Area Director of Revenue Management Montrose, West Hollywood, CA

Hotel Equities, a multi-award-winning hotel development and hospitality management company, is currently searching for a remarkable Area Director Revenue Manager for Montrose at Beverly Hills, in West Hollywood, CAJob Purpose: The Area Director of Revenue Management for Montrose and West Hollywood, CA, is a strategic leadership position responsible for maximizing revenue and profitability across multiple properties within the designated region. This role involves developing and implementing comprehensive revenue management strategies that align with overall business objectives and market dynamics. The Area Director will analyze market trends, competitive positioning, and customer behavior to optimize pricing, inventory, and distribution channels. Collaboration with sales, marketing, and operations teams is essential to ensure cohesive execution of revenue initiatives and to drive sustainable growth. Ultimately, this position aims to enhance financial performance by leveraging data-driven insights and innovative revenue management practices. Qualifications and Requirements: Bachelor's degree in Business Administration, Hospitality Management, Finance, or a related field. Minimum of 5 years of experience in revenue management within the hospitality industry, preferably managing multiple properties. Proven track record of developing and implementing successful revenue strategies that drive measurable financial results. Strong analytical skills with proficiency in revenue management systems, data analysis tools, and Microsoft Office Suite. Excellent communication and leadership skills with experience managing and developing teams. Master's degree in Business Administration, Hospitality Management, or a related discipline. Experience working in the Montrose and West Hollywood markets or similar competitive urban hospitality environments. Familiarity with advanced revenue management software such as IDeaS, Duetto, or Rainmaker. Certification in Revenue Management or related professional credentials. Demonstrated ability to lead cross-functional projects and influence stakeholders at all organizational levels. This job requires the ability to perform the following: Develop and execute revenue management strategies for multiple properties within the Montrose and West Hollywood area to maximize revenue and market share. Analyze market data, competitor pricing, and demand patterns to forecast revenue and adjust pricing strategies accordingly. Collaborate closely with sales, marketing, and operations teams to align revenue goals with promotional activities and operational capabilities. Monitor key performance indicators (KPIs) such as occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) to identify opportunities and risks. Lead, mentor, and develop a team of revenue managers to ensure consistent application of best practices and continuous professional growth. Manage distribution channels and relationships with third-party vendors to optimize online presence and booking efficiency. Prepare detailed reports and presentations for senior leadership to communicate revenue performance and strategic recommendations. Skills: The required skills are utilized daily to analyze complex data sets and market trends to inform pricing and inventory decisions that maximize revenue. Strong leadership and communication skills enable the Area Director to effectively guide and motivate a team of revenue managers while collaborating with sales and operations departments. Proficiency with revenue management systems and analytical tools supports accurate forecasting and performance tracking. Preferred skills such as advanced software knowledge and market-specific experience enhance the ability to tailor strategies to local conditions and competitive landscapes. Together, these skills ensure the Area Director can drive strategic initiatives that improve financial outcomes and maintain a competitive edge in the hospitality market. Other: Being passionate about people and service. Strong communication skills are essential when interacting with guests and employees. Reading and writing abilities are used often when completing paperwork, logging issues/complaints/requests/ information updates, etc. Basic math skills are used frequently when handling cash or credit. Problem-solving, reasoning, motivating, and training abilities are often used. Have the ability to work a flexible schedule including nights, weekends and/or holidays Amazing Benefits At A Glance: Team Driven and Values Based Culture Medical/Dental/Vision Vacation & Holiday Pay Same-day pay available Employee Assistance Program Career Growth Opportunities/ Manager Training Program Reduced Room Rates throughout the portfolio Third Party Perks (Movie Tickets, Attractions, Other) 401(k) Employee assistance program Employee discount Flexible schedule Flexible spending account Life insurance Parental leave Referral program