Revenue Manager

Duties and Responsibilities

• Build and maintain strong relationship with hotel ownership and management


• Lead regularly scheduled revenue strategy virtual meetings based on contracted service level


• Generate and analyze performance reports; develop and communicate recommended strategies to hotel management


• Implement approved recommendations including, but not limited to setting and managing:


• Daily, seasonal and event pricing by room type


• Inventory allocations and restrictions


• Brand and online promotions


• Negotiated and transient rates


• Conduct competitor pricing analysis to understand competitive position, highlighting threats and opportunities and give recommendations accordingly


• Monitor systematic inventory restriction parameters, identifying opportunities to loosen or tighten restrictions


• Conduct displacement analysis and give recommendations on negotiated business


• Maintain channel parity


• Review and adjust channel/mix of business strategy


• Collaborate with other departments including Sales & Marketing, Operations, Distribution, etc.


• Complete special projects, participate on department committees and perform other responsibilities as assigned

Qualifications

• Minimum 2-4 years’ experience in hotel revenue management, preferably as a Revenue Manager


• Bachelor's degree in hospitality, business, or related field preferred


• Working knowledge of hotel/industry systems including PMS, CRS, OTA extranets, etc


• Ability to communicate confidently and clearly, both written and verbally including ability to strategically influence others


• Strong technical, analytical, and problem-solving skills


• Proficient in Microsoft Excel with preferred knowledge of Power BI


• Ability to effectively follow up on multiple projects


• Ability to present analysis to all levels of management in a variety of settings


• Must be able to work independently


• Strong time management skills and ability to prioritize work


• Able to travel up to 10% of time