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Regional Revenue Manager
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Indus Hospitality Group Corporate
Remote
$72,500 Salary, Full-Time
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Job Description
Position :
Regional Revenue Manager Department :
Sales & Revenue Management Reports to : VP of Hotels The Revenue Manager is responsible for implementing revenue objectives and strategies which encompass all market segments. This position leads their hotel in meetings, analyzing trends in group and transient segments, exceeding budgeted goals, and setting group ceilings, target rates in conjunction with the sales team. Duties will include, but are not limited to:- Oversee the revenue management strategy for your assigned portfolio of hotels
- Drive market share and revenue performance through strategic pricing, inventory control, and business mix management
- Assist assigned hotels in the development of pricing strategies for all market segments
- Assist in the development of displacement analyses for prospective pieces of group business
- Lead assigned portfolio of hotels through the forecasting process
- Collaborate with above property teams to drive revenue for low demand time periods
- Conduct bi-weekly revenue strategy meetings with assigned hotels
- Maintain revenue, rate, and inventory system cleanliness, in compliance with brand standards
- Effectively communicate current selling strategies to hotel level and above property teams
- Consistently monitor competitive set pricing activity daily
- Analyze STR Report and adjust strategy as needed to increase RevPar Index
- Identify and act upon activities to drive RevPAR growth for assigned hotels
- Manage property participation and production on OTAs and other distribution channels
- Monitor all distribution channels to ensure content accuracy, rate parity and pricing integrity
- Audit, on a quarterly basis, all property GDS listings and rate plans to ensure all are accurate
- Aid in the development of the annual transient room's revenue budget
- Generate daily, weekly, monthly Revenue Management reports
- Provide guidance to hotel teams on rate/inventory system operations Specific qualifications for the role include:
- One to three years related experience; Associate degree (A. A.) or equivalent from two-year college or technical school; or equivalent combination of education and experience.
- Hotel software (GRO, N2Pricing, OneYeild V2, RevIQ, BestRev) knowledge is required.
- Strong organizational, time-management and prioritization skills.
- Ability to communicate effectively with the ownership, management and peers.
- Read, write and speak English fluently.