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Director of Revenue Management

3 months ago

Alpharetta, United States Hospitality Ventures Management Group Full time
Are you ready to take your career to new heights? Do you have a passion for maximizing revenue and driving profit? We have an exciting opportunity for a Director of Revenue Management to join our team at Hospitality Ventures Management Group About us

At Hospitality Ventures Management Group, we manage a portfolio of 2-3 Hotels (Full & Select Service) throughout the portfolio of 56 hotels in 19 states We are committed to providing exceptional experiences for our guests and maximizing revenue for our properties. We believe in fostering a positive and collaborative work environment where our team members can thrive and grow.

What you will be doing

As the Director of Revenue Management, you will play a vital role in coordinating revenue management processes and procedures for our hotels. Your key priorities will be to maximize each hotel's room revenue and RevPAR index potential. You will have the opportunity to develop and implement pricing strategies, analyze demand factors, and optimize distribution channel strategy. Additionally, you will provide forecasting recommendations to our general managers and conduct competitive analysis to stay ahead of the game.

Additional Responsibilities include:

Provide strategies to drive profit of Property to Regional RM and Operations Leaders.
Manage relationship with corporate leadership and ownership.
Provide analysis, strategies and results on segment strategies using BI tools to determine optimal mix.
Identify opportunities through channels and recommend channel marketing.
Analyze historical data and future trends on any special events, need dates and/or promotions to maximize revenues.
Drive incremental revenue streams – no-show, early departure, room rate differentials, and upgrades.
Drive Revenue Management Meetings.
Provide Analytical Review of STAR reports, Monthly Performance and Market Conditions.
Analyze all related reports and implement recommendations and feedback.
Analyze and provide strategies for 53rd week.
Develop and monitor sales and pricing strategies.
Ensure proper competitor positioning and pricing strategy through effective analysis and reporting.
Conduct calls with OTA market managers to discuss the improvement revenues from OTA booking channels.
Assist General Managers with room revenue budget and RPI goals.
Work with Director of Sales to set group rates.
Audit Group Selling strategy for high and low demand periods.
Provide recommendation on negotiated business travel and/or wholesale pricing.
Assist with Business Evaluations of group and contract business including displacements.
Build Relationships with the Key Management Staff of the Property Hotel Team.
Effectively communicate revenue management needs with the hotels and train key hotel staff on revenue management related procedures.
Review demand, convention and city event calendars to keep abreast of all demand generators as needed.
Collaborate with GM, Operations, and Sales to create local packages and promotions.
For Large Full-Service Hotels, additional customized scope of services may include: Group/scrub/forecast; Group coordination; Decision maker on group evaluations; F&B/meeting space yield management; Paid media management; Weekly Update/Monthly Discussion; Weekly operational forecast
What you bring to the table5-8 years of multi-unit revenue management experience
Bachelor's degree in a relevant field or equivalent combination of education and work experience
Marriott or Hilton Experience, Required.
Bonus points for experience with IHG, Hyatt, and/or independent hotels
Why join our teamComprehensive benefits package including medical, dental, vision, and more
Life insurance, long-term disability, and short-term disability coverage
Paid sick/personal days, vacation days, and holidays
401(k) with a guaranteed 4% match
Company travel discounts
We are an equal opportunity employer and value diversity. We do not discriminate on the basis of race, color, national origin, religion, sex, age, marital status, or disability.

Source: Hospitality Online