Revenue Strategist

4 weeks ago

New York, New York, United States A-STAFFING, INC. Full time
Revenue Manager

A prestigious luxury hotel in the heart of New York City is seeking a skilled Revenue Manager to join its team.

Key Responsibilities:
  • Conduct daily market and competitive intelligence analysis to inform revenue strategies.
  • Update selling restrictions and inventory controls in C-RES and PMS systems to optimize revenue.
  • Authorize daily updates to selling restrictions in distribution channels to ensure rate integrity.
  • Prepare weekly 10/14-day forecasts for the hotel, taking into account market trends, to ensure proper staffing and distribution to operational departments.
  • Monitor daily inventory and occupancy levels to alert Sales of low or high occupancy for proper action plans.
  • Maintain technical expertise on C-RES database components and utilize them to increase RevPar.
  • Prepare monthly 90-day forecasts in conjunction with the RSM and Group Sales manager for final submission to the team.
  • Submit data to industry-related sources for analysis and comparison, showing historical performance and enabling benchmarking against the competitive set.
  • Collaborate with the team and Marketing to formulate special rates and promotions.
  • Develop the hotel room revenue budget using a systematic approach, including day-by-day forecasts by segments in conjunction with the ESM.
  • Set clear goals and ensure resources are utilized to maintain and/or increase RevPar Index.
  • Participate in daily/weekly business review meetings with the ESM and Sales Team.
  • Conduct Weekly RevMax Meeting for the property and communicate changes in sales strategy to the Reservation(s) Team(s).
  • Liaise with Marketing for branding position and placement for promotions and packages.
  • Continuously improve the revenue management process through investigation of new tools, methods, and procedures, and implement changes accordingly.
  • Gather comprehensive knowledge of Top Accounts for the hotel, for our specific markets and new trends.
  • Conduct displacement analysis for groups and long-term business when required, review forecast report to check groups which are tentative and control room availability closed-out dates.
Benefits:

Competitive salary and benefits package

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