The Revenue Managers job is to define and execute ahotel revenue strategythat optimizes a hotel's revenue across channels. The revenue manager uses technology and analytical skills to translate historical data into demand forecasts and then setting pricing accordingly (usually in real-time).
A revenue manager's work is done in collaboration with other departments, especially sales and marketing. So collaboration is a must, as is creativity, strategic thinking, scenario planning and robust analysis. A revenue manager could be just out of college or with a few years of experience working in other revenue roles or in other parts of the hospitality industry.
With enough experience, a Revenue Manager could take on revenue responsibilities of multiple properties as a Cluster Manager or lead revenue as a Director of Revenue. Eventually, the career path could include VP of Revenue and Chief Revenue Officer. A revenue manager could also move over to marketing or a revenue analyst role in another industry
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Keyskills: front office tourism hotel management property management systems revenue forecasting yield management revenue analysis hospitality management