Revenue Manager

Ramada Plaza by Wyndham Hotel is now seeking a Revenue Manager to join our team.

Job Summary 

The Revenue Manager is responsible for optimizing room revenue for an assigned portfolio of hotels by strategically managing pricing, inventory, and channel distribution. This candidate has the ability to successfully position properties in markets through pricing and yield management, and perform analysis on price positioning, competitive set performance, and strategic planning of rate products. 

Responsibilities
Perform analysis and develop hotel strategies and tactics to optimize revenues. Including but not limited to the following: Historical and future demand analysis Business mix analysis Competitive set analysis Group displacement analysis Price-Value comparison Potential property visit as determined necessary.

Change hotel rates and inventory restrictions, by day, to ensure the property is properly priced in the market. Including but not limited to:
Setting/managing rates by season, rate category and by room type Maintaining channel parity Monitoring competitive pricing and responding accordingly Group displacement analysis Manage inventory restrictions (MLOS)

Conduct regular revenue meetings, via phone, with property leadership. Track and communicate the effectiveness of defined strategies and tactics making recommendations for on-going adjustments: Weekly tracking / status reports End of month reviews 

Education & Experience Experience/Certificates/Education 

Bachelors degree required; focus in Economics, Business, Finance, or Statistics preferred 2-3 years of successful progressive experience in a revenue management, finance, strategy, or hotel operations role Experience using hotel industry or travel industry inventory systems is a plus  

Abilities/Key Competencies/Skills 

Understanding of hotel or travel industry distribution landscape and systems Strong analytical skills and ability to translate and present metrics into actionable proposals Highly proficient in Excel; experience with business intelligence/reporting tools to pull data and reports Above average organizational skills; ability to successfully manage multiple activities in parallel, across various management levels Above average communication skills; ability to confidently and clearly interact remotely with property and brand resources; convey ideas clearly in voice and in writing Ability to analyze and present findings from quantitative data; can assimilate information and data from disparate sources and consider, adjust or modify to meet the constraints of the particular need Must be able to show initiative in job performance, including anticipating what needs to be done before it becomes a necessity Must have a basic understanding of financial terms and P&L statements Must maintain composure and objectivity under pressure