What are the responsibilities and job description for the Hotel Revenue Analyst position at Lm Services Corporation?
Key Responsibilities of a Hotel Revenue Analyst:
- Revenue Optimization -Analyze pricing trends, occupancy rates, and market demand to set optimal room rates.
- Data Analysis & Forecasting -Use historical data and predictive models to forecast revenue and identify trends.
- Competitive Analysis - Monitor competitors pricing strategies and adjust rates accordingly.
- Inventory Management -Manage room availability across different booking channels to maximize revenue.
- Collaboration with Departments - Work closely with sales, marketing, and reservations teams to align strategies.
- Reporting & Performance Tracking -Prepare reports on key metrics like RevPAR (Revenue Per Available Room) and ADR (Average Daily Rate).
Essential Skills:
- Analytical Thinking -Strong ability to interpret data and make data-driven decisions.
- Excel & Revenue Management Software Proficiency - Experience with tools like Excel, Opera, or STR reports.
- Attention to Detail -Small pricing changes can have a big impact, so accuracy is key.
- Market Awareness - Understanding industry trends and consumer behavior.
- Communication Skills -Ability to present data insights to different teams.
