ISCO Occupation Group 2431.9 Hospitality Revenue Manager
From Open Risk Manual
Definition
Hospitality Revenue Manager: Hospitality revenue managers maximise revenue generated from facilities such as hotels, holiday resorts and camping grounds by analysing trends and competition. They assist establishment managers in strategic decisions. Hospitality revenue managers analyse and optimise the financial potential of facilities and manage the corresponding staff.
Essential Skills
- Produce Statistical Financial Records
- Implement Marketing Strategies
- Manage Staff
- Inspect Data
- Ensure Cross-Department Cooperation
- Manage Hospitality Revenue
- Analyse Booking Patterns
- Ensure Price Competitiveness
- Monitor Financial Accounts
- Comply With Food Safety And Hygiene
- Plan Medium To Long Term Objectives
- Develop Financial Statistics Reports
- Apply Numeracy Skills
- Develop Business Case
- Develop Revenue Generation Strategies
- Forecast Occupancy Demand
- Implement Sales Strategies
- Perform Market Research
- Think Analytically
Optional Skills
- Train Employees
- Maintain Customer Service
- Conduct Financial Audits
- Handle Customer Complaints
- Coach Employees
- Quote Prices
- Develop Working Procedures
Alternative Names
- Yield Manager
- Hospitality Yields Manager
- Hospitality Revenues Manager
- Revenue Manager
