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Revenue Optimization Specialist

3 months ago

London, Greater London, United Kingdom Elton Recruitment Full time

Elton Recruitment is pleased to present a unique opportunity for a skilled Revenue Optimization Specialist. Our client is in the process of launching their inaugural aparthotel, and this role is pivotal in shaping its financial success. As a Revenue Optimization Specialist, you will have the freedom to influence all facets of revenue management, from enhancing profitability through strategic pricing frameworks to demand forecasting and channel optimization.

Key Highlights

  • Competitive salary starting at £50,000 plus performance-based bonuses
  • Comprehensive pension plan
  • Cycle-to-work initiative
  • Childcare voucher program
  • Life insurance coverage
  • Flexible holiday arrangements
  • Season ticket loan for travel
  • Employee recognition programs
  • Private dental and health insurance

Responsibilities

  • Formulate and execute extensive revenue management strategies
  • Examine market intelligence, competitor pricing, and historical data to predict demand and establish optimal pricing
  • Leverage revenue management tools to enhance pricing across diverse channels and segments
  • Create and implement promotional offers and dynamic pricing models to maximize occupancy and revenue
  • Oversee distribution channels
  • Negotiate agreements and maintain relationships with online travel agencies (OTAs) and other distribution partners
  • Enhance online presence and channel mix to attract the desired clientele
  • Monitor channel performance and devise strategies to boost visibility and booking rates
  • Prepare precise revenue forecasts and budgets aligned with business objectives
  • Track and evaluate key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), occupancy rates, and channel distribution
  • Generate detailed reports and actionable insights for improving revenue optimization strategies
  • Communicate revenue management strategies and findings to key stakeholders

Candidate Profile

  • A trustworthy professional with a proven track record
  • Exceptional communication and customer service abilities
  • 3-5 years of experience in hotel revenue management
  • Demonstrated success in maximizing revenue and profitability
  • Strong analytical capabilities and proficiency in revenue management software
  • Excellent presentation and interpersonal skills
  • Able to work independently and collaboratively in a dynamic environment
  • Detail-oriented and highly organized with a robust work ethic
  • Familiarity with hospitality industry trends and best practices

Compensation Package Salary of £50,000 per annum plus bonuses, pension contributions, and private healthcare options.

Please note: Due to the anticipated volume of applications, if you do not receive a response within 14 days, please consider your application unsuccessful.

Data Protection Notice: By applying for this position, you consent to the sharing of your details with our clients for related vacancies, in accordance with Data Protection (GDPR) regulations.