Achieving and surpassing budgeted financial objectives for the hotel.
Ensuring yield opportunities in the hotel are maximized via the application of revenue management techniques and structured processes.
Oversee revenue management and distribution strategy of the hotel and manage day to day yield operations.
Perform competitive benchmark studies and follow market trends.
Create and develop pricing strategies in conjunction with the individuality of each hotel.
Provide weekly dynamic forecast of expected results, variances and budget comparisons.
Responsible for assessing, analyzing and pricing group business strategies.
Analyze overall monthly hotel performance and provide summary report with recommendations to improve long term strategies.
Oversee and audit the standards and operations of the reservations department.
Ensure hotel personnel is fully competent in the use of all systems
Work in liaison with hotel sales and reservations departments as a team.
Regularly check the input and the quality of data (segmentation, denials tracking, etc)points.
Conduct quarterly property performance review and develop strategic and tactical action
Responsible for best practice standards to include: competitor analysis; environmental scanning; market modeling; distribution yield management; business mix yield management; length of stay yield management; inventory availability by channel; pricing control and new pricing concepts
Reduce the cost of distribution by finding new less expensive means of delivering business.
Prepare outline for and support the annual revenue budget process.
Inspire Hotels HODs to further embed a revenue management culture.
Visit the hotels to get first-hand knowledge of all revenue management issues and other key areas.
Any other reasonable requests made by management.
Salary: Not Disclosed by Recruiter
Industry: Travel / Hotels / Restaurants / Airlines / Railways
Functional Area: Hotels, Restaurants