Revenue Manager

Job description

She leads the employer The Red Sea's strategic revenue management initiatives. Monitors and analyzes group and temporary business trends over a five-year period to ensure improved demand, availability and revenue. Provides accurate data analytics for short-term revenue impacts, impacting occupancy, average day rate and overall room profitability over a 53-week operating period. Participates in daily revenue meetings, sales strategy sessions and property visits to ensure alignment and rapid response to market. Analyzes STAR reports and RevPAR index changes to guide revenue strategies. Develops and shares revenue management best practices across the portfolio. Tracks industry, market and economic trends and reports them to leadership. Collaborates with marketing to generate demand in quiet periods through targeted campaigns and strategic offers. Leads monthly forecast reviews with the goal of maintaining forecast accuracy within ±5%. Supports the annual operational plan and develops the annual revenue management strategy. Fosters relationships with brand partners, owners, e-travel agencies, industry groups such as HSMAI and local educational institutions. Supports higher displacement analyzes and revenue decisions for group businesses and extended stays. Guides the annual request for proposals process with strategic insights and oversight. Trains sales and reception teams on revenue management principles and tools to maximize revenue potential

Requirements

• excel
• sales
• Guest experience

Skills