4 Revenue Manager Jobs in Panama, FL
Better Talent is Hiring a Revenue Manager Near Panama, FL
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Position SummaryThe Revenue Manager is responsible for formulating and implementing long and short-term Revenue Management strategies to drive the advancement of Revenue per Available Room (RevPAR) market share. Additionally, the Revenue Manager oversees the management of Online Travel Agencies (OTA) distribution channels.
Responsibilities
- Analyze, identify, communicate, and execute revenue decisions based on daily, weekly, and monthly supply and demand forecasts, booking pace, competitive pricing intelligence, and market conditions to maximize revenue opportunities.
- Monitor competitor rates, positioning, strategies, and market dynamics, presenting appropriate action plans to management based on findings.
- Understand macro and micro-economic variables affecting supply and demand in the local marketplace, using this knowledge to create accurate room revenue forecasts.
- Provide insights into performance drivers beyond metrics, explaining factors and decisions impacting historical results to inform future strategies.
- Conduct unconstrained demand analysis to determine the optimal business mix.
- Analyze local events and activities to project their impact on revenue opportunities.
- Develop short and long-term inventory forecasting.
- Develop pricing strategies for both OTA and Direct sources.
- Administer rate plans and conduct audits and maintenance on all systems (e.g., Synxis, Oracle) to ensure correct content and pricing across distribution channels.
- Prepare Revenue Management content for monthly and quarterly Owner meetings.
- Minimum of 3 years' experience in a growing service-based organization, with 3 years of direct Revenue Management experience strongly preferred.
- Excellent communication and listening skills.
- Passion, positivity, and flexibility in adapting to a growing organization.
- Strong interpersonal skills are advantageous.
- Attention to detail and the ability to evaluate complex information from various sources.
- Proficiency in Microsoft Office, spreadsheets, and brand property Management System(s).
Benefits
- Paid time off such as PTO, sick days, and vacation days
- Health insurance
Job Summary
Full Time
$94k-136k (estimate)
06/04/2024
07/26/2024
The job skills required for Revenue Manager include Pricing, Revenue Management, Analysis, Microsoft Office, Insight, Attention to Detail, etc. Having related job skills and expertise will give you an advantage when applying to be a Revenue Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Revenue Manager. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Revenue Manager positions, which can be used as a reference in future career path planning. As a Revenue Manager, it can be promoted into senior positions as a Revenue Cycle Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Revenue Manager. You can explore the career advancement for a Revenue Manager below and select your interested title to get hiring information.
If you are interested in becoming a Revenue Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Revenue Manager for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Revenue Manager job description and responsibilities
A revenue manager uses market data to set pricing or business strategy.
02/15/2022: Anderson, IN
Revenue managers oversee the process of collecting and organizing analytical data related to an organization’s revenue, sales, and other financial activities.
01/25/2022: San Jose, CA
An on-site revenue manager can benefit from firsthand knowledge of the market and activities at the hotel, but, thanks to technology, hotels can leverage the skills of a corporate revenue manager with great results.
02/23/2022: Montgomery, AL
Revenue managers also work closely with the Marketing department to create promotional offers and campaigns.
04/15/2022: San Bernardino, CA
Simply, revenue management means predicting consumer behavior to sell the product at an optimal price every day.
04/03/2022: Philadelphia, PA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Revenue Manager jobs
Some revenue management jobs may only require an associate’s degree and work experience.
02/19/2022: Fort Myers, FL
Channels are often closely tied to the customer segments that use them, so depending on the product type, a revenue manager can choose a channel and set prices for a particular segment of a target audience.
03/10/2022: Evansville, IN
Using data analysis and predictive analytics.
01/20/2022: Chicago, IL
Channel and overbooking management.
01/22/2022: Amarillo, TX
Without understanding that psychology should be at the center of revenue strategy, a revenue manager can be prone to the “spaghetti method” – throw everything at the wall and see what sticks.
03/03/2022: Sioux City, IA
Step 3: View the best colleges and universities for Revenue Manager.
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