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.

Alternative Labels

hospitality revenues manager

hospitality yields manager

revenue manager

yield manager

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Skills & Competences

Essential Skills and Competences

analyse booking patterns apply numeracy skills comply with food safety and hygiene develop business case develop financial statistics reports develop revenue generation strategies ensure cross-department cooperation ensure price competitiveness forecast occupancy demand implement marketing strategies implement sales strategies inspect data make data-driven decisions manage hospitality revenue manage staff monitor financial accounts perform market research plan medium to long term objectives produce statistical financial records

Essential Knowledge

property management software

Optional Skills and Competences

coach employees conduct financial audits develop working procedures handle customer complaints maintain customer service manage budgets manage yield quote prices train employees

Skills & Competences

Concept URI

Concept Uri

http://data.europa.eu/esco/occupation/002da35b-7808-43f3-83bf-63596b8b351f

Status

released

Occupations