Job Summary
The Revenue Manager is responsible for developing and implementing revenue management strategies to maximize profitability, occupancy, and overall business performance across I'M Hotel, Manila Ocean Park, and Hotel H2O. The role analyzes market trends, demand forecasts, pricing strategies, and business performance while working closely with Sales, Marketing, Reservations, Operations, and Finance to optimize revenue opportunities.
Duties and Responsibilities
- Develop Revenue Strategies: Formulate and implement pricing, inventory, and distribution strategies to maximize revenue, occupancy, ADR (Average Daily Rate), RevPAR (Revenue per Available Room), and overall business performance across all properties.
- Analyze Market and Business Performance: Monitor market trends, competitor pricing, demand forecasts, historical data, and business performance to identify opportunities and recommend revenue optimization strategies.
- Manage Distribution Channels: Oversee room inventory and rate availability across OTAs, GDS, brand websites, and other distribution channels while ensuring pricing accuracy and rate parity.
- Collaborate with Business Units: Work closely with Sales, Marketing, Reservations, Front Office, Finance, and Operations to develop promotional campaigns, group pricing strategies, and revenue-generating initiatives.
- Monitor Performance and Reporting: Prepare revenue forecasts, budgets, occupancy reports, pace reports, and performance analyses, presenting actionable recommendations to senior management.
- Drive Revenue Optimization and Compliance: Identify new revenue opportunities, improve revenue management processes, ensure compliance with company standards, and support strategic business decisions through data-driven insights.
