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For Companies At a Glance
- Tasks: Maximise hotel revenue through pricing strategies and market analysis.
- Company: Join a leading UK hospitality group with a premium hotel portfolio.
- Benefits: Enjoy career development opportunities and a supportive work environment.
- Why this job: Be part of a dynamic team driving revenue performance in a thriving industry.
- Qualifications: Experience in revenue management and knowledge of systems like Duetto required.
- Other info: This role offers ownership of revenue performance in an ambitious company.
The predicted salary is between 36000 - 60000 £ per year.
Based in London, our hospitality client seeks a commercially focused individual to join them as a Revenue Manager, on a permanent basis. This job would suit an experienced Revenue Manager to be responsible for managing hotel revenue streams, optimising pricing and distribution strategies, and driving overall revenue performance across all departments.
This UK-based hospitality group operates successfully within the premium hotel sector, with a growing portfolio of properties across key destinations. The business continues to invest in both people and technology, ensuring consistent revenue performance and market competitiveness.
The successful individual will have proven experience in revenue management within the hospitality sector, with strong knowledge of revenue management systems such as Duetto and property management systems. Excellent forecasting, analytical and commercial skills are essential, alongside strong communication, stakeholder management and leadership qualities.
Job responsibilities:
- Maximise daily hotel revenue through effective yield management and pricing strategy
- Implement and optimise Duetto (RMS) to drive pricing decisions and revenue performance
- Monitor and analyse daily room pick-up, competitor pricing, and market trends
- Conduct daily competitor analysis to ensure rate competitiveness
- Manage distribution channels and ensure content accuracy across online platforms
- Produce daily, weekly, and monthly revenue reports with detailed commentary
- Chair weekly commercial meetings, producing action plans to address revenue variances
- Prepare revenue forecasts, budgets, and action plans for revenue shortfalls
- Manage and develop the reservations team, ensuring consistent standards and training
- Oversee group bookings and maintain effective enquiry and conversion processes
- Collaborate with sales and marketing teams to maximise sales initiatives and upselling opportunities
- Support wider commercial performance across accommodation, food & beverage, and corporate sales
- Maintain strong communication with Group Revenue Manager and central office stakeholders
- Ensure timely and accurate reporting across central systems, including daily, weekly, and monthly submissions
- Contribute to ongoing process improvements, departmental cost control, and system optimisation
This is a fantastic opportunity for a commercially driven Revenue Manager to take ownership of hotel revenue performance, with the backing of an ambitious hospitality group that offers excellent career development.
Revenue Manager employer: MRK Associates
Contact Detail:
MRK Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Manager
✨Tip Number 1
Familiarise yourself with the latest trends in revenue management within the hospitality sector. Understanding current market dynamics and competitor strategies will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Network with professionals in the hospitality industry, especially those who work in revenue management. Attend industry events or join relevant online forums to build connections that could lead to job opportunities.
✨Tip Number 3
Gain hands-on experience with revenue management systems like Duetto. If you haven't used it before, consider taking an online course or tutorial to boost your confidence and skills in using such tools.
✨Tip Number 4
Prepare to discuss specific examples of how you've maximised revenue in previous roles. Be ready to share your analytical approach and the impact of your decisions on overall performance during the interview.
We think you need these skills to ace Revenue Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in revenue management within the hospitality sector. Emphasise your familiarity with revenue management systems like Duetto and any relevant achievements in optimising pricing strategies.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the hospitality industry and detail how your skills align with the responsibilities of the Revenue Manager role. Mention specific examples of how you've maximised revenue in previous positions.
Showcase Analytical Skills: Since strong analytical skills are essential for this role, include examples in your application that demonstrate your ability to analyse market trends and competitor pricing effectively. Use metrics to quantify your successes.
Highlight Leadership Experience: If you have experience managing teams or leading projects, make sure to highlight this in your application. Discuss how you've developed team members and contributed to overall departmental success.
How to prepare for a job interview at MRK Associates
✨Know Your Numbers
As a Revenue Manager, you'll need to demonstrate your analytical skills. Be prepared to discuss key metrics such as RevPAR, ADR, and occupancy rates. Familiarise yourself with recent trends in the hospitality sector and be ready to provide insights on how you would apply this knowledge to optimise revenue.
✨Showcase Your Experience with Systems
Since the role requires knowledge of revenue management systems like Duetto, make sure to highlight your experience with these tools. Prepare examples of how you've used such systems to drive pricing decisions and improve revenue performance in your previous roles.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think about past challenges you've faced in revenue management and how you overcame them. This will showcase your critical thinking and adaptability in a fast-paced environment.
✨Emphasise Communication Skills
Strong communication is key in this role, especially when collaborating with sales and marketing teams. Be ready to discuss how you've effectively communicated strategies and action plans in the past, and how you ensure alignment across departments to maximise revenue.
