Revenue Manager

Alchemy Global Talent Solutions is a leading provider of high-quality serviced apartments, offering flexible, fully furnished living solutions for business and leisure travelers. They are dedicated to delivering exceptional guest experiences and operational excellence, and are currently seeking a dynamic and results-oriented Revenue Manager to join our team.

As a Revenue Manager, you will be responsible for maximizing the profitability of our serviced apartment portfolio. You will play a pivotal role in developing and executing strategies that optimize pricing, inventory management, and distribution channels to ensure maximum revenue generation. This is an exciting opportunity for a strategic thinker with a deep understanding of the hospitality and serviced apartment sectors.

Key Responsibilities:

• Develop and implement revenue management strategies for all serviced apartment properties, ensuring optimal pricing and availability.
• Analyse market trends, competitor performance, and demand forecasts to drive pricing decisions and inventory control.
• Monitor and adjust rates for different room types and stay lengths based on market conditions and internal targets.
• Work closely with the Sales and Marketing teams to align pricing strategies with promotional campaigns and distribution channels.
• Conduct regular data analysis and reporting on key performance metrics, including RevPAR, occupancy rates, average daily rate (ADR), and overall revenue performance.
• Develop accurate demand forecasts to support business planning and budgeting.
• Leverage revenue management systems and tools to automate and optimize pricing and inventory management processes.
• Build and maintain strong relationships with online travel agents (OTAs), corporate clients, and other distribution partners.
• Regularly review and update pricing structures to ensure competitiveness while maintaining profitability.
• Assist in the development of corporate pricing policies and strategies for group bookings, long-term stays, and corporate partnerships.
• Provide training and support to other teams on revenue management best practices and tools.

Skills & Qualifications:

• Proven experience in revenue management, preferably within the serviced apartment, hotel, or broader hospitality industry.
• Strong analytical skills with the ability to interpret data and market trends to inform decision-making.
• Familiarity with revenue management software, channel management platforms, and other relevant tools.
• Excellent understanding of pricing strategies, demand forecasting, and inventory control.
• Strong communication and interpersonal skills, with the ability to collaborate across teams.
• Proactive, solution-focused, and able to thrive in a fast-paced environment.
• A bachelor's degree in hospitality management, business, or a related field is preferred.