Revenue Management Specialist

1 week ago


Newport News, Virginia, United States Davidson Hospitality Full time
Job Summary

We are seeking a detail-oriented and motivated Revenue Management Specialist to join our dynamic team at Davidson Hospitality Group.

Key Responsibilities
  • Data Analysis and Reporting:
    • 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).
  • Pricing Support:
    • 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.
  • Forecasting Assistance:
    • 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.
  • Distribution Channel Management:
    • 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.
  • System and Technology Utilization:
    • 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.
Requirements
  • 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.
Benefits
  • 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.


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