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  • Published on: Thu 03 Nov, 2022
  • Property/Brand: UIP
  • Location: Albufeira
  • Department: Revenue Management
  • Duration: Full Time
  • Type: Work

Director of Revenue Management

Mission: This professional might conduct analyses of prices offered by other hotels to develop competitive prices and discounts.

Job Description:

  • Oversees revenue management activities and managers within area of purview;
  • Responsible for balancing the financial objectives of different lodging products to maximize total revenues and profit associated with guest rooms;
  • Position is accountable for pricing, positioning and inventory of all hotels within area of purview;
  • Oversees all processes associated with demand, revenue, inventory, forecasting and opportunity analysis;
  • Develops and recommends sales strategy for pricing of the transient customer, wholesale, and group segments.  Identifies new revenue opportunities and effectively communicates sales strategy and pricing to all key stakeholders;
  • Acts as primary contact and maintains productive relationships with all stakeholders, including hotel General Managers, sales leaders, franchisees and owners;
  • Generates updates on transient segment each period and continually analyzes transient booking patterns;
  • Provides critical input to property leaders for development of market sales strategy;
  • Maintains accurate reservation system information;
  • Checks distribution channels regularly for hotel positioning, information accuracy and competitor positioning;
  • Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts;
  • Generates and provides accurate and timely results in the form of reports, presentations, etc;
  • Observes, receives, and otherwise obtains information from all relevant sources;
  • Submits reports in a timely manner, ensuring delivery deadlines;
  • Analyzes weekly and monthly STAR information to assist in analyzing past strategies; identifies areas needing improvement, identifies competitor set strengths, and develops strategies to best capture available Market Share;
  • Analyze STAR information to assist in development of RevPAR Index forecasts;
  • Generates yearly room revenue budget.

Requirements:

  • Knowledge of brand reservations and revenue management systems;
  • Develops and manages internal key stakeholder relationships;
  • Ability to work quickly in a high-pressure environment;
  • Excellent time-management skills;
  • Attention to detail and high organizational skills;
  • Strong sense of responsibility and rigor.

Education/Experience:

  • Bachelor’s Degree or equivalent in Hotel or Hospitality Management;
  • 5 or more years of experience in the area.

Languages Knowledge:

  • Excellent communication skills in English and Portuguese (written and spoken).

Would you like to join our team? Apply Now!