revenue manager

About the role

This is an exciting opportunity to join our team as a Revenue Manager. In this full-time role based in Cheras, Kuala Lumpur, you will be responsible for driving the hotel's revenue growth and optimising its financial performance.

What you'll be doing

1. Using the tools provided and in compliance with the MHI standards, maintains, updates and shares information in the areas of a master calendar of external events, competitor rate intelligence, RevPAR penetration (RGI), arrival and spending patterns of commercial accounts, denial reports, meeting space allocation, guest capture ratio (with the F&B Manager), Loyalty program contribution both overall and by account (and for bookers), channel performance and trends in rooms and non-rooms revenues by channel, segment and account.
2. Understand the composition of hotel profitability, and uses this to evaluate business from local accounts and groups so as to provide input to future rate setting and negotiation.
3. Monitor competitor pricing for all revenue generating departments, understands the dynamic of the local market and the demand generators, and recommends appropriate actions to the hotel team in weekly revenue meeting in relation to the hotel's pricing and market mix strategy.
4. Conduct weekly rate/sell strategy (yield) meetings with General Manager, DOSM/DOS, Front Office Manager and Finance Controller
5. Facilitate the weekly Revenue Meeting (which the GM chairs) and generates reports and analyses needed for these meetings, displaying key facts/trends etc.
6. Monitor and determine demand periods for function space, rooms and SPA, catering through an analysis of historical data and current bookings. Responsible for tracking and analysing of booking pace, group wash, cut off enforcement for groups as well as denied and regretted business.
7. Approve and/or implement sell strategies and collaborates with the Director of Sales on setting group and conference rates.
8. Manage use of revenue systems and CRS on a daily basis. This includes the responsibility for managing the daily inventory and pricing strategy where appropriate. Where a yield management system is not installed this includes responsibility for opening or closing (managing) rates and room types on CRS/PMS through Pyramid Rate Structure.
9. Train and support hotel teams on revenue systems functionality and enhancements.
10. Responsible in maximizing business through all channels (Call Centre, GDS, OTAs and direct channels). Responsible for ensuring compliance with the MHI policy with regards to rate parity on all online channels and managing third party distributors in compliance with MHI standards and rules.
11. Guardian of IBR, Melia CRS and Revenue Management System. Ensure compliance with all IBR rules and standard processes. Provide input to the annual budget process on all revenue aspects of the business. Provides medium-term revenue-based forecasts to support required staffing levels to all departments.
12. Conduct monthly revenue management audits with the Regional Director of Revenue for all revenue generating departments, where relevant.
13. Provides technical support to Front Office on up-selling and negotiating techniques.
14. Champion all special projects relating to market research and operational optimization (resource planning, costing, Key Performance Indicators and etc.).
15. Revenue systems include the central reservations systems (Melia Switch), the yield management system (e.g. IDEAS), IBR and portions of the Property management system.
16. Works with Human Resources on manpower planning and management needs for revenue department
17. Works with Financial Controller in the preparation and management of the Department's and Hotel's annual revenue budget.
18. Work with the GM in the preparation of the monthly report, reporting revenue analyse and forecast.
19. Collaborate with the sales, marketing and operations teams to identify new revenue opportunities.
20. Continuously optimise the hotel's pricing and distribution channels to stay competitive.
21. Identify areas for improvement and implement measures to enhance the hotel's revenue performance

What we're looking for

1. Diploma or Degree in Hotel Management / Tourism Management / Business Administration.
2. Fluent in written and spoken English, a second language will be an advantage (Mandarin).
3. Well-versed with the hotel operations available technology (PMS, CRS, CM, RMS) and all distribution channels.
4. Understand the dynamics of regional & local market, local competitors and events of the destination.
5. Minimum 3 years' experience in revenue management or a similar analytical role in the hospitality industry
6. Strong analytical and problem-solving skills with a keen eye for detail.
7. Proficient in using revenue management and data analysis tools.
8. Excellent communication and stakeholder management skills.
9. Commercial acumen and a strategic mindset to drive revenue growth

What we offer

At INNSiDE by Melia Kuala Lumpur, we are committed to providing a supportive and collaborative work environment that enables our employees to thrive. We offer a competitive salary, excellent benefits and opportunities for professional development to help you reach your full potential.

About us

INNSiDE by Melia Kuala Lumpur is a modern and vibrant hotel located in the heart of Cheras. As part of the Melia Hotels International group, we are dedicated to delivering exceptional guest experiences and driving the growth of our brand in Malaysia. Join us and be a part of our exciting journey

Apply now to become our next Revenue Manager This position is open to Malaysian Citizens only.