Hotel Director of Portfolio Revenue Management
New Day Executive Search
Director, Portfolio Revenue Management
As the Director, Portfolio Revenue Management you will apply your analytical and strategic planning strengths to successfully balance inventory and demand for all hotel revenue streams to maximize total hotel profit opportunities and guest satisfaction for the hotels assigned to you.
Essential Functions and Responsibilities:
- Responsible for driving total hotel profit optimization using a rational, disciplined decision-making process, while managing risk under current and anticipated market conditions.
- Lead strategic planning and collaborate with all hotel profit generation teams to actively seek opportunities to drive incremental profit for Rooms, Restaurants, Spas, and other revenue streams.
- Conduct weekly strategy meetings for assigned properties; discuss trends and sales tactics, review results from the previous meetings and determine action plans to maximize RevPAR for upcoming events and future dates.
- Assist the sales teams with pricing of groups and business transient accounts; conduct displacement analysis as needed to determine profitability.
- Effectively communicate a compelling Total Hotel Profit Optimization vision to all relevant property leaders.
Requirements Qualifications:
- Minimum 5 years Hotel Revenue Management experience of which at least 3 years was as a revenue manager in a multi-unit or resort hotel environment. Proven experience with total hotel profit optimization concepts, strategies, and processes.
- University degree preferably in economics, business, or hospitality management.
- In depth knowledge in the use of automated systems including but not limited to RMS, PMS, CRS, Channel Management Tools, Extranets, as well as Microsoft Office suite is required.
- Ability to demonstrate strategic thinking, long-range planning and strong analytical skills are required.
- Ability to work independently and demonstrate strong initiative skills.
- Strong communication skills with a demonstrated ability to represent ideas succinctly and convincingly in discussion forums, written documents, or one on one conversations.
- Superior organization skills required, with the ability to manage multiple priorities under time constraints.
- Proven ability to work cohesively as part of a team in a multi-cultural, diverse environment, strong interpersonal and team building skills are required.
- Must be a caring leader that builds trust and engagement by cultivating genuine relationships with open communication, empathy, and tolerance.
- Must work well in stressful high-pressure situations, make decisions and maintain composure and objectivity under pressure.
- Must be able to communicate effectively in the spoken word of English language, both verbally and in writing.
- Flexible to work nights and weekends when necessary, based on business and staffing needs.
- Must have valid driver's license.
- Must have ability to travel when needed for property visits, training conferences, sales meetings, etc.
What We Offer:
- Competitive compensation: Base pay, performance-based bonuses (paid quarterly), and PTO benefits after 90 days.
- Relocation Assistance: We understand moving cities is a large undertaking, and we will help facilitate a smooth transition.
- Health and wellness: Comprehensive health insurance, including medical, dental, and vision.
- Financial planning: 401K plan with a 50% match on your first 6% investment, plus Roth options.
- Home loan program: Zero-interest housing loan program to help you achieve homeownership.
- Family time: 4 weeks of PTO for maternity/paternity leave.
Vacancy posted 2 days ago
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