Manager - Revenue Management
1 week ago
Responsibilities:
Market Analysis & Demand Forecasting:
- Conduct thorough market research to analyze industry trends, competitor pricing, and customer behavior.
- Develop accurate demand forecasts to optimize pricing strategies and resource allocation.
- Monitor key performance indicators (KPIs) such as occupancy rates, average daily rates (ADR), and revenue per available room (RevPAR) to track performance and identify areas for improvement.
Pricing Strategy & Optimization:
- Develop and implement dynamic pricing strategies based on market conditions, demand fluctuations, and competitor pricing.
- Utilize revenue management software and tools to optimize pricing across various channels (direct bookings, online travel agencies, etc.)
- Analyze the impact of pricing strategies on revenue and profitability.
Reporting & Recommendations:
- Prepare comprehensive reports and presentations to communicate revenue management insights and recommendations to stakeholders.
- Collaborate with sales, marketing, and other departments to ensure alignment with revenue management strategies.
- Stay informed of the latest trends and best practices in revenue Bachelors/masters degree in Business Administration, Hospitality Management, Statistics, or a related field (preferred).
- Minimum of 2+ years of experience in revenue management or a relevant analytical role.
- Strong understanding of revenue management principles, pricing strategies, and demand forecasting techniques.
- Proficiency in data analysis tools (Excel, SQL) and revenue management software (a plus).
- Excellent analytical and problemsolving skills with the ability to identify trends and draw actionable insights from data.
- Strong communication and presentation skills to effectively communicate complex data and recommendations.
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