Revenue Management Vice President

About the position

The Vice President of Revenue Management oversees the property’s revenue management and distribution strategies and manages the day-to-day yield optimization for the hotel. This role is responsible for best practice standards including competitor analysis, environmental scanning, market modeling, distribution yield management, business mix yield management, length of stay yield management, inventory availability by channel, pricing control, and new pricing concepts. The Vice President ensures all related systems are configured correctly, validated, and working to full capacity, and maintains the website booking process to be up-to-date and functional. This role also manages strategy for all 3rd party distribution and ensures that all room statistics reports, including financial statements, are accurate and consistent. Additionally, the Vice President collaborates with the property Sales Team to assess, analyze, and price group business strategies, analyzes overall monthly hotel performance, provides recommendations to improve strategies, creates and maintains the annual hotel budget, and is responsible for the rooms forecast.

Responsibilities

• Oversee the property’s revenue management and distribution strategies.
• Manage day-to-day yield optimization for the hotel.
• Ensure all related systems are configured correctly and working to full capacity.
• Maintain the website booking process to be up-to-date and functional.
• Manage strategy for all 3rd party distribution.
• Ensure accuracy and consistency of room statistics reports and financial statements.
• Collaborate with the property Sales Team to assess and price group business strategies.
• Analyze overall monthly hotel performance and provide recommendations.
• Create and maintain the annual hotel budget.
• Be responsible for the rooms forecast.
• Perform other duties and projects as requested.

Requirements

• Advanced proficiency utilizing LMS and channel management systems.
• Experience integrating OTA bookings; casino systems experience is a plus.
• Demonstrated experience developing department goals and action plans.
• Ability to communicate effectively with all levels of leadership.
• Intermediate to advanced proficiency with Microsoft Excel, Word, and PowerPoint.
• Experience in statistical analysis and exceptional critical thinking skills.
• Ability to master new concepts, technologies, and industry trends quickly.
• Experience demonstrating discretion and confidentiality.
• Ability to make hiring decisions and design individual development plans.

Nice-to-haves

• Experience in the casino or hospitality industry.
• Leadership experience of 5 years or more.
• Bachelor’s degree in business administration, Hospitality Management, Analytics or related field.