Hotel Revenue Manager
Skye Hotel
Job Type: Full-time
Industry: Hospitality / Hotel Management
Job Summary
We are seeking an experienced and results-driven Hotel Revenue Manager to maximize room revenue, optimize occupancy, and develop effective pricing strategies across our group of hotels. The successful candidate will analyze market trends, monitor competitor pricing, forecast demand, and implement revenue management strategies to improve overall hotel performance.
The ideal candidate has strong analytical skills, experience with hotel property management systems, and a solid understanding of revenue optimization, distribution channels, and hospitality operations.
Key Responsibilities
- Develop and implement revenue management strategies to maximize room revenue, occupancy, Average Daily Rate (ADR), and Revenue Per Available Room (RevPAR).
- Monitor competitor pricing, market trends, local events, and demand patterns to identify revenue opportunities.
- Manage room rates, inventory, availability, and restrictions across hotel booking systems and online travel agencies (OTAs).
- Analyze booking pace, historical data, occupancy forecasts, and market demand to optimize pricing decisions.
- Prepare and review daily, weekly, monthly, and quarterly revenue reports.
- Forecast room demand, occupancy, and revenue to support business planning and decision-making.
- Monitor reservation trends and booking channels to improve revenue performance and distribution efficiency.
- Collaborate with Sales, Marketing, Reservations, and Front Office teams to implement pricing strategies, promotions, and sales initiatives.
- Review market segment performance and recommend strategies to increase profitability.
- Maintain accurate rates, inventory, and data across property management and revenue management systems.
- Identify opportunities to improve room revenue, reduce unsold inventory, and strengthen the hotel's competitive position.
- Provide regular revenue performance updates and strategic recommendations to senior management.
- Ensure effective coordination between hotel departments to support revenue and occupancy goals.
Qualifications and Requirements
- Post-secondary education in Hospitality Management, Business Administration, Economics, Finance, or Revenue Management is preferred.
- Previous experience in hotel revenue management, pricing, forecasting, or a related hospitality role.
- Experience with property management systems such as Opera or WebRezPro is an asset.
- Strong knowledge of Microsoft Excel, data analysis, and revenue reporting.
- Understanding of hotel revenue management principles, forecasting, pricing strategies, and distribution channels.
- Familiarity with OTAs and hotel booking platforms.
- Excellent analytical, problem-solving, communication, and organizational skills.
- Strong attention to detail and accuracy.
- Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Ability to work independently and collaborate effectively with hotel management and operational teams.
What We Offer
- Competitive compensation based on experience and qualifications.
- Opportunities to contribute to the growth and performance of a multi-hotel portfolio.
- A collaborative and professional working environment.
- Opportunities for professional growth and career development in hospitality revenue management.
Skye Hotel uses Workwolf’s AI-enabled tools to sort and screen applications based on job-related criteria. All hiring decisions involve human review.
#J-18808-LjbffrVacancy posted 9 hours ago
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