Director of Revenue Management

Director Of Revenue ManagementAt Hyatt, we believe our guests select Hyatt because of our caring and attentive associates who are focused on providing excellent service and meaningful experiences. Andaz Miami Beach is now recruiting a Director of Revenue Management to join the resort. An art-deco building and architectural landmark is home to the newest luxury lifestyle hotel located in the heart of Mid-beach. The property boasts 287 guestrooms including 64 breathtaking suites and the ONLY Ocean-view arrival experience in Miami Beach. The design features elements of texture, art, and pops of color that create a unique and captivating experience. Each suite is designed with floor-to-ceiling windows, most with deep-soaking tubs, and cozy reading nooks. Guests can also enjoy private outdoor terraces with stunning views of the Atlantic and the Miami skyline. Unmatched amenities include a full-service spa, a well-equipped fitness center, a destination dining experience by Jos Andrs, two pools, and a Beach Club catering to the who's who of Miami. Spanning 25,000 square feet of innovative indoor and outdoor event space, Andaz Miami Beach will become a landing spot for guests and locals seeking celebratory gatherings that embrace the city's culture of music, art, and fashion.The Director of Revenue Management will be responsible for maximizing overall hotel revenue across rooms, food & beverage, and event spaces. This leader will design and implement competitive pricing and distribution strategies, ensuring Andaz Miami Beach outperforms its market rivals. Key responsibilities include:Driving topline revenue and profitability through strategic inventory managementProducing accurate forecasts to set ambitious yet achievable hotel goalsSupporting sales & marketing initiatives with data-driven insightsMentoring and developing revenue analysts, reservations, and operations managersOverseeing reservations and upsell programs to optimize guest spendPosition Responsibilities/ Essential Functions include:Analyze short- and long-term forecasting, analyze trends in group inventories & rates to include occupancy, goals, product line and strategic sales goals.Analyze and monitor marketing channels, key and other account production. Ensure that all major channels of distribution effectively support the hotel and maintain rate parity.Conduct a weekly strategy meeting to evaluate pricing strategies and availability control.Update all channels of distribution as needed with rate or inventory restrictions.Receive all definite and tentative group bookings and provide the General Manager with qualified analysis of how each booking will impact occupancy, average rate and rooms profit over the dates in question.Work with each department to develop property-specific strategies to ensure positive growth.Establish appropriate goals and benchmarks to effectively measure performance.Monitor and analyze the competition weekly through competitive shops, internet, news reports to identify selling strategies and emerging trends.Work to drive appropriate market mix and segmentation for the resort to maximize revenue, ADR, and REVPAR index within Competitive SetLead resort to deliver best in class results when compared to luxury lifestyle comp. set. KPI's to include: Total Revenue, ADR, REVPAR, RMI Index, Business Mix and TREVPARExplore and provide variations in the market mix, which would stimulate additional revenue without increasing costs.Work on all Revenue Management projects as requested e.g. implementing formal End of Month reporting process at each hotel, providing roll up reporting for corporate users and the brand team, etc.Develop and implement succession planning for Revenue Management talent.Management of OTA ExtranetsContinuously audit content on hotel website and OTA partners providing feedback to Marketing TeamPartner with Digital and Field Marketing Team assessing strategy and appropriate spend to maximize financial returns and exposureLead, hire, train and coach Reservations AgentsPerform other related tasks as required.Qualifications:Undergraduate degree in Hospitality, Business or FinanceThree Years of Experience as a Director of Revenue Management at a luxury lifestyle resortDeep Understanding of Miami Beach Market, Current Trends and Pricing StrategyStrong organization and analytical skillsIntermediate or expert skill level in the use of the Microsoft Office Excel and related data management systems.Technically strong in managing systems such as IDEAS G3, OPERA, RMT, Reserve, Envision and Cognos.Skilled in delivering effective presentations to senior leadership and ownership partnersPrior Experience with managing revenue in a Forbes Four or Five Star rated property preferredAs an Andaz Miami Beach colleague, you will enjoy the following benefits:Free room nights, Discounted and Friends & Family Room RatesMedical, Dental, and Vision Insurance with only a 30-day waiting period401K with company matchFree ParkingGenerous Paid Time OffPaid Family Bonding Time and Adoption AssistanceTuition ReimbursementEmployee Stock Purchase PlanDiscounts at various retailers Apple, AT&T, Verizon, Headspace and many moreAndaz team members work in an environment that demands exceptional performance yet reaps great rewards. Whether it's career opportunities, job enrichment, or a supportive work environment, if you are ready for this challenge, then we are ready for you.Our Values:EmpathyIntegrityRespectInclusionExperimentationWellbeingAt Hyatt, we believe in the power of belonging - of making people feel at home no matter where they are in the world. We turn trips into journeys, encounters into experiences, and jobs into careers. Join a team that is making travel more human. Connected. Sustainable. Here, everyone's role matters. Opportunities are yours to shape. Your individuality is celebrated. At the heart of Hyatt is our shared belief that hospitality is more than just a job it's a career for people who care. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.If you are a results-oriented individual with a passion for selling a vibrant, playful hotel with one-of-a-kind gathering places offering the perfect backdrop for meetings, weddings, and special occasions, become part of Miami's first Andaz luxury lifestyle resort - Apply nowPrimary Location: US-FL-MiamiOrganization: Andaz Miami BeachPay Basis: YearlyJob Level: Full-timeJob: RevenueReq ID: MIA003994Hyatt is an equal employment opportunity and affirmative action employer. We do not discriminate on the basis of race, color, gender, gender identity, sexual orientation, marital status, pregnancy, national origin, ancestry, age, religion, disability, veteran status, genetic information, citizenship status or any other group protected by law.