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Ram Hotel Management, Llc

Revenue Manager

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What they do

A Revenue Manager manages revenue flows for an organization. Prepares financial statements and business activity and forecasting reports; supervises accounting and preparation of financial reports; advises management with regard to finance decisions.

$140,986 / year median in Georgia

+11% projected growth

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Job Description

Job Duties and Responsibilities Develop and implement pricing strategies, including building rates for rooms and packages and determining discounts and specialty rates; coordinate with the Marketing/Sales team for optimizing opportunities for incremental revenue and market share growth. Evaluate trends in the economy and hospitality industry; creating promotional plans to increase revenue; understanding inventory management processes Drive Market Share and Revenue Performance through proper pricing, inventory controls and mix management; closely monitor competitive pricing and understand impact f relative pricing decisions on property performance Develop overall pricing strategy to include all market segments and distribution channels; provide guidance on corporate transient negotiated account pricing; provide guidance o group availability and pricing; effectively manage inventory and pricing strategy on all distribution channels including Branded Web, and OTAs Ensure Group Sell Guidelines and Target Rates are updated on a regular basis; ensure effective pricing strategies are in place to reflect asset strength relative to the competition and specific market conditions Work with DOR and Sales Managers to conduct regular rice elasticity tests (price testing) in various market conditions, measures results, and share key learnings; review and analyze STR data on a weekly and monthly basis with Hotel Teams; identify and implement strategies for future demand scenarios; compile Weekly Analysis Reports to analyze key drivers of market share performance and understand overall effectiveness of strategies Pro-actively identify and analyze business opportunities from a net profit standpoint and make the appropriate business decisions; pro-actively identify and analyze peak days and shoulder days taken into consideration past performance, as well as new industry trends Effectively communicate the current selling strategies and necessary updates to impacted departments to include but not limited to Sales & Catering Departments, General Managers, and Operations Team Perform other tasks as necessary or required Skills and Physical Requirements Ability to work in a fast-paced environment Ability to maintain privacy and confidentiality Must have attention to detail and organization skills Must be able to travel to represent the company: 10% Must have the physical ability to stand, sit, stand, and walk for long periods of time Excellent written and oral communication skills Essential Skills Ability to express compassion while remaining composed; ability to remain calm and focused while working under pressure Ensure that you are always a positive representation of the property; embrace and respect diversity and multi-cultural environments Professional Experience 2-3 years' experience in revenue management, preferably in hospitality with multiple properties Ensure that you are always a positive representation of the company; embrace and respect diversity and multi-cultural environments Join us as a Revenue Manager to shape our growth trajectory by leading innovative sales initiatives, building strategic client partnerships, and inspiring your team toward excellence!
Pay:
$80,000.00 - $90,000.00 per year
Benefits:
401(k) Dental insurance Employee discount Health insurance Life insurance Paid time off Vision insurance Application Question(s): Marriott One Yield Certification?
Experience:
Revenue management: 3 years (Required)
Work Location:
Hybrid remote in Columbus, GA 31901