Revenue Manager

Salary Details

Salary Description: Competetive Salary Offered

Job Description For Revenue Manager

Description

We are looking for a Revenue Manager to join our pre-opening team at Hyatt Regency Lagos Ikeja

Expected to open 2025, Hyatt Regency Lagos Ikeja is ideally located in the serene GRA and just moments away from Murtala Muhammed International Airport. Hyatt Regency Lagos Ikeja is a premier hotel in Lagos, Nigeria, offering the perfect blend of convenience and elegance where our guests feel comfortable, connected, and encouraged to be their best selves because they are welcome and relaxed in our care.

Hyatt Regency hotels and resorts are founded on openness-our colleagues consistently serve with open minds and open hearts to deliver unforgettable celebrations, effortless relaxation and notable culinary experiences alongside expert meetings and technology-enabled collaboration.

About the role

The Revenue Manager will play a crucial role in optimizing the hotel's revenue strategy and maximizing profitability. This position requires a strategic thinker with a strong analytical background, capable of leveraging data to drive decision-making processes. The ideal candidate will work closely with various departments, including Sales, Marketing, and Operations, to ensure alignment with revenue goals.

Key Responsibilities

• Revenue Strategy Development: Develop and implement effective pricing strategies and yield management techniques to maximize revenue across all distribution channels.
• Market Analysis: Conduct comprehensive market research and competitor analysis to identify trends and opportunities for revenue growth.
• Forecasting: Prepare accurate forecasts for occupancy, average daily rate (ADR), and revenue per available room (RevPAR) to guide financial planning.
• Reporting: Generate regular reports on revenue performance, analyzing key metrics and presenting findings to senior management.
• Collaboration: Work closely with the Sales and Marketing teams to create promotional strategies that drive occupancy and enhance the hotel's market presence.
• Inventory Management: Optimize room inventory distribution across all channels, including direct bookings, OTAs, and GDS platforms.
• Training & Development: Mentor and train staff on revenue management best practices and tools.

• Previous experience as aRevenue Manager or similar position.
• Pre-Opening experience is an advantage.
• Minimum of 5 years of experience in revenue management within the hotel industry.
• Strong analytical skills with proficiency in revenue management software and Microsoft Excel.
• Excellent communication and interpersonal skills.
• Proven ability to work collaboratively in a team environment.
• Knowledge of current market trends and competitive landscape.and social media.
• Preference will be given to local candidates.

• Long term career growth opportunities
• A motivated and connected team
• 12 complimentary nights (per year) in other Hyatt properties around the world as well as colleague rates and discounts
• And a company that truly cares