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The Director of Revenue Management is responsible for the interpretation of business analytics into tactical strategy. This role involves developing and implementing pricing strategies, managing inventory, and analyzing market trends to maximize revenue growth and profitability. The Director of Revenue Management works closely with the Commercial Director to implement and consistently execute optimal revenue strategy, enabling key strategic and operational decisions for the hotel. The Director of Revenue Management will oversee the Reservation department and exhibit a special talent for building, leading, coaching, training, and developing a strong team; ensuring our employees feel at home and receive the highest levels of support and care along with creating a great workplace for all great people to deliver great experiences.
Job Responsibility:
Responsible for leading Reservation and Revenue Management department
Strategic thinker who plans initiatives in advance of booking window for each revenue generating area
Business owner of all Revenue Management systems and tools, including, but not limited to, RMS, PMS, BI tools, Benchmarking tools
Effectively manage inventory, pricing, rate parity, and positioning in all distribution channels, including Branded Web, 3rd Party Sites, Worldwide Reservation Office (WRO), and Global Distribution System (GDS)
Interpret business analytics into meaningful action to improve performance
Lead optimal pricing strategy analysis and recommendations for all room classes and market segments
Track and analyze the monthly Commercial Scorecard with strong focus on improving all KPI areas
Assist with group evaluations, providing education on pricing and best practices for the Sales Team
Monitors and identifies current and future business trends to ensure profitability in periods of low and high demand
Controls rooms and rate availability in accordance with established guidelines to maximize occupancy and revenue
Ownership of OTA Market Manager relationship
Create and submit hotel forecasts leveraging revenue management system
Monitor accuracy on regular basis
Lead weekly Revenue Strategy meetings separate from Forecast Meetings
Build consensus within Commercial team to move new initiatives forward
Assist Commercial and Finance leadership in annual budget, marketing plan and sales goal preparation
Close collaboration with PR & Communication, Commercial and Reservation team, focusing on the promotional campaigns communications, published offers deployment
Regular involvement in upsell program for the Front office, updating the supplement based on the anticipated demand
Establishes and/or manages the following: Published, Package and Negotiated Rate Strategy Tiers, Segment Ceilings based on historical and current demand, incentive plans/program for Reservations agents
Requirements:
Bachelor’s degree in Business Administration, Finance, Marketing, or a related field (Master’s degree preferred)
5+ years’ experience in Revenue Management
Proven track record of driving revenue growth and achieving financial targets
Strategic thinker with strong analytical skills
Excellent communication and interpersonal skills
Ability to work collaboratively in a fast-paced, dynamic environment
High energy level, exceptional people skills and enthusiastic for the global hospitality business
Proficiency in English language, additional language is a plus
Expert system experience – RMS, PMS, Benchmarking and BI Tools
Nice to have:
Working knowledge of Sales & Catering system is a plus
What we offer:
Competitive Salary, wages, and a comprehensive benefits package
Excellent Training and Development opportunities
Employee Discount for stays at any Four Seasons worldwide