duties of a group revenue manager Develop and implement dynamic pricing strategies to maximise revenue and occupancy across the group – Analyse market trends and demand forecasts to guide pricing decisions – Collaborate with the GM and Head of Sales on targeted promotions and rate strategies – Perform daily yield management across online booking platforms – Maintain and optimise direct booking rates on company websites – Conduct regular competitor pricing reviews and lead weekly positioning discussions Inventory & Rate Management: – Oversee inventory control processes to ensure availability aligns with demand – Ensure accurate rate loading and seamless integration across all platforms – Maintain consistent pricing across direct websites and OTAs – Build and manage room and package rates specifically for The Cape Milner OTA & Online Channel Management: – Oversee and maintain all online booking portals, ensuring accurate and timely updates – Implement pricing strategies across platforms such as Expedia, Booking.com, Hotelbeds, Book Now, and Travel Ground – Regularly update specials and promotions on OTAs and the Extraordinary website – Expand and optimise OTA listings for all properties to increase visibility and reach – Monitor and manage online occupancy levels to maximise revenue – Track daily OTA performance metrics, including enquiries, conversions, and statistics Sales & Reservations: – Manage daily reservation sales activities for The Cape Milner hotel – Monitor and analyse hotel and group-wide online revenue performance – Generate and present regular revenue reports to key stakeholders – Participate in strategic meetings and collaborate across departments to align revenue goals Demand Forecasting: – Analyse historical booking data, market trends, and external factors such as seasonal patterns, economic indicators, and local events to anticipate future demand – Utilise forecasting models and algorithms to generate accurate demand predictions – Monitor booking pace and reservation patterns to adjust pricing and inventory strategies in real time – Support strategic decision-making by providing data-driven insights that align with revenue goalsChatGPT said:Here’s a well-structured and professional job description for a Group Revenue Manager, based on the duties you provided. This version breaks the content into clear sections, making it suitable for use in job postings, internal documentation, or role clarifications:Develop and implement dynamic pricing strategies to maximise revenue and occupancy across all properties in the group.Analyse market trends, competitor behaviour, and demand forecasts to guide short- and long-term pricing decisions.Collaborate with General Managers and the Head of Sales to create and execute targeted promotions and strategic rate plans.Perform daily yield management across all online booking platforms, ensuring optimal pricing and inventory control.Maintain and optimise direct booking rates on all company websites to encourage direct conversions.Lead weekly rate positioning discussions and conduct regular competitive pricing reviews.Oversee inventory control processes to ensure that room availability aligns with anticipated demand.Ensure accurate and timely rate loading across all systems and channels, maintaining consistency on both direct and third-party platforms.Build and manage room and package rates, with a special focus on The Cape Milner hotel.Ensure seamless integration of rate updates across all distribution platforms.Manage all online travel agency (OTA) accounts, ensuring content, rates, and availability are current and optimised.Implement and monitor pricing strategies on platforms including Expedia, Booking.com, Hotelbeds, Book Now, and Travel Ground.Regularly update specials, promotions, and packages on OTAs and the Extraordinary Collection website.Expand and optimise OTA listings to increase online visibility, conversions, and reach for all properties.Track and analyse OTA performance metrics such as occupancy levels, booking pace, conversion rates, and revenue contributions.Oversee and manage daily reservation sales operations, particularly for The Cape Milner hotel.Monitor online revenue performance at both the property and group levels.Generate, analyse, and present regular revenue reports to key stakeholders and senior leadership.Participate in strategic meetings, working closely with Sales, Marketing, and Operations teams to align objectives and optimise revenue outcomes.Analyse historical data, market dynamics, seasonal patterns, and local events to forecast future demand.Utilise forecasting tools and models to provide accurate occupancy and revenue projections.Continuously monitor booking pace and adjust pricing and inventory strategies in real time.Deliver actionable, data-driven insights to support strategic revenue decisions across the group.Strong analytical and forecasting skills.In-depth knowledge of OTA platforms, revenue management systems, and channel managers.Proficiency in Excel and revenue reporting tools.Collaborative mindset with excellent communication skills.Detail-oriented with a strategic approach to problem-solving.