Revenue Manager

Job description

· Oversee and guide to formulate transient and hotel inventory restrictions and pricing strategies towards the goal of increasing market share and maximizing revenues for the hotel.
· Ensure hotel's sales strategy and pricing recommendations are implemented across all channels, Hyatt key revenue system and market segment.
· Analyze and communicate results of strategies and tactics deployed on a monthly basis to regional team, hotels team and ownership group.
· Ensure that each member of the team is deploying Hyatt corporate revenue management strategies, and following the standards outlined in the Revenue Management Standards and Procedures manual.
· Oversee the relationship with OTA market manager to maximizing revenue and marketing exposure.
· Oversee the revenue forecasting process for hotel to ensure that the accuracy of each forecast falls within Hyatt standards. Prepare the Annual Budget for hotel.
· Work with Sales team to develop and implement coordinated group pricing and inventory strategies and appropriate booking guidelines.
· Develop a coordinated pricing strategy for the sales team. Partner with the Sales leadership to ensure that each hotels strategy is aligned on an account-by-account basis.
· Facilitate and lead weekly hotel Business Optimization Meeting in accordance with Hyatt Revenue Management standards.
· Conduct regularly one on one meetings with General Manager and Director of Sales & Marketing to review past results and develop priorities for the next month/ quarter.

Quantitative Dimensions

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Market share as measured on the STAR report

·
Revenue performance as measured against the annual budget

·
Revenue Management Scorecard

Desired profile

Qualifications :

· 
Minimum of 3 years' experience preferred in managerial level position in hotel revenue management discipline

Bachelor's Degree in Hospitality Management, Business, Economics, or a related field

· 
Proficient in Microsoft Office suite of applications such as Excel, Word, Access, PowerPoint and Outlook

· 
Technically skilled in managing all systems related to Revenue Management. These include but are not limited to Hotel Industry Revenue Management Systems, Central Reservation Systems, Property Management Systems, Sales and Catering Systems, Passkey and Cognos or another form of business intelligence tool