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Join Convene Hospitality Group's dynamic Commercial team as a Revenue Manager and be at the forefront of driving our company's financial success! In this pivotal role, you'll shape revenue and pricing strategies across 18 NYC venues, directly impacting our growth by optimizing inventory, leading high-stakes client negotiations, and maximizing revenue opportunities.
Job Responsibility:
Develop and implement pricing strategies across all the venues in NYC, ensuring alignment with market demand, competitive landscape, and revenue goals
Strategically allocate space and dates to optimize venue inventory, maximizing revenue and ensuring maximum occupancy at the highest possible rates
Proactively partner with the sales team to advance bookings, ensure forecasting accuracy, and identify opportunities within the pipeline to achieve revenue goals
Lead high-stakes client negotiations, approve quotes, and manage concessions to secure bookings that align with revenue goals while preserving value perception
Create accurate forecasts and budgets based on historical data, market trends, and demand projections. Regularly review and adjust as needed to meet revenue targets
Analyze data and reporting to uncover trends, identify risks, and capitalize on opportunities, providing actionable insights to inform decision-making across venues
Lead biweekly revenue optimization calls with stakeholders from sales, marketing, and operations. Present insights, review performance metrics, and collaborate on strategies to mitigate risks and maximize opportunities
Continuously evaluate revenue performance across venues, identifying and implementing strategies to drive growth, optimize yield, and align with broader company objectives
Requirements:
5+ years of experience in revenue management, pricing strategy, or a related field, ideally within the hospitality or events industry
Proven expertise in revenue and pricing strategy development, inventory management, and client negotiations
Strong decision-making and strategic problem-solving skills, with the ability to adapt quickly to real-time data and trends
Excellent communication and interpersonal skills, with experience presenting insights and leading discussions with senior leadership and cross-functional teams
Demonstrated ability to prioritize multiple tasks, meet deadlines, and deliver results in a dynamic, fast-paced environment
Advanced proficiency in Excel, including Pivot Tables, power query, VBA, and advanced formulas
Strong knowledge of SQL for data querying and manipulation
Bachelor’s degree in Finance, Business, Hospitality, or a related field, or equivalent work experience
Nice to have:
Experience in B2B or corporate meetings and events, or the overall events industry
Experience managing multiple venues or properties, with a strong understanding of inventory management and market demand
Familiarity with revenue management systems and tools for pricing and inventory control, such as Salesforce
What we offer:
Day-one health coverage for you and your family
24/7 virtual care
Emotional well-being support
Fertility & family planning benefits
Generous PTO
Birthday off
Paid parental leave
Year-end holiday closure
401K with company match
Support for education, courses, and certifications