Revenue Management Specialist

4 days ago


Dubai, Dubai, United Arab Emirates kempinski hotel Full time
Job Description

Revenue Management Specialist

Kempinski Hotels is seeking a highly skilled Revenue Management Specialist to join our team. As a key member of our revenue management team, you will be responsible for driving revenue growth and profitability through effective pricing and yield optimization strategies.

Key Responsibilities:

  • Pricing and Yield Optimization: Develop and implement pricing strategies to maximize revenue and profitability, taking into account market trends, competitor activity, and customer behavior.
  • Market Analysis: Conduct thorough market analysis to identify opportunities and threats, and provide insights to inform pricing and revenue management decisions.
  • Revenue Forecasting: Develop and maintain accurate revenue forecasts, taking into account historical data, market trends, and seasonal fluctuations.
  • Inventory Management: Effectively manage hotel inventory, including room rates, availability, and allocation, to maximize revenue and minimize losses.
  • Reporting and Analysis: Provide regular reporting and analysis to senior management, highlighting key revenue management metrics and trends.
  • Collaboration and Communication: Work closely with hotel departments, including sales, marketing, and operations, to ensure effective communication and collaboration on revenue management initiatives.
  • Compliance and Quality: Ensure compliance with Kempinski Hotels' revenue management standards and quality procedures, and maintain high levels of accuracy and attention to detail in all revenue management activities.

Requirements:

  • Education: Bachelor's degree in Hospitality, Business Administration, or related field.
  • Experience: Minimum 3 years of experience in revenue management, pricing, or a related field.
  • Skills: Strong analytical and problem-solving skills, with ability to interpret data and make informed decisions. Excellent communication and interpersonal skills, with ability to work effectively with hotel departments and senior management.
  • Tools and Systems: Proficient in revenue management software and systems, including IDEAS, EZ Yield, and Opera.


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