15 Nov 2023
Revenue Manager Dubai UAE
Position: Revenue Manager
Date posted: 2023-11-15
Industry: other
Employment type: Full Time
Experience: 5 year
Qualification: Bachelor’s Degree holder
Salary: AED 6000 to 8000
Location: Dubai, United Arab Emirates
Company: Confidential
Description:
Hiring Revenue Manager
Key Responsibilities:
Rate Management:
- Monitor and adjust room rates based on market demand, competitor analysis, and historical data.
- Ensure rate parity across all distribution channels, including the hotel’s website, online travel agencies (OTAs), and Global Distribution Systems (GDS).
Demand Forecasting:
- Analyze historical data, booking patterns, and market trends to accurately forecast demand.
- Develop and implement strategies to maximize revenue during peak and off-peak periods.
Distribution Channel Management:
- Manage relationships with OTAs, tour operators, and other distribution partners.
- Negotiate contracts and terms to optimize revenue and distribution reach.
Competitor Analysis:
- Continuously monitor competitor pricing and positioning to maintain a competitive edge.
- Provide insights and recommendations to the management team based on competitor analysis.
Inventory Management:
- Oversee room inventory allocation to different distribution channels.
- Implement strategies to minimize overbooking and underutilization of rooms.
Reporting and Analysis:
- Generate regular reports on revenue performance, booking trends, and market share.
- Identify areas for improvement and make data-driven recommendations.
Price Optimization:
- Implement dynamic pricing strategies to capture market share and maximize revenue.
- Utilize pricing tools and software to automate and streamline rate adjustments.
Collaboration:
- Work closely with the sales and marketing teams to align pricing strategies with promotional campaigns and events.
- Collaborate with revenue management systems and technology to enhance efficiency.
Qualifications:
- Bachelor’s degree in Hospitality Management, Business, or a related field (Master’s degree preferred).
- Minimum of 5 years of experience in revenue management or yield management within the hospitality industry.
- Proficiency in revenue management software and tools.
- Strong analytical and data-driven decision-making skills.
- Excellent negotiation and communication skills.
- Ability to work in a fast-paced, dynamic environment.
- In-depth knowledge of the Dubai hospitality market is a plus.
- Certification in revenue management is advantageous
With the subject line “Revenue Manager