Supports the budgetary process and the yearly strategy.
Devises the yearly budget per segment, per day
Determines sales strategy
Determines yearly rate tables for all market segments
Develops and steers the hotel\xe2\x80\x99s Revenue strategy.
Prepares forecasts and chairs the Revenue meeting
Determines and implements pricing strategies and circulates the recommendations
Nurtures relations with internet partners
Updates rates and restrictions throughout all distribution channels
Collects, integrates and studies market and competition data on a daily basis
Produces benchmarking, GDS performance and other reports.
Maintains work systems and tools.
Maintain the revenue reporting system and analyze reservation patterns.
Staying up to date on any software or data management trends.
Be totally familiar with hotel products, rates, and promotions at all times.
Maintain up to date understanding of company products and rates and involvement in cross selling of these when required. * Be aware of the strengths and weaknesses of all competing hotel and restaurant products and provide weekly regular updates after visiting competition hotels allocated for tracking purposes.
Provide ongoing market intelligence by monitoring business sources and segments.
Penetrate and saturate prospective and existing customer organizations for effective multi department selling.
Assist the DOSM in pursuing new market segments to secure sales and prepare proposals for consideration.
Positive communication of the hotel image to existing and potential customer at all times.
Ensure that revenues and / or cost controls are maximized through proactive actions rather than reactive management.
Report on trends in the industry and local markets.
Attends the hotel\xe2\x80\x99s revenue meetings as scheduled.
Qualifications
Knowledge and Experience
Bachelor\xe2\x80\x99s Degree from a reputable hospitality school
Minimum 7 - 8 years of revenue management experience or at least 2 years of experience in a similar capacity with proven records
High degree of professionalism with strong understanding of global markets and business acumen
Excellent reading, writing and oral proficiency in English language