Revenue Management Specialist
2 weeks ago
We are seeking a detail-oriented and motivated Revenue Analyst to join our dynamic team at Davidson Hospitality Group.
Key Responsibilities:- Assist in analyzing historical and current market data to identify revenue trends, demand patterns, and market segments.
- Compile and prepare reports on revenue performance, market conditions, and competitor analysis.
- Support the monitoring and evaluation of key performance indicators (KPIs) such as occupancy, average daily rate (ADR), and revenue per available room (RevPAR).
- Collaborate with the revenue management team to assist in setting pricing strategies for different market segments, seasons, and events.
- Conduct basic competitor analysis to ensure the hotel's pricing remains competitive and aligned with market trends.
- Help in implementing pricing adjustments and discounts based on demand fluctuations, occupancy levels, and market conditions.
- Contribute to the development of revenue forecasts and budget projections based on historical data, market trends, and upcoming events.
- Provide support in preparing revenue budgets and contribute ideas for revenue optimization opportunities.
- Assist in monitoring actual revenue performance against forecasts and identifying any significant deviations.
- Assist in monitoring and optimizing distribution channels, including online travel agencies (OTAs), global distribution systems (GDS), and direct bookings.
- Learn to evaluate channel performance, commission structures, and promotional activities to maximize revenue and profitability.
- Support efforts to increase direct bookings and contribute to strategies to enhance direct revenue channels.
- Conduct voice and online rate shops to ensure rate parity.
- Gain familiarity with revenue management systems, property management systems (PMS), and data analysis tools used in the industry.
- Learn to utilize technology platforms to support revenue analysis and decision-making processes.
- Stay updated with industry trends and advancements in revenue management technologies.
- Proficiency in Microsoft Excel or similar data analysis tools.
- Strong analytical skills with the ability to interpret data and generate insights.
- Basic knowledge of revenue management principles, pricing strategies, and distribution channels (experience or coursework is a plus).
- Excellent attention to detail and organizational skills.
- Strong communication skills to effectively collaborate with team members.
- Ability to learn quickly, adapt to new systems, and work in a fast-paced environment.
Davidson Hospitality Group is an award-winning, full-service hospitality management company overseeing hotels, restaurants, dining, and entertainment venues across the US. A trusted partner and preferred operator for Hilton, Hyatt, Kimpton, Marriott, and Margaritaville, Davidson offers a unique entrepreneurial management style and owners' mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company.
In keeping with the company's heritage of delivering value to its owners and team members, Davidson offers a rich benefit program with a variety of benefits designed to enrich the lives and well-being of our team members and their families.
- Multiple Tiers of Medical Coverage
- Dental & Vision Coverage
- 24/7 Teledoc service
- Free Maintenance Medications
- Pet Insurance
- Hotel Discounts
- Tuition Reimbursement
- Paid Time Off (vacation, sick, bereavement, and Holidays)
- 401K Match
Working at Davidson is like nowhere else. It's less of a job, more of a calling. It's part career, part revolution. Because whatever you do here, you play a part in helping redefine the way quality hospitality is delivered to our guests, our clients, our partners, and each other.
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