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Revenue Manager
White Lodging Indianapolis, IN
$109k-152k (estimate)
Full Time | Accommodations 4 Days Ago
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White Lodging is Hiring a Revenue Manager Near Indianapolis, IN

Summary:
The Manager is responsible for leading the tactical revenue management efforts for hotel(s) . This includes ensuring consistent and effective use of tools and processes
Responsibilities
  • This position will work closely with the General Manager and Sales team of hotel(s) with a focus on setting pricing strategy to drive optimal revenue and profit.
  • Must be passionate about using data, quantitative analysis, and sophisticated analytics to develop optimal pricing, profitable revenue, and to drive change.
  • Use knowledge of technical and managerial applications of reservation systems and yield management systems and their utilization by each hotel brand and White Lodging.
  • Responsible for demand forecasting, financial forecasting, annual budget process, rate management, and inventory restrictions.
  • Responsible for selling strategies and inventory restrictions that capture the optimal revenue producing business for the hotel.
  • Work with sales to ensure group strategies are accurate and achieve the business goals of the hotels.
  • Utilize a variety of historic reports, pacing, segmentation, and pricing reports to enhance the demand forecasting processes.
  • Conduct diagnostic analysis of hotel’s channel mix to optimize profitable revenue.
  • Conduct ongoing revenue and profit analysis to identify opportunities to grow revenue, market share, and profit.
  • Create and analyze ad-hoc reports as needed/requested.
  • Various other items as needed.
Other Information
  • 2 or more years multi-brand Revenue Management experience
  • Demonstrate strong leadership and communication skills
  • Proficient in all Revenue Management processes including, pricing and yield management
  • Proficient in Microsoft Excel, Word, and PowerPoint
  • Bachelor’s Degree
Full Time Benefit Overview
  • Medical, Dental, and Vision
  • Short- and Long-Term Disability and Life Insurance
  • Employee Assistance Program (EAP)
  • 401(k)
  • Paid Time Off to include Vacation, Holidays, & Sick
  • Tuition Reimbursement
  • Complimentary and Discounted Rooms
Location Code: 2554

Job Summary

JOB TYPE

Full Time

INDUSTRY

Accommodations

SALARY

$109k-152k (estimate)

POST DATE

07/04/2024

EXPIRATION DATE

08/01/2024

HEADQUARTERS

CROWN POINT, IN

SIZE

3,000 - 7,500

FOUNDED

2010

CEO

HOLLY JONES

REVENUE

<$5M

INDUSTRY

Accommodations

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The job skills required for Revenue Manager include Pricing, Revenue Management, Analysis, Pricing Strategy, Leadership, Communication Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Revenue Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Revenue Manager. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Revenue Manager positions, which can be used as a reference in future career path planning. As a Revenue Manager, it can be promoted into senior positions as a Revenue Cycle Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Revenue Manager. You can explore the career advancement for a Revenue Manager below and select your interested title to get hiring information.

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If you are interested in becoming a Revenue Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Revenue Manager for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Revenue Manager job description and responsibilities

A revenue manager uses market data to set pricing or business strategy.

02/15/2022: Anderson, IN

Revenue managers oversee the process of collecting and organizing analytical data related to an organization’s revenue, sales, and other financial activities.

01/25/2022: San Jose, CA

An on-site revenue manager can benefit from firsthand knowledge of the market and activities at the hotel, but, thanks to technology, hotels can leverage the skills of a corporate revenue manager with great results.

02/23/2022: Montgomery, AL

Revenue managers also work closely with the Marketing department to create promotional offers and campaigns.

04/15/2022: San Bernardino, CA

Simply, revenue management means predicting consumer behavior to sell the product at an optimal price every day.

04/03/2022: Philadelphia, PA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Revenue Manager jobs

Some revenue management jobs may only require an associate’s degree and work experience.

02/19/2022: Fort Myers, FL

Channels are often closely tied to the customer segments that use them, so depending on the product type, a revenue manager can choose a channel and set prices for a particular segment of a target audience.

03/10/2022: Evansville, IN

Using data analysis and predictive analytics.

01/20/2022: Chicago, IL

Channel and overbooking management.

01/22/2022: Amarillo, TX

Without understanding that psychology should be at the center of revenue strategy, a revenue manager can be prone to the “spaghetti method” – throw everything at the wall and see what sticks.

03/03/2022: Sioux City, IA

Step 3: View the best colleges and universities for Revenue Manager.

Florida Southern College
Colby College
Dartmouth College
University of Notre Dame
Western Washington University
Canisius College
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