Revenue Manager Job at Hyatt Regency

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.

We are recruiting to fill the position below:

Job Position: Revenue Manager

Req ID: LAG000010
Job Location: Ikeja, Lagos
Job type: Full-time

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

Qualifications

• Previous experience as a Revenue Manager or similar position.
• Minimum of 5 years of experience in revenue management within the hotel industry.
• Pre-Opening experience is an advantage.
• 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.