skills: As expected, a Revenue Manager would need excellent
analytical, communication, customer service and organizational skills in
order to be effective in this position. Both written and verbal
communication skills are a must, as Revenue Managers typically conduct
meetings and submit reports. They should be strong team leaders who can
focus a group on achieving the same goal of creating revenue for a
lodging establishment. An attention to detail, above average math skills
and the ability to meet deadlines are all important aspects in revenue
management. In addition to these general skills, a Revenue Manager could
be expected by potential employers to possess the following skills.
Core skills:
Developing pricing strategies, including building rates for rooms and packages and determining discounts and specialty rates
Forecasting pricing and revenue based on demand and market trends
Evaluating trends in the economy and hospitality industry
Creating promotional plans to increase revenue
Understanding inventory management processes
Generating revenue reports

Additional skills:
Ability to communicate in multiple languages
Proficient in Microsoft Office applications


Source: Brightermonday_Co


Area:

Requirements

Supply chain data & operations associate at one acre fund

One Acre Fund is a nonprofit organization that supplies smallholder farmers in East Africa with asset-based financing and agriculture training services to...


From One Acre Fund - Nairobi Area

Published a month ago

Senior relationship manager

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.To us, good performance is about...


From Standard Chartered Bank - Nairobi Area

Published 24 days ago

Supply chain data & operations associate at one acre fund

Job Description One Acre Fund is growing quickly – we plan to more than triple our purchasing portfolio in the next 5 years and are spending over $70M on...


From One Acre Fund - Nairobi Area

Published a month ago

Supply chain data and operations associate

ABOUT ONE ACRE FUND Founded in 2006, One Acre Fund supplies 1 million smallholder farmers with the agricultural services they need to make their farms more...


From One Acre Fund - Nairobi Area

Published a month ago