Revenue Manager
About the role
This opportunity is with an independently owned and operated hotel managed by a franchisee under a major international hospitality brand. The franchisee operates as a separate employer, managing all employment policies and hotel operations independently. The organization functions within the hospitality industry, focusing on delivering guest services and financial performance across its portfolio of hotels. The REVENUE MANAGER role is responsible for optimizing room inventory and pricing strategies across multiple hotels to balance demand and availability effectively. This position plays a critical role in driving financial profitability and supporting the ongoing success of the hotel portfolio by leveraging data analysis, market intelligence, and strategic revenue management.
Responsibilities
- Maintain vendor relationships
- Ensure data cleanliness
- Develop long-term rate strategies for the hotel portfolio
- Communicate strategy changes with General Managers and Directors of Marketing
- Evaluate sales leads and set negotiated rates with displacement analysis
- Conduct regional calls
- Complete ad hoc reporting requests
- Manage extended stay and nightly inventory controls including room accommodations, rate controls, sell limits, group inventory, and blackout dates
- Implement and manage rate and inventory controls according to policies
- Coordinate yield management and manage property management systems daily
- Monitor competitor pricing and local market dynamics
- Monitor travel websites to ensure competitive availability and pricing
- Conduct competitor price and product analyses
- Implement and adjust sales and pricing strategies
- Support revenue management strategies with complex ad-hoc analyses and advanced analytics
- Manage rates and minimum stays across distribution channels
- Review and analyze weekly and monthly industry reports
- Analyze strategies, room statistics, and demand factors
- Communicate effectively with co-workers and the public
- Maintain attention to detail and strong organizational skills
- Prioritize work efficiently with strong time management
- Utilize Microsoft Excel and other Office skills proficiently
- Manage hotel inventory distribution strategy and maintain rate parity
- Analyze marketing effectiveness across electronic channels
- Assist in creating and maintaining promotional campaigns
- Track customer trends and communicate with sales teams
- Perform other duties as assigned
Requirements
- Bachelor’s degree in Business or related field preferred
- 1-2 years of multi-property revenue management experience
- Experience in hotel revenue management
- Strong analytical skills and understanding of travel industry distribution systems
- Excellent verbal and interpersonal communication skills
- Ability to present ideas clearly in written and verbal formats
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Paid time off for full-time employees
- Employer-paid short-term disability
- Voluntary long-term disability
- Health Savings Account (HSA)
- Employee Assistance Program