Revenue Manager

Job description

Company Description

Welcome to the award-winning five-star Mövenpick Hotel Bahrain, located adjacent to Bahrain International Airport, with a magnificent view of the sprawling lagoon and less than 10 minutes away from downtown city centre of Manama, the capital of Kingdom of Bahrain. 

Job Description

We are seeking a detail-oriented and analytical Revenue Manager to join our team in Muharraq, Bahrain. As a key member of our organization, you will be responsible for optimizing revenue and maximizing profitability through strategic pricing and inventory management.

·  Develop and implement revenue management strategies to drive business growth and profitability
·  Analyze market trends, competitor pricing, and demand patterns to make data-driven decisions
·  Forecast revenue and occupancy levels across various market segments
·  Collaborate with sales, marketing, and operations teams to align revenue strategies
·  Monitor and evaluate the effectiveness of revenue management initiatives
·  Identify new revenue opportunities and propose innovative solutions
·  Prepare and present regular performance reports to senior management
·  Manage and optimize distribution channels to maximize revenue
·  Stay up-to-date with industry trends and best practices in revenue management
·  Train and mentor team members on revenue management principles and techniques

Qualifications

·  Bachelor's degree in Business Administration, Finance, Economics, or related field
·  3-5 years of experience in revenue management or a related field
·  Strong analytical and problem-solving skills with a detail-oriented approach
·  Proficiency in revenue management systems and tools
·  Advanced Excel skills and experience with data analysis software
·  In-depth knowledge of pricing strategies and market trends
·  Excellent forecasting and budgeting abilities
·  Strong communication and presentation skills
·  Ability to work collaboratively in a fast-paced environment
·  Customer-focused mindset with a goal-oriented attitude
·  Experience in the hospitality or travel industry is preferred
·  Revenue Management certification is a plus
·  Understanding of hospitality industry trends and market dynamics
·  Willingness to adapt to changing market conditions and implement innovative strategies