Revenue Manager

About The Red PalaceA symbol of Saudi Arabia’s heritage, The Red Palace stands as an extraordinary landmark in Riyadh, now reimagined as an ultra-luxury boutique hotel. Originally built in 1943, this historic Palace has been transformed into a masterpiece of refined hospitality, blending timeless elegance with contemporary sophistication.Nestled in the heart of the capital, The Red Palace offers an exclusive glimpse into the Kingdom’s storied past, featuring meticulously restored architecture, curated cultural experiences, and unparalleled service. Every detail has been thoughtfully designed to honor its legacy while delivering a modern interpretation of luxury. At The Red Palace, we invite guests to step into a world of history, prestige, and indulgence, where tradition and innovation seamlessly come together.HOTEL: The Red PalaceJOB TITLE: Revenue ManagerREPORTING TO: Director of SalesJOB ROLEThe Revenue Manager is responsible for maximizing rooms and total revenue at The Red Palace through strategic pricing, inventory control, and demand forecasting. This role works closely with Sales, Reservations, and Marketing to deliver commercial performance in line with the property's luxury positioning.RESPONSABILITIESDevelop and execute pricing strategies across all segments (transient, group, corporate, wholesale) and channels (OTA, GDS, direct, voice)Build and maintain rolling demand forecasts (30/60/90-day and annual) using historical data, market trends, and on-the-books paceConduct daily rate and inventory reviews; adjust restrictions (minimum stay, closed-to-arrival) to optimize RevPAROwn the RMS/PMS revenue configuration and ensure rate parity across all distribution channelsLead weekly revenue strategy meetings with the General Manager, Sales, and Reservations leadershipDaily pick-up report by market segmentAnalyze competitive set performance (STR reports, rate shopping) and adjust positioning accordinglyWork with Sales on group pricing, displacement analysis, and contract negotiationPrepare monthly revenue performance reports and budget/forecast variance analysisChampion The Red Palace's brand standards and rate integrity across all market segmentsEnsure compliance with all hotel policies, procedures, and brand standards.Ensure the accuracy of Rates details in the PMS and all distributions channels including but not limited to ARI, rate pricing, Packages, Cancellation policies, Guarantee & Payment Policies as well as children policy. QUALIFICATIONS AND EXPERIENCE4–7 years in hotel revenue management, ideally within luxury or ultra-luxury propertiesStrong command of PMS/RMS platforms (Opera, IDeaS, Duetto, or similar)Advanced Excel skills; comfort with financial modeling and data analysisStrong analytical and communication skills; ability to influence cross-functional stakeholdersBachelor’s degree in hospitality, Business, or a related field preferredCOMPETENICES AND SKILLS Leadership and team managementCustomer service excellenceAnalytical and problem-solving abilitiesAttention to detail and accuracyStrong interpersonal and communication skillsProficiency in hotel management software