Revenue Manager

Lore Group•Washington, DC

8d•$68,000 - $70,000•Onsite

About The Position

Riggs Washington DC is a hotel in downtown Penn Quarter, located in a historic building that once housed Riggs National Bank. The hotel has 181 guest rooms, Café Riggs, and Silver Lyan. The Revenue Manager analyzes hotel and market data, forecasts demand, manages revenue and operational systems, monitors performance, researches competitors, optimizes room inventory, collaborates with hotel teams, and reports insights and recommendations to senior management. The role also participates in weekly sales and revenue management meetings and oversees the revenue analyst when necessary. The salary range is $68,000–$70,000.

Responsibilities

Analyze historical data, market trends, and competitive intelligence to forecast demand and identify revenue opportunities.
Use data to create a rolling forecast.
Manage and maintain the revenue management system (RMS) and property management system (PMS), ensuring accurate data entry and system functionality.
Ensure rates are correctly loaded into the PMS and accurately complete rate loading and mapping in Sabre, including rate plans, restrictions, and channel configurations.
Track KPIs such as RevPAR, ADR, and occupancy rates, and provide regular reports to management.
Research industry trends, competitor strategies, and economic factors that may affect hotel performance.
Review competitor-set rates on brand websites and analyze competitor pricing, positioning, and promotions to identify market opportunities and threats.
Optimize room inventory and allocation across market segments.
Work with sales, marketing, reservations, and front office teams to align pricing strategies with hotel objectives.
Prepare daily, weekly, and monthly revenue reports for senior management, highlighting insights and recommendations.
Participate in weekly sales and revenue management meetings.
Oversee the revenue analyst when necessary.

Benefits

Medical, dental, and vision insurance for full-time employees
Six complimentary nights each year at any Lore Group hotel
Lore Group employee and immediate family rates
Lore Group friends and family rates
50% employee discount and 25% friends and family discount at more than 800 partner hotels through Lore Discovery
50% discount at Lore Group restaurants and bars
Paid vacation days, with entitlement increasing annually
Nine paid holidays annually
Seven paid sick days annually, as established in Washington, D.C.
Company-paid life insurance equal to 1.5 times annual salary
Employee Assistance Program
Referral incentives
401(k) with a 5% match
Training and development programs
Additional perks through Cigna
Complimentary employee meals, lunch and dinner daily
Employee recognition programs