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DORM for President –
Revenue Management Professionals
becoming Data Scientists and Marketing
Evangelists.
Frédéric Toitot, Director RM Programs & Careers, Global
RM & Pricing, Accor
HSMAI CONFERENCE, LONDON 24th February 2015
2
3
48	
  %	
  
50	
  %	
  
2	
  %	
  
Fundamentally different Rather Different The same
98%believe that the job of RM will
substantially differ between today and 2020
% of answers to the question: « How do you see the job of a Revenue Manager between today and
2020?” (44 respondents)
4
Revenue Management
will be substantially
impacted by the strong
development of
technology and the
emergence of big data
What about
the RM roles ?
5
60%rank technology has the driving
factor of change in the future RM role
2%	
  
3%	
  
10%	
  
11%	
  
12%	
  
25%	
  
35%	
  
More	
  educated	
  and	
  experience	
  Revenue	
  
Managers	
  on	
  the	
  market	
  
Accor	
  Organiza?onal	
  changes	
  
Economic	
  Trend	
  and	
  Market	
  Varia?on	
  
Growing	
  RM	
  Culture	
  in	
  hospitality	
  
Clients	
  evolving	
  behavior	
  
Technology	
  leap	
  (emergence	
  of	
  big	
  data)	
  
Technology	
  leap	
  (emergence	
  of	
  mul?ple	
  
travel/pricing	
  actors	
  and	
  solu?ons	
  on	
  the	
  
% of answers to ranks 1 and
2 to the question:
« According to you, what is/
will be driving that change in
the RM Job? ( Rank by
importance, 1 being the most
important)” (44 respondents)
6
A new set of
competencies
is required to
perform in
Revenue
Management
7
50%believe Accor RM are especially
lacking forecasting and analytical skills
25% 25%
21%
13%
11%
4%
Forecasting,pricing,
channels
Dataanalytics
statistics
Market
environment
Experience
exposure
ProEnglish
XLS
% of answers to ranks 1 and 2 to the question: « In general, what are the main competencies you think
Revenue Managers are lacking the most today at Accor and that they should master in the coming years?
Rank the items (1 being the competency RM are lacking the most today)” (44 respondents)
8
A new set of
competencies
is required to
perform in
Revenue
Management
Profiling and casting
The 2020 RM usual suspects
40%	
  
25%	
  
24%	
  
11%	
  
The	
  YIELDER	
  
The	
  HOTELIER	
  
The	
  STATISTICIAN	
  
The	
  MANAGER	
  
9
Revenue Manager remains a specialist job
but more and more looking for data experts
% of answers to ranks 1 and 2 to the question: « If we had to hire tomorrow a Revenue Manager in a strategic Accor hotel,
which of the following profiles would you advise us to select in priority? Rank the profiles (1 being the top priority)” (44 respondents)
10
New skills &
competencies
have to be
developed
through
modern, up to
date and in-
depth training
courses
11
38%consider forecasting and pricing as
the key concepts to master to make Accor
RM outstanding professionals in 2020
Communica2on	
  and	
  presenta2on	
  skills	
  
Data	
  analy2cs	
  and	
  applied	
  sta2s2cs	
  
E-­‐distribu2on	
  &	
  channel	
  management	
  
In-­‐depth	
  revenue	
  forecas2ng	
  and	
  pricing	
  
14%	
  
19%	
  
30%	
  
38%	
  
% of answers to ranks 1 and 2 to the question: « According to you, among the following training courses, which ones do you think will make a difference
(period 2015-20) for Accor RM to be recognized as outstanding pro? Rank the items by importance (1 being the most important))” (44 respondents)
12
In your own words… the new face
of the Revenue Manager 2020
Answer to the question: « If you had to define the Hotel Revenue Manager 2020, which key words would you spontaneously propose? You may write
below up to 5 key words. (44 respondents)
13
Questions?

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Fredéric Toitot - HSMAI Europe

  • 1. DORM for President – Revenue Management Professionals becoming Data Scientists and Marketing Evangelists. Frédéric Toitot, Director RM Programs & Careers, Global RM & Pricing, Accor HSMAI CONFERENCE, LONDON 24th February 2015
  • 2. 2
  • 3. 3 48  %   50  %   2  %   Fundamentally different Rather Different The same 98%believe that the job of RM will substantially differ between today and 2020 % of answers to the question: « How do you see the job of a Revenue Manager between today and 2020?” (44 respondents)
  • 4. 4 Revenue Management will be substantially impacted by the strong development of technology and the emergence of big data What about the RM roles ?
  • 5. 5 60%rank technology has the driving factor of change in the future RM role 2%   3%   10%   11%   12%   25%   35%   More  educated  and  experience  Revenue   Managers  on  the  market   Accor  Organiza?onal  changes   Economic  Trend  and  Market  Varia?on   Growing  RM  Culture  in  hospitality   Clients  evolving  behavior   Technology  leap  (emergence  of  big  data)   Technology  leap  (emergence  of  mul?ple   travel/pricing  actors  and  solu?ons  on  the   % of answers to ranks 1 and 2 to the question: « According to you, what is/ will be driving that change in the RM Job? ( Rank by importance, 1 being the most important)” (44 respondents)
  • 6. 6 A new set of competencies is required to perform in Revenue Management
  • 7. 7 50%believe Accor RM are especially lacking forecasting and analytical skills 25% 25% 21% 13% 11% 4% Forecasting,pricing, channels Dataanalytics statistics Market environment Experience exposure ProEnglish XLS % of answers to ranks 1 and 2 to the question: « In general, what are the main competencies you think Revenue Managers are lacking the most today at Accor and that they should master in the coming years? Rank the items (1 being the competency RM are lacking the most today)” (44 respondents)
  • 8. 8 A new set of competencies is required to perform in Revenue Management Profiling and casting The 2020 RM usual suspects
  • 9. 40%   25%   24%   11%   The  YIELDER   The  HOTELIER   The  STATISTICIAN   The  MANAGER   9 Revenue Manager remains a specialist job but more and more looking for data experts % of answers to ranks 1 and 2 to the question: « If we had to hire tomorrow a Revenue Manager in a strategic Accor hotel, which of the following profiles would you advise us to select in priority? Rank the profiles (1 being the top priority)” (44 respondents)
  • 10. 10 New skills & competencies have to be developed through modern, up to date and in- depth training courses
  • 11. 11 38%consider forecasting and pricing as the key concepts to master to make Accor RM outstanding professionals in 2020 Communica2on  and  presenta2on  skills   Data  analy2cs  and  applied  sta2s2cs   E-­‐distribu2on  &  channel  management   In-­‐depth  revenue  forecas2ng  and  pricing   14%   19%   30%   38%   % of answers to ranks 1 and 2 to the question: « According to you, among the following training courses, which ones do you think will make a difference (period 2015-20) for Accor RM to be recognized as outstanding pro? Rank the items by importance (1 being the most important))” (44 respondents)
  • 12. 12 In your own words… the new face of the Revenue Manager 2020 Answer to the question: « If you had to define the Hotel Revenue Manager 2020, which key words would you spontaneously propose? You may write below up to 5 key words. (44 respondents)