Area Director of Revenue Management
1 month ago
The Bridge Hotel Group is looking for a dynamic and passionate Area Director of Revenue Management to over see the Revenue Management function. .
This is an exciting opportunity, as we have changed the culture and process of revenue management for our hotels. We recognize the importance of revenue management and are creating a dynamic TEAM that will be very successful. This is a GREAT opportunity for someone who wants to have a voice and an active role in the creation of our revenue management discipline.
The Area Director of Revenue Management maximizes hotel room revenue through daily management of guest room inventory and product pricing for multiple Moxy hotels. They will understand the market and competitive business positioning in order to develop each hotel's business strategy integrating both strategic and tactical skills. The Area Director of Revenue Management must be strategic and decisive, combining knowledge in ecommerce, sales, marketing and distribution to make the optimal revenue decisions in all channels.
Primary Responsibilities:
Manages the guest room inventory through the systems end date for assigned hotels. Manages rates and inventories in all distribution channels to ensure parity.Creates implements and evaluates strategic pricing decision by market segment and channel to maximize room revenues for assigned hotels.
Strategically sets group bookings parameters in Sales Pro (MARs and ceilings) in conjunction with the transient strategies to maximize group room revenue for assigned hotels.
Assist in preparation of annual budget and marketing plan.
Maintains a complete short-term & long-term awareness of the local market. Track, evaluate and communication business and market trends for assigned hotels to the property team, VP of Revenue Management, and corporate stakeholders.
Evaluates the area competitors in regard to pricing, mix of business, brand directives and overall selling initiatives. Monitors competitors pricing and make pricing adjustments accordingly.
Evaluates the daily, weekly and monthly STR report to understand the trends of assigned hotels and competition as well as understand the opportunities of hotels for YOY growth. Be able to understand and interpret market conditions, trends, and the competition.
Maintain demand generating calendars holidays, special events, city wides, etc.
Leads the Weekly Revenue Management Meeting to review performance, selling strategies and market trends for assigned hotels. Completes the Weekly Revenue Management Report to communicate to the hotel the performance results and strategies of assigned hotels.
Prepares and analyzes supporting documentation for revenue meeting for assigned hotels inventory, pricing, market shops, forecast, budget, STR, group pace, etc.
Ensures all Revenue Management data files are organized and maintained.
Ensures actual room revenue statistics for assigned hotels are accurate in Profit Sage, Smith Travel reports and brand systems.
Executes all corporate revenue management initiatives for assigned hotels.
Work with fellow DORMs for opportunities to shift demand to sell out all same city hotels.
Develops and implement quarterly strategic action plans.
Act as a liaison to brand. Utilize in depth knowledge of brand distribution systems, including new marketing and promotional opportunities as they are made available.
Develops and maintains partnership with 3rd party business partners. Work with VP of Revenue Management to develop and implement effective strategies to maximize third party, and opaque channel e-commerce demand.
Visit hotels competitor's minimum of every 6 months to understand hotels strengths and weaknesses against each competitor both from a product and yield strategy perspective.
Requirements:3-5 years minimum experience in hotel Revenue Management position
High School Diploma required
College degree in hospitality or business administration or related field preferred
Strong understanding of CRO, GDS, PMS, SalesPro and Internet distribution systems
Team oriented individual that can adapt to a fast-changing environment
Strong analytical mindset and ability to solve problems creatively using mathematics
Multiple market experience preferred
Robust excel background preferred
IDeaS revenue management system experience preferred
Opera PMS experience preferred
Understanding of length of stay pricing philosophy
Effective communication skills, both verbally and written
Ability to work both independently and cross-functionally to achieve goals
NYC experience a must
Marriott, Luxury Experience
* For applicants working in NYC, the anticipated compensation range is $130K-$150k per year. The salary offered to a successful candidate will depend on several factors, including but not limited to years of experience within the job, years of experience within the required industry, education, etc
Source: Hospitality Online
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