Revenue Manager
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Key skills for this role
About the Role
Novotel Hotels is seeking an experienced Revenue Manager to join their luxury hospitality team in Riyadh, Saudi Arabia. The role involves developing revenue strategies, dynamic pricing, forecasting, and distribution optimization.
Key Skills for This Role
Responsibilities
- Develop and implement comprehensive revenue management strategies to maximize room revenue, total hotel profitability, and market share
- Drive dynamic pricing strategies based on demand patterns, seasonality, booking pace, and market trends
- Prepare accurate daily, weekly, and monthly forecasts using historical data, market intelligence, and forward looking demand indicators
- Oversee and optimize all distribution channels, including OTA, direct, GDS, corporate, and wholesale segments
- Directly manage and mentor the Reservations Manager and team
- Drive Total Revenue Management initiatives by collaborating with F&B, Spa, and Ancillary departments
- Analyze market trends, competitor performance, and industry dynamics using tools such as STR reports
- Manage revenue management systems and ensure data accuracy and integrity across PMS, CRS, RMS, and distribution platforms
- Deliver regular revenue performance reports to the General Manager and regional leadership
- Provide revenue guidance and analytical support for corporate, group, and MICE contract negotiations
- Lead, mentor, and develop the revenue and reservations team to achieve high performance standards
- Partner with the Director of Revenue and Sales & Marketing to align pricing strategies with promotional campaigns
Requirements
- Bachelor's degree in Hospitality, Business, Finance, or related field
- Proven track record and strong understanding of revenue management principles, yield management, and pricing strategy
- Expertise in forecasting, distribution optimization, and market analysis
- Deep working knowledge of Accor Distribution Systems (TARS, Opera PMS, and Accor approved RMS platforms such as IDeaS)
- Proficiency with PMS, CRS, and revenue management system platforms
- Strong analytical mindset with excellent attention to detail
- Proven leadership experience managing and developing high performing teams
- Comprehensive knowledge of luxury hospitality market dynamics
- Strong communication, presentation, and negotiation skills
- Fluency in English
Full Job Posting
Job Description
- We are seeking an experienced and analytically driven Revenue Manager to join our luxury hospitality team in Riyadh, Saudi Arabia.
- In this pivotal role, you will lead the development and execution of strategic revenue initiatives designed to maximize room revenue, total hotel profitability, and market share.
Key Responsibilities
- Develop and implement comprehensive revenue management strategies to maximize room revenue, total hotel profitability, and market share while maintaining competitive positioning in the Riyadh market
- Drive dynamic pricing strategies based on demand patterns, seasonality, booking pace, and market trends; continuously evaluate performance and adjust tactical and strategic approaches to optimize results
- Prepare accurate daily, weekly, and monthly forecasts using historical data, market intelligence, and forward looking demand indicators; actively participate in the annual budgeting process and conduct variance analysis
- Oversee and optimize all distribution channels, including OTA, direct, GDS, corporate, and wholesale segments; ensure a balanced and profitable channel mix while maintaining absolute integrity with rate parity policies and brand distribution standards
- Directly manage and mentor the Reservations Manager and team, ensuring alignment with daily yielding strategies, inventory controls, and overbooking policies; monitor reservation performance including call conversion rates and luxury service standards
- Drive Total Revenue Management initiatives by collaborating with F&B, Spa, and Ancillary departments to optimize total revenue per available room (TrevPAR) and implement restaurant revenue management strategies
- Analyze market trends, competitor performance, and industry dynamics using tools such as STR reports and market intelligence platforms; identify revenue opportunities and proactively mitigate potential risks
- Manage revenue management systems and ensure data accuracy and integrity across PMS, CRS, RMS, and distribution platforms; leverage technology and automation tools to enhance forecasting precision and operational efficiency
- Deliver regular revenue performance reports to the General Manager and regional leadership; monitor and analyze key KPIs including RevPAR, ADR, Occupancy, and GOP
- Provide revenue guidance and analytical support for corporate, group, and MICE contract negotiations to ensure profitability and strategic alignment
- Lead, mentor, and develop the revenue and reservations team to achieve high performance standards; foster a data driven and analytical culture that promotes continuous improvement and commercial excellence
- Partner with the Director of Revenue and Sales & Marketing to align pricing strategies with promotional campaigns and sales initiatives; ensure optimal commercial alignment across all departments
Required Qualifications
- Bachelor's degree in Hospitality, Business, Finance, or related field
- Proven track record and strong understanding of revenue management principles, yield management, and pricing strategy
- Expertise in forecasting, distribution optimization, and market analysis
- Deep working knowledge of Accor Distribution Systems (TARS, Opera PMS, and Accor approved RMS platforms such as IDeaS)
- Proficiency with PMS, CRS, and revenue management system platforms
- Strong analytical mindset with excellent attention to detail and ability to translate data into actionable insights
- Proven leadership experience managing and developing high performing teams, specifically spanning both Revenue and Reservations functions
- Comprehensive knowledge of luxury hospitality market dynamics, including leisure, MICE, corporate, and wholesale segments
- Strong communication, presentation, and negotiation skills with ability to influence strategy across organizational levels
- Excellent cross departmental collaboration and relationship building capabilities
- Strategic thinking combined with hands on execution capability and problem solving abilities
- Fluency in English
Preferred Qualifications
- Master's degree in Hospitality, Business, Finance, or related field
- Familiarity with Restaurant Revenue Management (RRM) principles, metrics (such as RevPASH, meal duration, and seat occupancy optimization), and F&B reservation platforms (such as SevenRooms, OpenTable, or Dineplan)
- Experience with Accor Live Limitless (ALL) loyalty programs and direct booking optimization strategies
- Knowledge of the Saudi Arabian hospitality market and regional business practices
- Experience implementing Total Revenue Management initiatives across multiple revenue streams
- Demonstrated ability to work effectively under pressure while maintaining attention to detail and organizational excellence
Company Description
- Accor is a global leading company that welcomes you as you are, with a career and brand that fits your personality.
- We support you to grow and learn every day, ensuring your work has meaning in your life.
- At Accor, you can write every chapter of your own story and together we can transform the future of gastronomy and hospitality.
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