Job Title: Hotel Revenue Manager

Job Summary:
The Hotel Revenue Manager is responsible for maximizing revenue and profit for the hotel by developing and implementing effective pricing and inventory strategies. This role involves analyzing market trends, monitoring competitor pricing, and collaborating with various departments to ensure optimal revenue performance.

Key Responsibilities:

• Revenue Optimization:
• Develop and implement pricing strategies to optimize revenue across all room categories and other revenue streams.
• Monitor market trends, competitor pricing, and demand to adjust strategies accordingly.
• Utilize revenue management systems and tools to analyze data and make informed decisions.
• Inventory Management:
• Manage room inventory to maximize revenue and occupancy.
• Implement overbooking and inventory control strategies to minimize revenue loss.
• Monitor and adjust room allocations based on demand patterns.
• Distribution Channel Management:
• Collaborate with online travel agencies (OTAs), Global Distribution Systems (GDS), and other distribution partners to optimize visibility and revenue.
• Negotiate contracts and agreements with distribution partners to ensure favorable terms for the hotel.
• Forecasting and Reporting:
• Develop and maintain accurate revenue forecasts based on historical data and market trends.
• Generate regular reports for management, highlighting key performance indicators and areas for improvement.
• Collaboration with Departments:
• Work closely with the sales, marketing, and reservations teams to align strategies and achieve overall business goals.
• Provide training and guidance to hotel staff on revenue management principles.
• Data Analysis:
• Conduct thorough analysis of data related to room revenue, booking patterns, and market trends.
• Use data-driven insights to make strategic decisions and recommendations.
• Technology Utilization:
• Stay updated on industry trends and advancements in revenue management technology.
• Evaluate and implement new tools and systems to enhance revenue management processes.

Qualifications and Requirements:

• Bachelor's degree in Hospitality Management, Business, or a related field.
• Proven experience in hotel revenue management or related roles.
• Strong analytical and mathematical skills.
• Familiarity with revenue management software and tools.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.

Job Type: Full-time

Pay: $70,000.00 - $113,469.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• 10 hour shift
• 12 hour shift
• 8 hour shift

Travel requirement:

• Up to 25% travel
• Up to 50% travel

Ability to Relocate:

• Alpharetta, GA: Relocate before starting work (Required)

Work Location: In person