Revenue Manager

About The Red Palace

The Red Palace, located in Riyadh, Saudi Arabia, is an ultra-luxury boutique hotel that was originally built in 1943. This historic landmark has been transformed to blend timeless elegance with contemporary sophistication, offering meticulously restored architecture and curated cultural experiences. The Red Palace aims to provide an exclusive glimpse into the Kingdom’s past while delivering a modern interpretation of luxury hospitality.

The Role of Revenue Manager

The Revenue Manager is responsible for maximizing rooms and total revenue at The Red Palace. This full-time role involves strategic pricing, inventory control, and demand forecasting. The Revenue Manager will collaborate closely with the Sales, Reservations, and Marketing teams to ensure commercial performance aligns with the property's luxury positioning.

Key Responsibilities

• Develop and execute pricing strategies across all segments (transient, group, corporate, wholesale) and channels (OTA, GDS, direct, voice).
• Build and maintain rolling demand forecasts (30/60/90-day and annual) using historical data, market trends, and on-the-books pace.
• Conduct daily rate and inventory reviews, adjusting restrictions (minimum stay, closed-to-arrival) to optimize RevPAR.
• Manage the RMS/PMS revenue configuration and ensure rate parity across all distribution channels.
• Lead weekly revenue strategy meetings with the General Manager, Sales, and Reservations leadership.
• Prepare daily pick-up reports by market segment.
• Analyze competitive set performance using STR reports and rate shopping, adjusting positioning as needed.
• Collaborate with the Sales team on group pricing, displacement analysis, and contract negotiation.
• Prepare monthly revenue performance reports and budget/forecast variance analysis.
• Champion The Red Palace's brand standards and rate integrity across all market segments.
• Ensure compliance with all hotel policies, procedures, and brand standards.
• Ensure accuracy of rate details in the PMS and all distribution channels, including ARI, rate pricing, packages, cancellation policies, guarantee & payment policies, and children policy.

Required Experience

• Candidates should possess 5-10 years of experience in a relevant revenue management role.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within an ultra-luxury boutique hotel setting.