Revenue Manager

Job title: Revenue Manager

Company: Hopewell Hotel (Wanchai) Management Limited


Job description: About Hopewell HotelSurrounded by the enchanting hillside greenery and facing the stunning view of Victoria Harbour, Hopewell Hotel is one of the largest 5-star hotels in Hong Kong.Home to the largest park in Wan Chai, this hotel provides 1,000 guestrooms to fit the needs of all travellers, over 6,500 sq. m. of column-free meetings and convention spaces, various dining and recreational facilities, more than 400 parking spaces with Wan Chai’s largest lifestyle mall, Hopewell Mall.If you are looking for a fun and rewarding career opportunity, we now invite you to join us as one of our team members.Responsibilities:

• Develop and implement comprehensive revenue management strategies to maximize hotel revenue and profitability
• Analyze market trends, competitor performance, and demand patterns to identify opportunities and adjust pricing and inventory strategies accordingly
• Set and manage room rates and pricing strategies in line with market demand, hotel occupancy, and revenue goals
• Monitor and analyze pricing trends, competitive positioning, and market dynamics to make timely rate adjustments
• Utilize data analysis, historical patterns, and market insights to forecast demand and manage room inventory effectively
• Optimize room availability, restrictions, and allocation to maximize revenue potential
• Analyze and evaluate hotel revenue performance regularly, including revenue per available room (RevPAR), occupancy, ADR, and market share
• Prepare comprehensive reports and provide insights to the management team, highlight areas for improvement and revenue growth opportunities
• Conduct regular competitive analysis to stay informed about market trends, pricing strategies, and industry developments; identify opportunities and suggest strategies to maintain a competitive edge in the market
• Utilize revenue management software and tools effectively to gather data, generate reports, and make informed decisions
• Stay updated with industry best practices and advancements in revenue management technology
• Perform any ad hoc duties as assigned

Requirements:

• Bachelor’s degree in Hospitality Management, Business Administration, or a related field
• Proven 5-8 years of experience as a Revenue Manager or similar role in the hotel industry
• In-depth knowledge of revenue management principles, techniques, and strategies
• Proficiency in revenue management systems and tools (e.g., RMS, PMS, CRS)
• Strong analytical and numerical skills with the ability to interpret data and make data-driven decisions
• Excellent understanding of market dynamics, pricing trends, and competitive landscape
• Strong communication and interpersonal skills to collaborate with cross-functional teams
• Detail-oriented with the ability to manage multiple tasks and meet deadlines
• Strong leadership qualities and the ability to drive revenue performance
• Advanced Excel and spreadsheet skills
• Less experience will be considered as Assistant Revenue Manager

Benefits:

• 5 Day Work Week
• Birthday Leave
• Group Medical Insurance (For Employee and Employee’s Children)
• Dental Care for Employee
• Complimentary Duty Meal
• Transportation Allowance
• Yearly Discretionary Bonus
• Hotel Food & Beverage Discounts
• Good Career Progression & Development

Join Our TeamSurrounded by the enchanting hillside greenery and facing the stunning view of Victoria Harbour, Hopewell Hotel is one of the largest 5-star hotels in Hong Kong.Home to the largest park in Wan Chai, this hotel provides 1,000 guestrooms to fit the needs of all travellers, over 6,500 sq. m. of column-free meetings and convention spaces, various dining and recreational facilities, more than 400 parking spaces with Wan Chai’s largest lifestyle mall, Hopewell Mall.If you are looking for a fun and rewarding career opportunity, we now invite you to join us as one of our team members.With a large number of applications received, only shortlisted candidates will be contacted for an interview.Personal data collected will be treated in strict confidence and used for recruitment purposes only.

Expected salary:

Location: Wan Chai, Hong Kong

Job date: Thu, 16 Jan 2025 08:45:04 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (jobsnear.pro) you saw this job posting.Thanks&Good Luck