Full Service Revenue Manager

2 weeks ago


Newton, United States Sonesta Hotels Full time

Description

Key Job FunctionsAnalyze short- and long-term forecasting.Analyze trends in inventory to include occupancy, rates, product line and strategic sales goals.Prepare revenue management reports and information for Owners, Corporate Office, General Managers, and all related meetings. Critical Analysis of Strategies, Room Statistics & Demand:Review end of month room statistics reports from the hotel’s PMS and RMS systems and provide critical analysis on performance vs. forecasts and result of implemented strategies (“month-end critique.”)Conduct displacement analysis of group business, as needed, to determine impact potential business will have on RevPAR.Complete weekly booking pace reports and analysis on pace, recommending strategy changes when needed.Analyze past and present trends and make recommendations for future strategies. Management & Maintenance of Group & Transient Inventory Controls:Daily review and implementation of transient rate strategy via RMS and CRS systems.Review all tentative and definite group bookings, to ensure that they support implemented strategies.Ensure group inventory and cut-off dates are managed according to demand.Maintain accurate demand information in the RMS and PMS systems.Work with General Manager and Operations Manager on oversell levels. Develop, monitor and adjust sales and pricing strategies:Conduct weekly sales strategy meetings where the appropriate booking period is evaluated for the proper rate and availability control.Review weekly and monthly sales data for the 365-day window, to include: group rate, extended stay rates, transient demand and forecasted updates.Develop annual transient pricing. Ensure pricing is consistent in all distribution channels (CRS, GDS, OTA). Forecasting:Prepare all weekly, monthly, three month and annual forecasts, using the hotel’s applicable PMS, sales, and forecasting systems. Competitive & Demand Analysis:Review all competitive shops on a consistent basis (at least once a week) and identify selling strategies and market trends.Review demand calendars, convention calendars and city event calendars to keep abreast of all demand generators.Site competitive set and network competitive set Revenue Manager.Produce and maintain twice a year the value assessment for your competitive set.Maintain historical data on events and performance on any promotions during demand-generating events.

Additional Job Information/Anticipated

Pay Range

$85,000 to $110,000. Base pay offer may vary depending on various factors, including but not limited to job related knowledge, skills and job specific/overall experience

Benefits

Sonesta recognizes that benefits play a vital role in helping ensure the health and financial security of employees and their families. We offer a variety of benefits to our employees including:

Medical, Dental and Vision Insurance Health Savings Account with Company Match 401(k) Retirement Plan with Company Match Paid Vacation and Sick Days Sonesta Hotel Discounts Educational Assistance Paid Parental Leave Company Paid Life Insurance Company Paid Short Term and Long Term Disability Insurance Various Employee Perks and Discounts Hospital Indemnity Critical Illness Insurance Accident Insurance

Upon submitting your application, please ensure you complete a full application in addition to attaching a resume. Incomplete applications received will not be considered. 


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