Company Description
"Why work for Accor?
We are far more than a worldwide leader. We welcome you as you are and you can find a job and brand that matches your personality. We support you to grow and learn every day, making sure that work brings purpose to your life, so that during your journey with us, you can continue to explore Accor’s limitless possibilities.
By joining Accor, every chapter of your story is yours to write and together we can imagine tomorrow's hospitality. Discover the life that awaits you at Accor, visit https://careers.accor.com/
Do what you love, care for the world, dare to challenge the status quo! #BELIMITLESS"
Job Description
We are seeking a detail-oriented and analytical Revenue Manager to join our team in Chennai, India. In this role, you will play a crucial part in developing and implementing revenue management strategies to maximize our organization's financial performance.
- Assist in formulating and executing revenue management strategies and pricing decisions
- Analyze booking patterns, market trends, and competitive data to forecast demand and adjust pricing accordingly
- Monitor and optimize room rates, availability, and inventory to maximize revenue
- Generate and analyze daily, weekly, and monthly revenue reports
- Track and report on key performance indicators (KPIs), including occupancy, average daily rate (ADR), and revenue per available room (RevPAR)
- Prepare and present reports and recommendations to the Revenue Manager and other stakeholders
- Conduct market research to identify trends, opportunities, and threats
- Monitor competitor pricing, promotions, and market positioning
- Provide insights and recommendations based on competitive analysis
- Collaborate with sales and front office teams to ensure optimal pricing and inventory management
- Utilize revenue management systems (RMS) and property management systems (PMS) to track and manage inventory and pricing
- Ensure data accuracy and system integrity for effective decision-making
- Assist in training and mentoring junior staff or new team members in revenue management practices and tools
- Stay updated with industry trends and best practices through continuous learning and professional development
Qualifications
- Bachelor's degree in Hospitality Management, Business Administration, or related field
- 5-8 years of experience in revenue management or a related role
- Strong knowledge of revenue management strategies and pricing optimization techniques
- Proficiency in revenue management systems (RMS) and property management systems (PMS)
- Advanced skills in Microsoft Excel and data visualization tools
- Excellent analytical and problem-solving abilities
- Strong communication and presentation skills
- Ability to work collaboratively in a team environment
- Detail-oriented with a high level of accuracy in data analysis and reporting
- Goal-oriented mindset with a focus on achieving revenue targets
- Adaptability to changing market conditions and ability to make quick, data-driven decisions
- Knowledge of the hospitality industry and current market trends (preferred)
- Experience with statistical analysis and forecasting methods
- Ability to work under pressure and meet deadlines in a fast-paced environment