The Director of Revenue is responsible for optimizing the hotel's and RGI (Revenue Generation Index - measuring the hotel's position as compared to the competition) sales revenue.
Close interaction with the hotel's senior management.
Takes part in determining budget and strategy & is accountable for its implementation.
She/He is responsible for pricing strategy and for optimizing inventory.
Must provide a global perspective on Revenue Management to the whole hotel.
Organization and monitoring of all affairs concerned to the position.
Proper grooming at all times
Attend training classes as per schedule
Show fullest cooperation and respect within the team and other departments
Is aware of the daily activities and has product knowledge of all the hotel facilities
Duties & Responsibilities
Supports the budgetary process and the yearly strategy.
Devises the yearly budget per segment, per day
Determines sales strategy
Determines yearly rate tables for all market segments
Develops and steers the hotel's Revenue strategy.
Prepares forecasts and chairs the Revenue meeting
Determines and implements pricing strategies and circulates the recommendations
Nurtures relations with internet partners
Updates rates and restrictions throughout all distribution channels
Collects, integrates and studies market and competition data on a daily basis
Produces benchmarking, GDS performance and other reports.
Maintains work systems and tools.
Maintain the revenue reporting system and analyze reservation patterns.
Staying up to date on any software or data management trends.
Be totally familiar with hotel products, rates, and promotions at all times.
Maintain up to date understanding of company products and rates and involvement in cross selling of these when required.
Be aware of the strengths and weaknesses of all competing hotel and restaurant products and provide weekly regular updates after visiting competition hotels allocated for tracking purposes.
Provide ongoing market intelligence by monitoring business sources and segments.
Penetrate and saturate prospective and existing customer organizations for effective multi department selling.
Assist the Director of Sales and Di and in pursuing new market segments to secure sales and prepare proposals for consideration.
Positive communication of the hotel image to existing and potential customer at all times.
Ensure that revenues and / or cost controls are maximized through proactive actions rather than reactive management.
Report on trends in the industry and local markets.
Attends the hotel's revenue meetings as scheduled.
Qualifications
Qualifications
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