Revenue Manager

Hersha Hospitality Management LP•New York, NY

3d•Onsite

About The Position

Maximize room revenue and yield penetration through proper management of room inventories and using analytics and technical knowledge of hotel reservations and front office systems. Your Growth Path Area Director – Regional Director – VP 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. 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. Communicate with hotel functional leaders to establish a collaborative approach to revenue management. Establish and maintain meaningful external and internal relationships Practice safe work habits. Perform other duties as requested by management.

Requirements

College Degree in related discipline and/or prior revenue management experience.

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.
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.
Communicate with hotel functional leaders to establish a collaborative approach to revenue management.
Establish and maintain meaningful external and internal relationships
Practice safe work habits.
Perform other duties as requested by management.