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Revenue Optimization Executive
4 months ago
We're searching for a Revenue Optimization Executive who is responsible to maximize the hotel's revenue and profitability by developing and implementing strategies that optimize room rates, occupancy level and other revenue generating opportunities.
A little taste of your day-to-day:
Every day is different, but you'll mostly be:
- Prepares for weekly revenue meeting with reports and suggestions to maximize revenue in the outlets. Work closely with Director of Revenue in preparing weekly forecast for F&B outlets and C&E
- Using the tools provided (i.e. ResPak, NetvuPoint) and in compliance with the IHG standards, maintains, updates and shares information in the areas required, capture ratios, menu engineering, C&E meeting space allocation.
- Monitor competitor pricing, understands the dynamic of local market and the demand generators, and recommend appropriate actions.
- Implementing up selling in the outlets to maximize revenue.
- Under the supervision of the Director of Revenue coordinate the preparation of the Departmental annual budget and work to achieve the budget by monitoring and controlling the departmental operations, considering revenue and expenditure.
- Ensure the F&B reservations team is fully aware and comply with up selling techniques to maximize revenue
- On an ongoing basis, control and analyze revenue trends to ensure performance against budget/market trends; implementing corrective measures where necessary to produce positive business results
- Effectively manage staffing costs by preparing efficient work schedules in line with legal requirements
What We need from you:
- Minimum 1 year experience in a similar role with a 5* hotel and be passionate about Revenue Management and its implementation in all aspects of the business
- Must have a strategic mindset and able to think critically
- Bachelor's degree from a reputed university
What you can expect from us:
We give our people everything they need to succeed.
From a competitive salary that rewards all your hard work to a wide range of benefits designed to help you live your best work life - including a full uniform, impressive room discounts and some of the best training in the business.
Our mission is to welcome everyone and create inclusive teams where we celebrate difference and encourage colleagues to bring their whole selves to work.
IHG Hotels & Resorts provides equal employment opportunities to applicants and employees without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.
We promote a culture of trust, support, and acceptance. Always welcoming different backgrounds, experiences, and perspectives.
IHG gives every member of the team the room they need to belong, grow and make a difference in a collaborative environment.
We know that to work well, we need to feel well - both inside and outside of work - and through our myWellbeing framework, we are committed to supporting wellbeing in your health, lifestyle, and workplace.
So, join us and you'll become part of our ever-growing global family.