Singapore Job Openings
AccorHotel
Assistant Manager Revenue
Singapore
FULL TIME
September 2, 2024
Mondrian Singapore Duxton, the inaugural Mondrian hotel in Singapore, is situated in the stylish Duxton Hill neighbourhood and operates under the renowned Ennismore hospitality group.
Located at the heart of Duxton Hill, just moments away from the Central Business District, Mondrian Singapore Duxton places guests amidst a dynamic dining and nightlife hub. Featuring 302 rooms with sweeping views of historic shophouses and the contemporary skyline through expansive floor-to-ceiling windows, the hotel sets the stage with a cinematic rooftop pool and an eclectic array of bars and restaurants.
Job Description
The Assistant Manager Revenue supports the Director of Revenue Mangement in optimizing the hotel’s revenue through effective pricing strategies, inventory control, and market analysis. This role is pivotal in ensuring that the hotel maximizes its profitability by analyzing trends, monitoring competition, and collaborating with other departments to align strategies with the hotel’s overall goals.
Key Responsibilities:
- Assist in the development and implementation of pricing strategies aimed at maximizing hotel room revenue.
- Monitor and analyze competitors’ rates, demand trends, and market conditions to provide recommendations for pricing adjustments.
- Manage and optimize room inventory across various distribution channels, including OTAs (Online Travel Agencies), GDS (Global Distribution Systems), and the hotel’s direct booking platform.
- Support the Revenue Manager in forecasting future revenue and occupancy trends based on historical data and market insights.
- Collect and analyze data from Property Management Systems (PMS), Central Reservation Systems (CRS), and other relevant sources to monitor revenue performance.
- Prepare daily, weekly, and monthly reports detailing revenue performance, occupancy rates, and other key metrics.
- Identify opportunities for revenue growth by monitoring key performance indicators (KPIs) such as Rev PAR (Revenue per Available Room), ADR (Average Daily Rate), and occupancy levels.
- Work closely with the Sales, Marketing, and Front Office teams to ensure revenue strategies are effectively implemented.
- Participate in regular meetings to review revenue performance, discuss upcoming events, and adjust strategies as needed.
- Provide support and training to hotel staff on revenue management principles and best practices to ensure alignment with revenue goals.
- Maintain and update revenue management systems to ensure data accuracy and consistency across all channels.
- Assist in the implementation and management of new revenue management tools and technologies.
- Address any issues related to revenue management systems promptly to avoid disruptions in revenue operations.
- Contribute to the development of long-term revenue strategies, including pricing models, market segmentation, and distribution strategies.
- Support the Revenue Manager in conducting market research and competitive analysis to identify new opportunities for revenue enhancement.
- Assist in the preparation of the hotel’s annual budget and revenue forecast.
Qualifications
-
Bachelor’s degree in Hospitality Management, Business Administration, Economics, or a related field. - Minimum of 2-3 years of experience in revenue management, preferably within the hotel or hospitality industry.
- Strong analytical skills with the ability to interpret data and provide actionable insights.
- Proficiency in revenue management systems (e.g., RMS, CRS, PMS) and advanced knowledge of Microsoft Excel.
- Excellent communication and interpersonal skills, with the ability to work collaboratively across departments.
- High attention to detail and strong organizational skills.
- Ability to thrive in a fast-paced environment and manage multiple priorities effectively.
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