Director of Revenue Management
Job Description
| JOB SUMMARY: |
| The remote role of the Director Revenue Management is to provide direction to property teams to identify develop and implement all potential revenue opportunities for a full service premium branded hotel. This position is a remote position encompassing 25% in the office or one day a week in office if local or one week per month if the candidate is out of state. This role will provide integral support daily to the team for both long-term and short-term goals system reporting and tools and accurate forecasting to maximize the total revenue and profitability for the hotel they support. This role will also be expected to participate and be a key member of the Executive Committee for the hotel as applicable. Exempt associates are expected to work as much of each workday as is necessary to complete their job responsibilities. QUALIFICATIONS: Qualifications:
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JOB RESPONSIBILITIES:
- Collaborate with the General Manager (GM) and Director of Sales (DOS) to set and manage yield controls maximizing revenue across all distribution channels. Work with the front office team to enhance revenue through effective inventory management upselling and sell-out efficiency.
- Partner with Sales and Marketing to develop strategies for negotiating and booking group and catering business. Ensure optimal utilization of meeting space to boost room food and beverage revenue.
- Manage brand and third-party channels including working with OTA market managers on promotions. Analyze ROI on marketing programs to maximize revenue and market exposure.
- Relay and distribute notes from daily weekly and monthly meetings to stakeholders. Facilitate meetings and ensure timely communication of key actions and decisions.
- Utilize Sales & Revenue Management systems for daily operations forecasting and reporting. Analyze revenue reports make yield management decisions update inventory and rate information and perform displacement analysis to support group sales.
- Conduct test calls to verify rate quoting accuracy and selling strategies. Serve as a key contact for system and revenue management questions providing in-person training as needed.
- Prepare and analyze market segmentation production source contribution daily pick-up and pace summary reports. Review STR reports to assess RevPAR Index changes and develop strategies to improve competitive positioning.
- Develop monitor and adjust group pricing strategies and need periods. Engage in annual BT pricing processes and provide data analysis for aligning production trends with revenue goals. Contribute to 30-60-90 day forecasts and annual budgets.
- Participate in monthly financial reviews focused on sales revenue and P&L. Represent the hotel at industry functions and events.
- Manage group cut-off dates and monitor hotel status throughout the day. Adjust inventory controls as necessary and communicate updates to the strategy team.
- Develop and coach a team of Revenue professionals as applicable. Participate in special projects task forces committees and additional responsibilities as assigned.
OVERVIEW COMPANY:
As the global leader in third-party hotel management our growing portfolio represents over 1550 hotels in all 50 states and 22 countries from top international lodging brands to luxury hotels destination resorts and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality.
BENEFITS:
After an initial waiting period those hired into full time positions are eligible for a competitive benefits package that includes the following:
- Now offering Daily Pay ! Ask your Recruiter for more details
- Medical Dental and Vision Coverage
- Short-Term and Long-Term Disability Income
- Term Life and AD&D Insurance
- Paid Time Off
- Employee Assistance Program
- 401k Retirement Plan
Date Posted
08/06/2024
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1
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