Director of Revenue
W3Global · Charlottesville, VA · 1 mo ago
FinanceFull-time
About the role
The Director of Revenue is responsible for maximizing resort revenue through strategic revenue management, distribution strategy, and effective oversight of the Guest Experience/Reservation Sales department. This position leads day-to-day revenue and yield operations while ensuring revenue management systems and processes are effectively utilized to drive occupancy, revenue, conversion, and guest satisfaction.
Responsibilities
- Oversee the resort's revenue management and distribution strategy and manage day-to-day yield operations.
- Conduct daily pickup analysis and make strategy adjustments based on current performance and market conditions.
- Analyze occupancy, revenue, booking pace, and other key performance indicators to identify trends and opportunities.
- Conduct competitive benchmark studies and monitor relevant market trends.
- Create and maintain a 12-month rolling demand calendar.
- Partner with resort leadership to align revenue strategies with overall business objectives.
- Create, implement, and adjust pricing strategies to maximize revenue opportunities.
- Analyze STAR reports and other industry and internal performance reports.
- Prepare and communicate a weekly dynamic forecast, including expected results, variances, and comparisons to budget.
- Run daily pace reports and communicate performance, trends, and recommended strategies to the management team.
- Communicate revenue trends and recommendations to the General Manager, Hotel Operations, and Sales & Marketing leadership, particularly regarding pricing, policies, packages, and marketing opportunities.
- Participate as a key member of the resort's Revenue Management team.
Requirements
- Bachelor's degree in Hospitality Management, Business Administration, Finance, Economics, or a related field.
- 3-10 years of progressive hotel or resort revenue management experience.
- Experience in a multi-property, luxury, or resort environment preferred.
- High proficiency in Revenue Management Systems (RMS), Property Management Systems (PMS), and Central Reservation Systems (CRS).
- Experience with Agilysys and NAVIS/IDeaS systems is highly preferred.
- Strong analytical, forecasting, pricing, and yield management skills.
- Ability to communicate revenue strategies and recommendations effectively with senior resort leadership.