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The Revenue Management Intern is responsible for the analysis of revenue, profit and demand associated with hotel rooms and space inventory. Position prepares forecasts, budgets, weekly and daily projections and analyzes the progress of each. The Revenue Management Intern develops and/or uses analytical tools and systems to maximize revenues and profit. Position critiques sales strategy effectiveness and prepares historical and future analysis of revenue and profit opportunities. The position also manage and maintain hotel inventory and revenue management systems.
Job Responsibility:
Provides revenue analysis functional expertise to property leadership and sales leaders
Extracts and analyzes data in order to draw viable/actionable business conclusions
Prepares forecasts of revenue, profit, demand and occupancy for rooms and function space – three-month and six month, long range and budget
Prepares sales strategy critique
Manages all revenue, profit and demand data associated with rooms and function space
Prepares revenue and profit opportunity analysis
Provides recommendations to improve effectiveness of revenue analysis processes
Assist in the preparation of competitive analysis and other supporting documents for presentation at market sales strategy meetings
Perform all Revenue Management month end reporting and auditing and provide forward looking information for the purposes of forecasting, targeting need areas and balancing financial expectations
Accurately generate, process and update revenue management reports and serve as primary source for majority of reporting and analytical needs of the Revenue Management team
Assist in the management of room inventory, rates and restrictions to maximize room revenue
Assist with system maintenance including but not limited to, inputting rate hurdles, monitoring forecasted demand, updating group forecasting and running daily system checks
Assist in the implementation of hotel sales strategy in the reservation and inventory systems
Performs other duties as assigned to meet business needs
Requirements:
College degree or equivalent experience in business, operations research, accounting or similar preferred
Excellent analytical skills
emphasis on market, inventory and pricing analysis
Strong mathematical skills
Strong communication skills (verbal, listening, writing)
Effective decision making skills
Strong organization skills
Ability to multitask and provide accurate work before deadlines
Ability to work in a fast-paced environment
Meticulous in work with an attention to details
Proficient in Microsoft applications and analytical tools
Knowledge of revenue management systems
Ability to interpret market data and apply to sales strategy
Knowledge of group, catering and transient business segments
Ability to develop and implement successful sales strategies
Strong problem-solving skills
Good training/facilitator skills
Ability to develop and maintain relationships e.g., associates, customers, vendors
Strong presentation skills
Understanding of competitive market
Nice to have:
Knowledge of Excel VBA is a plus
What we offer:
Chance to be proud of the work you do and who you work with
Learn and exemplify the Gold Standards, such as our Employee Promise, Credo and our Service Values