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Revenue Manager Jobs
Company | Millennium Hotels and Resorts |
Address | United States |
Employment type | FULL_TIME |
Salary | |
Category | Hospitality |
Expires | 2023-09-07 |
Posted at | 9 months ago |
Millennium & Copthorne Hotels Limited is one of the largest hotel owners and operators in the world and Singapore's largest international hotel group. Our global brands consist of the Leng’s Collection, M Collection, Millennium Collection and Copthorne Collection, and are located throughout Asia, Europe, the Middle East, New Zealand and United States. Occupying the best locations in major gateway cities, our hotels have the perfect address for business and leisure travellers.
We are a distinguished international hotel chain operating a portfolio of over 100 hotels worldwide. With a commitment to delivering exceptional guest experiences, we set industry benchmarks in hospitality excellence across the globe.
As we continue to grow and expand, we recognize the need for a skilled Revenue Manager to join our international revenue team.
In this role, you will be responsible for optimizing revenue and driving profitability for our hotels, focusing on properties located in North America. Ideal candidates should possess experience working with renowned international hotel chains like Marriott, IHG, Hilton, etc.
Job Scope
- Collaborate closely with the Revenue Management team to implement strategies that maximize revenue and profit across North American properties.
- Work in tandem with the Sales and Marketing teams to develop and implement promotional offers and packages.
- Conduct regular competitor analysis to ensure competitive positioning and recommend strategic adjustments.
- Stay up-to-date with industry trends, market changes, and technology advancements in revenue management.
- Generate regular reports and presentations to communicate revenue performance, trends, and recommendations to senior management.
- Monitor booking patterns, occupancy rates, and market demand to identify opportunities and risks for revenue generation.
- Maintain open communication with North American properties during their business hours, supporting any revenue-related queries or needs.
- Utilize revenue management software and tools to analyze data and forecast demand, adjusting pricing strategies accordingly.
- Analyze market trends, competitor data, and historical performance to develop pricing and revenue optimization strategies.
- Collaborate with property managers and regional teams to ensure the effective execution of revenue management strategies.
Requirements
- Strong understanding of revenue management principles, strategies, and industry best practices.
- Minimum of 5 years of experience in Revenue Management within an international hotel chain environment.
- Ability to work permanent night shifts to support North American time zones.
- Proven ability to work independently and make data-driven decisions.
- Proficiency in revenue management software and tools to analyze data and forecast demand.
- Detail-oriented with a proactive approach to identifying opportunities for revenue optimization.
- Highly organized and capable of managing multiple tasks simultaneously.
- Proven experience working with well-known international hotel chains such as Marriott, IHG, Hilton, etc.
- Bachelor's degree in Hospitality Management, Business Administration, or a related field; Master's degree preferred.
- Willingness to stay current with industry trends, best practices, and technology advancements.
- Excellent communication and interpersonal skills to collaborate with cross-functional teams.
- Adept at adapting strategies to changing market conditions and business needs.
- Exceptional analytical skills with the ability to interpret data, trends, and market dynamics.
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