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Revenue Manager

AccorHotelChennai, Tamil Nadu, India

15 days ago

Job description

Job Description

We are seeking a detail-oriented and analytical Revenue Manager to join our team in Chennai, India. In this role, you will play a crucial part in developing and implementing revenue management strategies to maximize our organization's financial performance.

Assist in formulating and executing revenue management strategies and pricing decisions
Analyze booking patterns, market trends, and competitive data to forecast demand and adjust pricing accordingly
Monitor and optimize room rates, availability, and inventory to maximize revenue
Generate and analyze daily, weekly, and monthly revenue reports
Track and report on key performance indicators (KPIs), including occupancy, average daily rate (ADR), and revenue per available room (RevPAR)
Prepare and present reports and recommendations to the Revenue Manager and other stakeholders
Conduct market research to identify trends, opportunities, and threats
Monitor competitor pricing, promotions, and market positioning
Provide insights and recommendations based on competitive analysis
Collaborate with sales and front office teams to ensure optimal pricing and inventory management
Utilize revenue management systems (RMS) and property management systems (PMS) to track and manage inventory and pricing
Ensure data accuracy and system integrity for effective decision-making
Assist in training and mentoring junior staff or new team members in revenue management practices and tools
Stay updated with industry trends and best practices through continuous learning and professional development

Qualifications

Bachelor's degree in Hospitality Management, Business Administration, or related field

5-8 years of experience in revenue management or a related role

Strong knowledge of revenue management strategies and pricing optimization techniques

Proficiency in revenue management systems (RMS) and property management systems (PMS)

Advanced skills in Microsoft Excel and data visualization tools

Excellent analytical and problem-solving abilities

Strong communication and presentation skills

Ability to work collaboratively in a team environment

Detail-oriented with a high level of accuracy in data analysis and reporting

Goal-oriented mindset with a focus on achieving revenue targets

Adaptability to changing market conditions and ability to make quick, data-driven decisions

Knowledge of the hospitality industry and current market trends (preferred)

Experience with statistical analysis and forecasting methods

Ability to work under pressure and meet deadlines in a fast-paced environment

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Manager Revenue • Chennai, Tamil Nadu, India