Revenue Manager

About Mövenpick Hotels & Resorts

Mövenpick Hotels & Resorts is part of the Accor network, a group comprising over 45 brands, 5,500 hotels, and 10,000 restaurants and lifestyle destinations. The organization emphasizes responsible hospitality and provides opportunities for professional development and advancement within its global network.

The Role of Revenue Manager

We are seeking a Revenue Manager to join our team in Al Khobar, Eastern region. This full-time position requires 2-5 years of experience. The Revenue Manager will be responsible for driving revenue growth across hotels and brands, optimizing pricing strategies and channel performance, and implementing best practices using sector-leading technology. The role involves close collaboration with Sales, Marketing, and Reservations teams to achieve business goals.

Key Responsibilities

• Develop and implement revenue strategies for the hotel.
• Monitor competitor pricing and market trends to adjust strategies effectively.
• Lead weekly/bi-weekly Revenue Management meetings, providing insights based on reporting data.
• Develop top-line revenue forecasts and identify opportunities to drive incremental profit across all revenue centers.
• Conduct regular performance reviews and optimize pricing and inventory.
• Mentor, coach, and develop junior team members in revenue management practices.
• Collaborate with sales, finance, and front office teams to achieve revenue goals.
• Ensure reservations are well managed and coordinate with the reservations team.
• Drive market share within the competitive set and ensure all systems are adequately used to optimize RevPAR.
• Leverage knowledge of the distribution landscape, including online travel agencies and distribution networks, to optimize hotel profits.
• Responsible for data quality and system hygiene of Revenue Management and Distribution applications, platforms, and tools used by the hotel.

Qualifications and Experience

• A minimum of 2-5 years of experience in revenue management.
• Demonstrated ability to formulate and execute revenue strategies.
• Experience in managing inventory and collaborating with executive teams on forecasting and pricing.
• Proficiency in using revenue management and distribution applications and tools.

Team and Working Environment

As a Revenue Manager, you will contribute to our internal and external revenue management community of practice. You will receive learning and development support as you advance your career within the organization.