Revenue Manager

Job Description

We're looking for an experienced Revenue Manager to join our team at our backpacker hostel. The successful candidate will be responsible for maximizing revenue potential by managing room rates, inventory, and distribution channels. This role involves analyzing market trends, adjusting rates, and developing promotional strategies to attract guests. Key Responsibilities: - Revenue Management: - Manage and maintain group and transient inventory controls - Develop, monitor, and adjust sales and pricing strategies - Conduct competitive and demand analysis - Distribution Channel Management: - Maintain distribution channel data integrity - Ensure accurate rates and inventory allotments across all booking channels - Analysis and Reporting: - Provide critical analysis of strategies, room statistics, and demand factors - Prepare rolling forecast and annual budget - Analyze market trends and competitor pricing - Collaboration: - Work closely with sales and marketing teams to develop promotional strategies - Collaborate with other departments to align revenue strategies and achieve business goals Requirements: - Bachelor's degree in Business or related field - 2-4 years of experience in revenue management in the hospitality industry - Excellent analytical and problem-solving skills - Strong communication and interpersonal skills - Ability to work independently and prioritize tasks effectively - Proficiency in Microsoft Office, particularly Excel Skills: - Analytical skills: Ability to analyze market trends, competitor pricing, and demand factors - Communication skills: Strong verbal and written communication skills - Problem-solving skills: Ability to navigate challenges related to inventory management and revenue optimization - Technical skills: Proficiency in revenue management systems, property management systems, and distribution channels Show more Show less