Director of Revenue Management
Director of Revenue Management
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Salary Not Disclosed
1 Vacancy
Job Description
The Director of Revenue Management is responsible for participating in the hotels Commercial Strategy and in determining strategic vision. The DRM establishes goals and implements tactical efforts with the goal of promoting revenue growth generation among key customer segments rooms F&B outlets and supporting the hotels brand positioning and image. The role is responsible for data quality and analysis providing gathered intelligence and recommending revenue and ecommerce strategies as well as other corporate and ownership entities. In addition the role ensures that inventory allocation and pricing parameters are positioned to support the overall revenue goals of the hotel while assisting all stakeholders in maximizing profit.
What You Will Be Doing:
- Leads strategic planning and collaborates with all hotel profit generation teams to actively seek opportunities to drive incremental profit for Rooms Restaurants Spas and other revenue streams.
- Effectively communicates a compelling Total Hotel Profit Optimization vision to all relevant property leaders fosters Revenue Management Culture within the revenue generating departments of the hotel and teaches RM concepts within the hotel.
- Leverages Revenue Management analytics technologies processes tools and training programs to optimize hotel profits.
- Creates short and longterm forecasts that yield the best decisions on pricing and yielding tactics
- Participates in the annual budget process and produces long term projections as required.
- Actively participates in ownership conversations and presentations.
- Monitors relevant economic market and competitive set indicators to derive insightled profit generation strategies.
- Chairs and prepares materials for the weekly Revenue Management Meetings following Brand guidelines.
- Maximizes room revenue contribution through a thorough understanding of all booking channels and management of inventory and rate therein.
- Optimizes pricing promotions and availability strategies through definition and management of all rates rate levels stay restrictions and other tactics which are congruent with demand factors to target the most profitable customer segments to maximize profits.
- Directs and manages all channel distribution strategies. Evaluates new business opportunities related to booking channels.
- Collaborate with the Marketing team to execute measure evaluate and improve digital marketing efforts to support the hotel strategic marketing plans working within the established budgets.
- Together with the Marketing team manages performance reviews with OTA/CTO partners keeping uptodate on each partners distribution options and extranet maintenance to ensure optimal display of the hotel. Evaluates extranet enhancements.
- Responsible for data quality and system hygiene following Accor standards recommendations and procedures.
- Oversees content management in all electronic channels liaises with hotel Marketing team to ensure regular updates of images and descriptions of hotel room brands outlets and services are completed.
- Oversees relationship with GRC and Distribution services teams.
- Maintains relationships with local market competitors to keep informed of trends and news.
- Motivate lead coach and manage all aspects of team members performance towards achieving exceptional guest service and employee satisfaction results.
- Assists Director of Sales & Marketing in identifying soft periods and developing promotions and strategies
- Other duties as assigned
Qualifications :
Your Skills and Qualifications:
- Bachelor degree in Hotel Management Accounting Finance or Mathematics is preferred.
- Minimum 2 years of Revenue Management experience. Demonstrated record of high performance and success in previous roles.
- Expert understanding of the hotel tech and distribution landscapes including indepth knowledge of all hotel channels connectivity revenue management systems and CRS/PMS functionality
- Proven experience successfully working with and presenting to ownership groups
- Strong communication skills both verbal and written
- Strong analytical skills and attention to detail; can gather interpret and leverage data for strategic decisionmaking. Must be organized
- Maintain confidentiality of proprietary information and protect company assets
Additional Information :
What Is In It For You:
Competitive salary
Flexible PTO and Benefit plans
Generous 401k options
Employee rates at Luxe Accor properties in North and Central America
Learning programs through our Academies
Opportunity to develop your talent and grow within our property and across the world!
Ability to make a difference through our Corporate Social Responsibility and Employee Wellbeing initiatives
Our Commitment to Diversity & Inclusion
Fairmont Pittsburgh is an equal opportunity employer. We are an inclusive company and our ambition is to attract recruit and promote diverse talent.
Why work for Accor
We are far more than a worldwide leader. We welcome you as you are and you can find a job and brand that matches your personality. We support you to grow and learn every day making sure that work brings purpose to your life so that during your journey with us you can continue to explore Accors limitless possibilities.
By joining Accor every chapter of your story is yours to write and together we can imagine tomorrows hospitality. Discover the life that awaits you at Accor visit what you love care for the world dare to challenge the status quo! #BELIMITLESS
All your information will be kept confidential according to EEO guidelines.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
