REVENUE MANAGER - Wyndham Grand Pittsburgh

Blue Sky Hospitality Solutions•Pittsburgh, PA

About The Position

The Revenue Manager is responsible for maximizing the hotel's revenue and profitability through strategic pricing, forecasting, inventory management, and market analysis. The role develops and implements revenue management strategies to optimize occupancy, average daily rate (ADR), and RevPAR while keeping the hotel competitive within its market. The Revenue Manager works closely with the General Manager, Sales, Front Office, and other departments to identify revenue opportunities, analyze business trends, and achieve the hotel's financial objectives. The role oversees pricing, inventory, forecasting, performance reporting, and distribution channels. It monitors market conditions, competitor activity, local events, and booking trends, and communicates revenue recommendations and results to hotel leadership. Performance is evaluated against revenue growth, budget, RevPAR, ADR, occupancy, forecast accuracy, market share, distribution performance, and pricing and inventory effectiveness.

Requirements

Strong understanding of hotel financial performance metrics, including ADR, RevPAR, occupancy, and market share.
Experience with hotel property management systems and revenue management systems.
Knowledge of online distribution channels, OTA platforms, and GDS systems.
Strong analytical, forecasting, and problem-solving skills.
Proficiency in Microsoft Excel and other reporting tools.
Excellent communication and presentation skills.
Ability to work independently while collaborating effectively with hotel leadership and operational departments.
Strong organizational skills and attention to detail.

Nice To Haves

Bachelor's degree in Hospitality Management, Business Administration, Finance, or a related field.
A minimum of 2–3 years of hotel revenue management experience.

Responsibilities

Develop and implement revenue management strategies to maximize room revenue and overall hotel profitability.
Monitor and analyze occupancy, ADR, RevPAR, booking pace, and market demand to identify opportunities and trends.
Manage room rates, inventory, restrictions, and availability across distribution channels.
Review and adjust pricing strategies based on market conditions, competitor activity, seasonality, and demand forecasts.
Prepare daily, weekly, and monthly revenue reports, forecasts, and performance analyses.
Monitor group room blocks, transient business, and booking patterns to optimize inventory utilization.
Work with the Sales Department to evaluate group opportunities, review displacement analysis, and establish pricing strategies.
Participate in developing the annual budget and ongoing revenue forecasts.
Analyze competitor pricing, market share, and industry trends to identify performance opportunities.
Manage and optimize online distribution channels, including the hotel website, OTAs, and GDS systems.
Monitor booking channels for rate parity, availability, and accuracy.
Identify opportunities to increase direct bookings and reduce third-party distribution costs.
Conduct revenue strategy meetings with hotel leadership and communicate recommendations and performance results.
Review historical data and future booking trends to anticipate demand fluctuations and adjust strategies.
Ensure accurate management of the hotel's PMS, RMS, and related platforms.
Maintain awareness of local events, citywide conventions, competitor activity, and other factors that may affect hotel demand.
Perform other duties as assigned by management.