Taj Lake Palace
Location
Bhubaneswar | India
Job description
Job Responsibilities
. Develop and implement pricing and inventory strategies that increase market share and profitability.
. Utilize data and analytics to identify trends, opportunities, and areas for improvement.
. Analyze overall monthly hotel performance and provide summary reports with recommendations to improve long-term strategies.
. Annual Revenue budget planning and implementation strategy to achieve the targets
. Ensure all related systems are configured correctly, validated, and working to full capacity, ownership of correct processes, and utilization of the CRS and RMS tools available.
. Manage online travel agency (OTA) and other distribution channel partnerships, monitor channel performance, and optimize channel mix to maximize revenue and minimize cost of distribution.
. Establish and maintain RevPAR Penetration (RGI) leadership
. Monitor competitive pricing and strategies, and adjust hotel pricing and inventory strategies accordingly.
. Maintain and honor company guidelines on Best Rate Guarantee and Rate Parity
. Monitor Business on Books, Pickup, Pace, and Forecasts on a Daily / weekly basis, and drill down to identify and drive demand.
. Weekly revenue meetings with the GM
. Develop and execute promotional campaigns to drive revenue during low-demand periods, in line with corporate guidelines.
. Work closely with the Sales and marketing team to develop and execute effective demand-generation strategies.
. Develop and maintain strong relationships with internal and external stakeholders.
. Analyze and report on key performance indicators (KPIs) and make strategic recommendations to improve revenue.
. Identify and drive ancillary revenue levers for the property
. Ensure compliance with brand standards and best practices in revenue management.
. Provide training and support to hotel staff on revenue management strategies and techniques.
. Oversee and guide the Reservations team of the unit on daily operations, processes, and performance.
. Oversee and audit the standards and operations of the reservations department.
. Assistance in planning for future staffing needs of the reservations department and assistance in recruiting in line with company guidelines . Periodic training and coaching for self and reservations teams
. In case of off-property roles, periodic visits and engagement with the unit teams to maintain product knowledge and working relationships.
. Any other reasonable requests made by management.
Job Requirements. Develop and implement pricing and inventory strategies that increase market share and profitability.
. Utilize data and analytics to identify trends, opportunities, and areas for improvement.
. Analyze overall monthly hotel performance and provide summary reports with recommendations to improve long-term strategies.
. Annual Revenue budget planning and implementation strategy to achieve the targets
. Ensure all related systems are configured correctly, validated, and working to full capacity, ownership of correct processes, and utilization of the CRS and RMS tools available.
. Manage online travel agency (OTA) and other distribution channel partnerships, monitor channel performance, and optimize channel mix to maximize revenue and minimize cost of distribution.
. Establish and maintain RevPAR Penetration (RGI) leadership
. Monitor competitive pricing and strategies, and adjust hotel pricing and inventory strategies accordingly.
. Maintain and honor company guidelines on Best Rate Guarantee and Rate Parity
. Monitor Business on Books, Pickup, Pace, and Forecasts on a Daily / weekly basis, and drill down to identify and drive demand.
. Weekly revenue meetings with the GM
. Develop and execute promotional campaigns to drive revenue during low-demand periods, in line with corporate guidelines.
. Work closely with the Sales and marketing team to develop and execute effective demand-generation strategies.
. Develop and maintain strong relationships with internal and external stakeholders.
. Analyze and report on key performance indicators (KPIs) and make strategic recommendations to improve revenue.
. Identify and drive ancillary revenue levers for the property
. Ensure compliance with brand standards and best practices in revenue management.
. Provide training and support to hotel staff on revenue management strategies and techniques.
. Oversee and guide the Reservations team of the unit on daily operations, processes, and performance.
. Oversee and audit the standards and operations of the reservations department.
. Assistance in planning for future staffing needs of the reservations department and assistance in recruiting in line with company guidelines . Periodic training and coaching for self and reservations teams
. In case of off-property roles, periodic visits and engagement with the unit teams to maintain product knowledge and working relationships.
. Any other reasonable requests made by management.
Job tags
Salary
