Director of Revenue Management - Banyan Tree Al Ula

Discover an enchanted sanctuary suspended in time and space.

Banyan Tree AlUla is a tranquil desert retreat that sets the gold standard for luxury hotels in AlUla, Saudi Arabia. Located in one of the world's most exciting travel destinations, our 5-star hotel is deeply inspired by the magical surroundings of the Ashar Valley. Here, guests are enveloped in breathtaking vistas, from sweeping desert sands to towering sandstone cliffs and rugged rock formations.

Experience luxury living at this oasis, where each of our elegant tented villas whispers tales of Arabian opulence. Authentic, handcrafted antiques decorate every corner, high ceilings soar above, and canopy tents pay tribute to the land, seamlessly blending with the desert scenery.

Set in an area known as the world's largest living museum, our luxurious desert resort in Saudi Arabia is just a short flight from either Riyadh or Jeddah, connected by direct flights from Dubai. This convenient location further adds to Banyan Tree AlUla's allure, making it an irresistible draw for international travellers.

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Reporting to the General Manager with dotted line to the Vice President Revenue Management, the Director Revenue Management is responsible for maximizing revenue and profitability for the Banyan Tree Al Ula. This role involves strategic planning, analysis, and implementation of revenue management practices to optimize pricing, inventory, and distribution strategies. The ideal candidate will possess strong leadership skills, a deep understanding of market dynamics, and a proven record of accomplishment of driving revenue growth. Employee relations, digital marketing, compensation resource planning and talent management. The ideal candidate will be experience will have previous experience of managing more than three properties.

Key Responsibilities:

• Develop and execute revenue management strategies to achieve financial goals for the  property.
• Analyze market trends, competitor performance, and customer behavior and update pricing and inventory management.
• Collaborate with hotel leadership teams to establish revenue targets and ensure alignment with overall business objectives.
• Monitor and evaluate key performance indicators (KPIs) to assess the effectiveness of revenue management strategies and make data-driven adjustments.
• Oversee the implementation of pricing policies, distribution strategies, and promotional activities.
• Conduct weekly regular revenue meetings with property commercial teams to review performance and discuss strategies for improvement.
• Ensure Best practice and (SOP) are followed to maximize synergies and drive profitability
• Utilize revenue management systems and tools to analyze data and generate actionable insights.
• Foster a culture of continuous improvement and innovation within the revenue management team.

People & Culture

• Foster a positive and structured work environment which encourages the successful operation of the business, calling upon the necessary processes to deal with disciplinary, grievance and workforce change situations. 
• Strive to increase employee engagement by promoting a positive work environment where each employee is informed and proactive about the overall business goals.  Ensure the consistent delivery of business and employee information with transparency so that each employee understands how they contribute to the company’s success. 

• Ensure all mandatory training is compliant.

• For all supervisory positions have a transparent development programme in place in conjunction with the People & Culture leader as well as Learning & Development.
• Development of direct reports to give them ongoing feedback and development.
• Ensure bi-annual Talent Review process is conducted and associated documentation maintained to the required standard.
• Facilitate the performance management cycle from probation reviews, annual performance reviews, development plans as well as on the job training.

Finance  

• The activities and contribution of the role will impact the performance of the hotel. 
• They will act on behalf of the business to work through complex situations and reduce risk, interpreting and implementing company policies and employment legislation as appropriate.
• They will be required to exercise sound judgment and integrity at all times to ensure confidentiality of protected information.
• Be fiscally competent in budgeting, forecasting including the commentary that goes with the documents/meetings.
• Demonstrate full awareness of hotel budget/P&L and work towards achieving it by minimizing expenses and maximizing revenue through suggestions on the payroll forecasts and hiring plans.

• Bachelor's degree in Hospitality Management, Business Administration, or related field; Master's degree preferred
• Minimum 7-10 years of experience in revenue management or related field, preferably in luxury hospitality
• Proven track record of successful revenue optimization strategies and financial performance improvement
• In-depth knowledge of revenue management systems and financial analysis tools
• Strong leadership skills with the ability to motivate and develop high-performing teams
• Excellent analytical and strategic thinking capabilities
• Advanced proficiency in Microsoft Office suite, particularly Excel
• Outstanding negotiation and communication skills
• Solid understanding of the Middle Eastern hospitality landscape
• Revenue Management certification (e.g., CRME) is a plus
• Ability to thrive in a fast-paced, dynamic environment and adapt to changing market conditions
• Willingness to relocate to AlUla, Saudi Arabia