Regional Revenue Manager
Regional Revenue Manager

Regional Revenue Manager

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead revenue strategies for 12 venues, optimising pricing and inventory management.
  • Company: Convene is a global hospitality company revolutionising how people meet and work.
  • Benefits: Enjoy 25 days annual leave, financial support, and professional development opportunities.
  • Why this job: Make a real impact on revenue growth while working in a dynamic, inclusive environment.
  • Qualifications: 5+ years in revenue management; strong analytical and communication skills required.
  • Other info: Hybrid role with 3 days in Central London; must reside in the UK.

The predicted salary is between 43200 - 72000 £ per year.

Please note: candidate must currently reside in the UK and be able to work in the UK without sponsorship. This role is a hybrid position and will require you to reliably commute into Central London 3 times per week.

The Revenue Management team within Convene’s Commercial team is central to our company's revenue performance and overall commercial success. As a Revenue Manager, you will oversee revenue and pricing strategies across 12 venues in the UK, working closely with the UK Leadership and the Global Commercial Leadership teams. Your role will directly impact our revenue goals by driving strategic decisions on inventory management, client negotiations, and revenue optimization. This role is pivotal in maximizing revenue opportunities and driving sustainable growth across our UK portfolio.

What You’ll Do:

  • Revenue and Pricing Strategy: Develop and implement pricing strategies across 12 venues in the UK, ensuring alignment with market demand, competitive landscape, and revenue goals.
  • Inventory and Tetris Management: Strategically allocate space and dates to achieve maximised venue inventory optimisation; Responsible for inventory diary management.
  • Funnel Management: Proactively partner with the sales team to advance bookings, ensure forecasting accuracy, and identify opportunities within the pipeline to achieve revenue goals.
  • Client Negotiations and Quote Approvals: Lead high-stakes client negotiations, approve quotes, and manage concessions to secure bookings that align with revenue goals while preserving value perception.
  • Forecasting and Budgeting: Create accurate forecasts and budgets based on historical data, market trends, and demand projections. Regularly review and adjust as needed to meet revenue targets.
  • Data-Driven Insights: Analyse data and reporting to uncover trends, identify risks, and capitalise on opportunities, providing actionable insights to inform decision-making across venues.
  • Stakeholder Engagement: Lead cluster revenue optimisation calls with stakeholders from sales, marketing, and operations. Present insights, review performance metrics, and collaborate on strategies to mitigate risks and maximize opportunities.
  • Revenue Strategy and Optimisation: Continuously evaluate revenue performance across venues, identifying and implementing strategies to drive growth, optimise yield, and align with broader company objectives.

What We Look For:

  • 5+ years of experience in revenue management, pricing strategy, or a related field, ideally within the hospitality or events industry.
  • Proven expertise in revenue and pricing strategy development, inventory management, and client negotiations.
  • Strong decision-making and strategic problem-solving skills, with the ability to adapt quickly to real-time data and trends.
  • Excellent communication and interpersonal skills, with experience presenting insights and leading discussions with senior leadership and cross-functional teams.
  • Demonstrated ability to prioritise multiple tasks, meet deadlines, and deliver results in a dynamic, fast-paced environment.
  • Advanced proficiency in Excel, including Pivot Tables and advanced formulas.
  • Strong data analytics and manipulation skills.
  • Bachelor’s degree in Finance, Business, Hospitality, or a related field, or equivalent work experience.

Preferred Qualifications:

  • Experience in B2B or corporate meetings and events, or the overall events industry.
  • Experience managing multiple venues or properties, with a strong understanding of inventory management and market demand.
  • Familiarity with revenue management systems and tools for pricing and inventory control, such as Sales Force.

Who We Are:

Convene is a global hospitality company that manages a growing portfolio of lifestyle brands focused on revolutionizing the way people meet, work, and gather. It creates hospitality-driven experiences and uniquely designed destinations across its various brands with the singular mission of fostering human-to-human connection. The Convene portfolio comprises Convene, etc.venues by Convene, and Convene Signature, offering clients multiple products including event venues, meeting rooms, flexible office spaces, and building amenity centers. With hospitality at its core, each brand and product offers on-site culinary, in-room A/V, production services, and dedicated hospitality staffing resources. As the largest single provider of dedicated meeting and event venues in the U.S. and UK, and with a growing footprint of flexible office space, the Convene portfolio has a network of nearly 40 locations across nine global cities.

