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- Tasks: Lead revenue strategy for hospitality, maximizing profits and enhancing customer experience.
- Company: Join Silverstone, a forward-thinking company focused on sustainability and innovation.
- Benefits: Enjoy a supportive culture, professional growth opportunities, and a commitment to environmental responsibility.
- Why this job: Be part of an exciting team driving change in the hospitality sector with a focus on sustainability.
- Qualifications: 5+ years in Revenue Management, strong analytical skills, and excellent communication abilities required.
- Other info: Work in a dynamic environment with a commitment to zero-carbon goals and community impact.
The predicted salary is between 36000 - 60000 £ per year.
REVENUE MANAGER HOSPITALITY
Reporting to -Head of RevenueDepartment -RevenueHours -37.5 hours per week
COMMERCIAL TEAM Our Commercial department is full of go-getters, and were racing ahead with our longer term vision ofsustainability and diversification. This means that we have a number of large and smaller scale initiatives in the works to make Silverstone more profitable, sustainable and a better place to work. We take the birdseye view to work with the rest of the business to drive commercial sales, form strategic partnerships, evolve our customer experience and identify key areas that are missing from the team. And, there has never been a more exciting time to join as we accelerate into the future.JOB PURPOSE This role is pivotal in driving revenue growth and profitability for the Hospitality department at Silverstone.
The Revenue Manager will be responsible for developing and implementing a comprehensive revenuestrategy that maximises revenue across all hospitality offerings.KEY RESPONSIBILITIES
- Develop, lead and communicate the hospitality revenue Strategy in conjunction with the Head ofRevenue.
- Identify areas of opportunities and risks within Revenue that add value to the hospitality performance.
- Identify and pursue all areas of revenue maximisation for all revenue streams, distribution channels,cux mix, etc.
- Ensure seamless, timeline reporting of information that supports and enhances the hospitalitysfinancial reporting such as forecasting, budgeting and market trends.
- Develop and refine robust measurement tools and mechanisms, enabling clear performancebenchmarking for all product streams.
- Responsible for the accuracy and integrity of the hospitality commercial analysis and evaluations ofdecisions within all revenue streams.
TEAM RESPONSIBILITIES o Creating a culture of mutual support, honesty, challenge, innovation and ambitiono Promote at all times the professional image of the company by ensuring high standards of bothprofessionalism and personal presentation.
PERFORMANCE RESPONSIBILITIES Performance will be monitored against the following:o Revenue budgeto Profit budgeto Market penetrationo Objectives set through the Personal Development Review (PDR) process.
KEY RELATIONSHIPS o Ticketingo Hospitalityo Marketingo Finance
KNOWLEDGE, SKILLS AND QUALIFICATIONS o 5+ years in Revenue Managemento Meeting & Events Experienceo Excellent analytical skills and data analysiso Strategic pricing and forecastingo Commercial and financial acumeno Strong attention to detailso Effective communication and negotiation
SUSTAINABILITY We dont just look after our team and our fans. We want to look after our world too. We're committed in ourresponsibility to reach our zero-carbon goal. So, we've adopted greener methods within our workplace, donated more than 20 tonnes of surplus food, and installed over 2,700 solar panels which generates 13% of our venues power – with all other energy from 100% renewable sources. Our dedication has earned us Three Star FIA Environmental Accreditation, but this is just the start.
AMRT1_UKCT
Revenue Manager employer: Silverstone Circuits Ltd
Contact Detail:
Silverstone Circuits Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Manager
✨Tip Number 1
Familiarize yourself with the latest trends in revenue management, especially within the hospitality sector. Understanding current market dynamics and innovative strategies can give you an edge during discussions.
✨Tip Number 2
Network with professionals in the hospitality industry, particularly those involved in revenue management. Attend relevant events or webinars to build connections that could lead to valuable insights and opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully maximized revenue in previous roles. Highlight your analytical skills and any tools you've used for forecasting and budgeting.
✨Tip Number 4
Show your passion for sustainability in your conversations. Since Silverstone is committed to eco-friendly practices, demonstrating your alignment with their values can set you apart from other candidates.
We think you need these skills to ace Revenue Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Revenue Manager position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in revenue management, particularly in hospitality. Emphasize your analytical skills, strategic pricing experience, and any achievements related to revenue growth.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the hospitality industry and your understanding of revenue strategies. Mention specific examples from your past work that demonstrate your ability to drive revenue growth.
Highlight Sustainability Initiatives: Since the company values sustainability, include any relevant experience or initiatives you've been involved in that align with their commitment to environmental responsibility. This will show that you share their values.
How to prepare for a job interview at Silverstone Circuits Ltd
✨Understand the Revenue Strategy
Make sure you have a solid grasp of revenue management principles and be prepared to discuss how you would develop and implement a comprehensive revenue strategy for the hospitality department. Highlight any previous experience that aligns with this.
✨Showcase Analytical Skills
Be ready to demonstrate your analytical skills and data analysis capabilities. Prepare examples of how you've used data to identify opportunities and risks in past roles, and how that led to revenue maximization.
✨Discuss Team Collaboration
Since this role involves working closely with various teams, be prepared to talk about your experience in fostering collaboration. Share specific instances where you promoted a culture of support and innovation within a team.
✨Align with Sustainability Goals
Familiarize yourself with the company's sustainability initiatives and be ready to discuss how you can contribute to these goals. Show your passion for sustainability and how it can tie into revenue growth strategies.
