Onboarding Executive
Job Description
Job Title:
Revenue Associate
Position Overview:
We are seeking a dynamic and detail-oriented Revenue Associate to join our team. The Revenue Associate will play a key role in optimizing revenue and maximizing profitability by implementing effective pricing and inventory strategies. The ideal candidate will have a strong analytical mindset, excellent communication skills, and a keen understanding of market dynamics within the hospitality industry.
Key Responsibilities:
Rate Optimization:
Monitor and adjust room rates based on demand, occupancy levels, and market trends.
Implement pricing strategies to maximize revenue and achieve target occupancy rates.
Forecasting:
Utilize historical data and forecasting tools to predict future demand and occupancy.
Collaborate with other departments to align strategies with overall business goals.
Distribution Management:
Manage online distribution channels, ensuring accurate and up-to-date information.
Optimize inventory distribution across various channels to maximize revenue potential.
Competitor Analysis:
Conduct regular competitive analysis to stay informed about market trends and pricing strategies.
Adjust pricing and promotional strategies based on competitor actions.
Reporting and Analysis:
Generate and analyze reports related to revenue performance, occupancy, and average daily rate.
Provide actionable insights and recommendations based on data analysis.
Collaboration:
Work closely with sales, marketing, and operations teams to align revenue strategies with promotional activities.
Participate in regular revenue management meetings to discuss strategies and performance.
Promotions and Packages:
Create and manage promotional packages to drive revenue during specific periods.
Monitor the success of promotions and adjust strategies as needed.
Contract Management:
Negotiate and manage contracts with distribution channels, wholesalers, and corporate clients.
Ensure that negotiated rates and terms are accurately reflected in the hotel’s systems.
Customer Relationship Management:
Build and maintain positive relationships with key accounts and repeat customers.
Address customer inquiries related to rates, availability, and promotions.
Training and Development:
Stay updated on industry trends, revenue management best practices, and emerging technologies.
Provide training and support to team members on revenue management concepts.
Qualifications:
Bachelor’s degree in Hospitality Management, Business, or a related field.
Proven experience in revenue management or a related role within the hospitality industry.
Strong analytical skills and proficiency in data analysis tools.
Excellent communication and interpersonal skills.
Familiarity with revenue management software and tools.
Detail-oriented with the ability to multitask and meet deadlines.
Experience:
Min. 1 yr
Salary:
max. 2lpa
Location:
Bhopal
*for more information contact our HR on: 7047930137
