Regional Director of Revenue Management Job Description Template
Our company is looking for a Regional Director of Revenue Management to join our team.
Responsibilities:
- Identify and interpret market demand;
- Monitor and analyze competitive rates and positioning;
- Month to month, quarterly and yearly forecasting;
- Complete annual hotel room revenue budgets and RevPar index goals;
- Develop action plans to counteract any market changes;
- Optimize distribution channels for maximum benefit of penetration;
- Develop, implement, monitor and control rate strategies and plans;
- STAR report analysis;
- Coordinate various activities to further enhance revenue potential;
- Analyze competitive hotel information and strategies;
- Maximize overall hotel revenue through effective transient/group inventory and pricing strategies.
Requirements:
- Strong analytical skills;
- Prepare weekly and monthly forecasts for multiple properties;
- Work with the hotels to ensure coding, tracking and reporting is performed correctly;
- Ability to supply analysis on effectiveness of long and short-range decisions effecting Rooms Revenue metrics;
- Such other similar or related duties as may be assigned;
- Assist in developing the hotel managers so that they become proficient with revenue management within the short-term booking windows;
- Previous experience with hotel property management systems and Central Reservations systems. Specifically, Windsurfer;
- Review unconstrained demand and provide pricing recommendations for the optimal mix and segmentation of the business;
- Must be able to obtain and maintain necessary licenses / permits;
- Ensure distribution channels have accurate content and pricing parity is maintained;
- Must be based in King of Prussia, PA;
- Daily room inventory management;
- Analyze local events and project their impact across multiple properties;
- Monitor hotel and competitor rates, availability, strategies, and seasonality and adjust pricing accordingly;
- Excellent organization and planning skills.