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Revenue Manager

2 weeks ago

Delhi, Delhi, India TheSqua Serviced Apartments Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Job Responsibilities:

  • Daily pick-up analysis, strategy adjustments and reporting.
  • Perform competitive benchmark studies and follow market trends.
  • Provide weekly dynamic forecasts of expected results, variances and budget comparisons.
  • Manage and oversee strategy for all 3rd party distribution
  • Ensure all OTAs and Social Media Portals are configured correctly, validated and working to full capacity.
  • Oversee and audit the standards and operations of the reservations department.
  • Ensure website booking process is maintained up-to-date and functional.
  • Evaluate performance of distribution partners and contracted rates (OTA, Social Media Portals)
  • Reduce the cost of distribution by finding new less expensive means of delivering business
  • Confident in working with our Channel manager in updating rates, rate plans and checking perfect synch with our PMS system
  • Responsible for assessing, analyzing and pricing rate and group business strategies
  • Be a number -savvy and revenue minded person who is responsible for daily pick-up analysis, strategy adjustment and reporting.
  • Highly confident in the use of Excel
  • Develop pricing strategies for various products and services, ensuring they are competitive and attractive to clients.
  • Managing the inventory. This involves allocating rooms, monitoring sales, and adjusting availability based on demand and strategic goals.
  • Regularly monitoring and reporting on revenue performance. This includes analyzing key performance indicators (KPIs) and generating reports that help in decision-making.
  • Implementing yield management strategies to maximize revenue. This includes making decisions on pricing and availability in response to demand variations.
  • Utilizing various tools and technology for data analysis and decision-making. This often involves using specialized revenue management software built in-house.
  • Forecasting future revenue and assisting in the budgeting process. This may include setting revenue targets and identifying potential areas for revenue growth.
  • Ensuring compliance with industry standards and practices, and keeping up-to-date with the latest trends and developments in OTA revenue management.
  • Customer Insight and Feedback Analysis: Analyzing customer feedback and market research to understand customer preferences and adjusting strategies accordingly.
  • Account support work is required to support the reservation team in the daily admin such as handling calls, live chat and converting enquiries into booking

Shift: 1 PM to 9:30 PM

Requirements:

  • 5+ years of experience in Revenue Management (From Hospitality/ Travel sector)
  • Prior experience into reservations and guest bookings preferable
  • Excellent communication and presentation skills
  • High energy levels, good analytical & problem solving skills, organizing skills, positive attitude.
  • Willingness to work in afternoon shift
  • Team management skills