waqas chaudhary, Revenue Manager

waqas chaudhary

Revenue Manager

park Inn by radisson, Riyad (pre opening)

Location
Saudi Arabia - Jeddah
Education
Master's degree, Arts and Social Sciences
Experience
10 years, 1 Months

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Work Experience

Total years of experience :10 years, 1 Months

Revenue Manager at park Inn by radisson, Riyad (pre opening)
  • Saudi Arabia - Riyadh
  • My current job since February 2020

Pre opening Hotel

Revenue Manager at Park Inn BY Radisson
  • Saudi Arabia - Mecca
  • January 2017 to January 2020
Revenue Manager at Parkinn By Radisson Makkah Alnaseem (pre opening)
  • Saudi Arabia - Mecca
  • January 2017 to January 2020

Member of Hotel Pre-Opening Team,
 Managing Inventory of 459 Rooms Including 41 Suites.
 Prepared three Annual Budgets for the property 2017, 18 and 19.
 Creating 3 months forecast and maintain Year End Forecast on monthly basis.
 Implement revenue management operations, procedures and best practices.
 Identifying new revenue opportunities, Optimize and expand distribution partnerships.
 Challenge and influence hotel to improve service level and operational standards.
 Daily pick-up analysis, strategy adjustments and performance reporting.
 Oversee revenue management and distribution strategy of the hotel and manage day to day yield
operations.
 Perform competitive benchmark studies and follow market trends to Create and develop pricing strategies.
 Create and maintain an 18-month rolling demand calendar.
 Tracking weekly dynamic forecast of expected results, variances and budget comparisons.
 Manage and oversee strategy for all 3rd party distribution
 Responsible for assessing, analyzing and pricing group business strategies.
 Analyze overall monthly hotel performance and provide summary report with recommendations to improve
long term strategies.
 Ensure all related systems are configured correctly, validated and working to full capacity
 Oversee and audit the standards and operations of the reservations department.
 Ensure web site booking process is maintained up-to-date and functional as per Brand standards.
 Ensure hotel personnel is fully competent in the use of all systems.
 Build and maintain strong working relationships with levels of staff at the client hotel.
 Work in liaison with hotel sales and reservations departments as a team.
 Regularly check the input and the quality of data (segmentation, rate codes, other brand standards etc…)
 Analyzing competitors and market performance by environmental scanning, market modeling.
 Responsible for business mix yield management, length of stay yield management, inventory availability
by channel, pricing control and new pricing concepts
 Evaluate performance of distribution partners and contracted rates (OTA, FIT, tour operator, corporate,
consortia, crew, groups, etc…) and to discuss with GM and Sales for future results.
 Reduce the cost of distribution by finding new less expensive means of business.
 Prepare outline for and support the annual revenue budget process.
 Creating and Promoting new promotions & offers on social media with marketing team.
 Dealing with Online Booking Channels (Booking.com, Expedia, Agoda, Hotels.com etc)
 Proactively target forward dates of concern and, in liaison with F&D Manager and Director of Sales,
develop strategies to preempt any issues.
 Communicating any new Rate Plans and Packages to all Reservations and Front Office team,
 Monthly one to one on job training with reservations team and working closely with them to develop their
potential talent for future career.
 Opening and closing rate codes and room types in the PMS (opera) and Creating new rate codes &
packages as needed by using brand owned tools.
 Participating in preparation of monthly forecast, revenue meetings, GM comments.
 Active Member of hotels QFG (Quality focus group)
 On monthly basis performing role of MOD (Manager On Duty

Reservations Manager at Radisson Blu Royal Suite Hotel
  • Saudi Arabia - Jeddah
  • April 2014 to January 2017

Education

Master's degree, Arts and Social Sciences
  • at University of Karachi
  • January 2017
Bachelor's degree, English
  • at Karachi UniversityHigher Secondary School
  • January 2008

– “

High school or equivalent, English
  • at Pakistan International SchoolSecondary school
  • January 2005

Specialties & Skills

Occupancy Planning
Hotel Reservations
Budgeting
Forecasting
Revenue Management
BUSINESS STRATEGY
BUDGETING
BUSINESS PRESENTATIONS
CLOSING
reservations team management
opera PMS
yeilding
forecast
online channels
revenue management

Languages

Arabic
Expert
English
Expert
Urdu
Expert

Training and Certifications

Revenue management professional (Certificate)
Date Attended:
October 2019
OPera PMS (Certificate)

Hobbies

  • reading, traveling