Highgate

Revenue Manager

Highgate

full-time

Posted on:

Origin:  • 🇺🇸 United States • New York

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Salary

💰 $95,000 - $110,000 per year

Job Level

JuniorMid-Level

Tech Stack

Flash

About the role

  • Establish hotel pricing levels in all segments and manage daily pricing processes
  • Responsible for the daily room inventory management process
  • Monitor competitor rates, positioning, strategies and local market dynamics and present action plans
  • Monitor and communicate occupancy fluctuations to operational departments to manage staffing and efficiency
  • Analyze local events and activities and project their revenue impact
  • Understand macro and micro-economic variables affecting supply and demand and create accurate room revenue forecasts
  • Perform unconstrained demand analysis to determine optimal business mix
  • Prepare all short and long term forecasts including Weekly, 30/60/90, In-month, and Full year forecasts
  • Oversee evaluation of contracted business (group, wholesale, corporate negotiated) and enable high-speed response while maximizing profits
  • Maintain and manage software programs contributing to rooms revenue management (CRS, RMS, PMS, Sales & Catering)
  • Monitor RevPAR index on STR report and provide weekly and monthly performance analysis
  • Prepare annual Rooms revenue budget and present quarterly presentations to ownership
  • Chair weekly Revenue Strategy meetings to formulate and disseminate strategies and tactics
  • Ensure distribution channels have correct content and pricing and maintain relationships with Third Party Intermediaries
  • Develop relationships with market revenue managers and Directors of Revenue and coordinate market/network activities
  • Coordinate survey activities involving marketing and service opportunities to enhance revenue potential
  • Actively develop subordinates through training, mentoring, and industry event participation
  • Manage Internet Marketing such as pay per click campaigns, e-mail blasts, GDS advertising
  • Establish and communicate sales strategy for day, week, month and rolling 12 months and update calendars for sales team
  • Analyze prior night successes, overselling decisions and address opportunities in HHBR morning meeting
  • Place test calls to Central Reservation Office and property to ensure rate accuracy and selling approach
  • Manage and communicate group cut off dates, run group rooms control log (GRC), and verify pick up reports
  • Update the Daily Market Segment Analysis (DMSA) and ensure accuracy from the daily Flash Report
  • Complete all required month end reports with detailed analysis and create action plans as necessary
  • Review Hotelligence reports for trends, booking windows, sources of business and competitor rate comparisons

Requirements

  • At least 2 years experience in the Revenue Management field as manager or senior analyst
  • Bachelor’s degree or equivalent in Hotel or Hospitality Management or closely related field
  • In-Depth knowledge of all industry reports such as STR, Hotelligence, Market Vision, etc.
  • Proficient in Microsoft Excel, Word, Power Point
  • Experience with CRS, RMS, PMS and Sales & Catering systems
  • Ability to work quickly in a high-pressure & high stress environment
  • Ability to communicate clearly both verbally and in writing
  • Excellent time management skills
  • Exceptional with details and follow up
  • Flexible and long hours sometimes required
  • Maintain a warm and friendly demeanor at all times
  • Effective verbal and written communication with all levels of employees and guests
  • Effective listening, understanding, and clarifying concerns
  • Ability to multitask and prioritize departmental functions to meet deadlines
  • Attend all hotel required meetings and trainings and participate in M.O.D. coverage as required
  • Maintain regular attendance and high standards of personal appearance and grooming
  • Comply with Highgate Hotel Standards and regulations
  • Ability to handle problems: anticipate, prevent, identify and solve as necessary
  • Ability to understand and evaluate complex information and data from various sources
  • Ability to maintain confidentiality of information
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