Area Director of Revenue Management

Hersha Hospitality Management LP•Washington, DC

9d•Remote

About The Position

Overview Opportunity: Area Director of Revenue Management Develop room sales and distribution strategies and coordinate revenue management processes and procedures maximizing revenue for a group of hotels. Your Growth Path Regional Director of Revenue Management – Vice President of Revenue Management Your Focuses Control room rates and availability in accordance with established guidelines to maximize occupancy and revenues. Develop, communicate and implement sales strategies, mix of business, channel management, pricing strategies, as well as reservations systems and related policies Prepare for and conduct weekly Revenue Management meetings involving rate and inventory strategies, transient/group pace, competitive business analysis and financial forecasts. Initiate short and long term revenue forecasts and generate weekly and monthly critiques, identifying areas of opportunity and strategies to improve revenue and overall profitability Measure and analyze booking trends, pickup, no shows, and sources of business Manage, produce and monitor rate strategy tiers, booking pace by Market Segment, GDS, inventory and monthly results Work with the different departments to ensure similar goals, and implement action plans to achieve optimum revenue management Establish and maintain meaningful external and internal relationships Interview, select, train, schedule, coach and support associates, ensuring they perform in accordance with established brand or hotel standards and consistent with HHM core values. Practice safe work habits, wear protective safety equipment and follow MSDS and OSHA standards. Perform other duties as requested by management.

Requirements

College Degree Preferred.
At least 2 years of experience in the Revenue Management discipline.
Marriott experience is required.
DMV market experience is required.

Responsibilities

Control room rates and availability in accordance with established guidelines to maximize occupancy and revenues.
Develop, communicate and implement sales strategies, mix of business, channel management, pricing strategies, as well as reservations systems and related policies
Prepare for and conduct weekly Revenue Management meetings involving rate and inventory strategies, transient/group pace, competitive business analysis and financial forecasts.
Initiate short and long term revenue forecasts and generate weekly and monthly critiques, identifying areas of opportunity and strategies to improve revenue and overall profitability
Measure and analyze booking trends, pickup, no shows, and sources of business
Manage, produce and monitor rate strategy tiers, booking pace by Market Segment, GDS, inventory and monthly results
Work with the different departments to ensure similar goals, and implement action plans to achieve optimum revenue management
Establish and maintain meaningful external and internal relationships
Interview, select, train, schedule, coach and support associates, ensuring they perform in accordance with established brand or hotel standards and consistent with HHM core values.
Practice safe work habits, wear protective safety equipment and follow MSDS and OSHA standards.
Perform other duties as requested by management.