Employee Assistance Program: well-being support and personal advice programme.

Time Off and Work-Life Balance: 25 days annual leave plus bank holidays, and company sick pay.

Financial Support and Benefits: Interest-free loan for rail season tickets & further education; Subsidised bicycle purchase through Cycle to Work scheme.

Professional Development and Recognition: Continuous professional and personal development support; Employee recognition and reward programs to mark achievements and milestones.

Community and Impact: Opportunities to volunteer, donate, and participate in community give-back initiatives; The opportunity to have a significant impact on your team and the business in the work that you do.

Convene is committed to building an inclusive and diverse workforce. We are an Equal Opportunity Employer and welcome people from all backgrounds, experiences, abilities and perspectives.

Regional Revenue Manager employer: Convene

Convene is an exceptional employer, offering a dynamic work culture that prioritises employee well-being and professional growth. With 25 days of annual leave, comprehensive financial support, and a commitment to community engagement, employees are empowered to thrive both personally and professionally in the vibrant setting of Central London. The role of Regional Revenue Manager not only allows for impactful contributions to revenue strategies across multiple venues but also fosters collaboration with diverse teams, ensuring a rewarding and meaningful career path.
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Contact Detail:

Convene Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Regional Revenue Manager

✨Tip Number 1

Familiarise yourself with the latest trends in revenue management and pricing strategies, especially within the hospitality sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a fast-paced industry.

✨Tip Number 2

Network with professionals in the events and hospitality industry, particularly those who have experience in revenue management. Attend industry events or join relevant online forums to build connections that could provide insights or even referrals for the role.

✨Tip Number 3

Prepare to discuss specific examples of how you've successfully managed revenue and pricing strategies in previous roles. Highlight your analytical skills and ability to make data-driven decisions, as these are crucial for the position.

✨Tip Number 4

Since this role requires strong communication skills, practice articulating your thoughts clearly and confidently. Consider mock interviews with friends or mentors to refine your presentation skills, especially when discussing complex data insights.

We think you need these skills to ace Regional Revenue Manager

Revenue Management
Pricing Strategy Development
Inventory Management
Client Negotiation Skills
Data Analysis and Reporting
Forecasting and Budgeting
Strong Communication Skills
Stakeholder Engagement
Strategic Problem-Solving
Advanced Excel Proficiency
Relationship Management
Market Trend Analysis
Adaptability to Real-Time Data
Experience in Hospitality or Events Industry

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in revenue management, pricing strategy, and client negotiations. Use specific examples from your past roles that demonstrate your ability to drive revenue growth and optimise inventory.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the job requirements, particularly your experience in the hospitality or events industry, and your strategic problem-solving abilities.

Highlight Data-Driven Achievements: When detailing your work experience, focus on data-driven results. Mention specific metrics or outcomes you achieved through your revenue strategies, such as percentage increases in revenue or successful client negotiations.

Prepare for Potential Questions: Anticipate questions related to revenue management strategies and your approach to client negotiations. Be ready to discuss how you would handle real-time data changes and adapt your strategies accordingly.

How to prepare for a job interview at Convene

✨Know Your Numbers

As a Regional Revenue Manager, you'll need to demonstrate your expertise in revenue management. Be prepared to discuss specific metrics and strategies you've used in the past to optimise revenue and pricing. Familiarise yourself with key performance indicators relevant to the hospitality industry.

✨Showcase Your Analytical Skills

This role requires strong data analytics skills. Bring examples of how you've used data to drive decisions in previous roles. Be ready to explain your approach to forecasting and budgeting, and how you adapt strategies based on market trends.

✨Prepare for Client Negotiations

Client negotiations are a crucial part of this role. Think of scenarios where you've successfully negotiated terms or managed client expectations. Practice articulating your negotiation style and how you ensure value perception while meeting revenue goals.

✨Engage with Stakeholders

You'll be leading discussions with various stakeholders, so it's important to demonstrate your communication skills. Prepare to discuss how you've collaborated with sales, marketing, and operations teams in the past. Highlight your ability to present insights and influence decision-making.

Regional Revenue Manager
Convene
Location: London
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  • Regional Revenue Manager

    London
    Full-Time
    43200 - 72000 £ / year (est.)
  • C

    Convene

    50-100
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