What are the responsibilities and job description for the Complex Revenue Analyst position at Park Central Hotel?
Compensation Type
YearlyHighgate Hotels
Highgate is a leading real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in major U.S. gateway cities including New York, Boston, Miami, San Francisco and Honolulu, with a growing Caribbean and Latin America footprint. The hospitality forward company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition. Highgate has a proven record of developing its diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts with contemporary programming and digital acumen. The company utilizes industry-leading revenue management tools that efficiently identify and predict evolving market dynamics to drive outperformance and maximize asset value. With an executive team consisting of some of the most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in New York, Chicago, Dallas, London, Miami, and Seattle. www.highgate.com.
Location
Midtown convenience. Classic hospitality. Complete comfort. A celebrated past. It all comes together at the Park Central New York Hotel – located squarely amidst New York’s most popular sights and hotels in Midtown Manhattan. Our mix of exciting amenities pay homage to our glamorous past, while presenting a modern spin on the hotel’s electrifying environment. Guests will delight in escaping the hectic city life to bask in the stylish Park Central New York.
Overview
The Complex Revenue Analyst collaborates closely with the Complex Director of Revenue to enhance hotel revenue by efficiently overseeing room inventory and pricing across various market segments. This pivotal role involves contributing to the formulation of room rates and availability strategies to achieve an optimal blend of clientele via diverse distribution channels. Furthermore, the position entails conducting thorough analysis, crafting insightful reports, and constructing models to facilitate informed decision-making throughout the organization.
Responsibilities
Support the hotel's strategic yield enhancement initiatives by conducting thorough analysis and generating insightful reports. Ensure comprehensive exploration of all market segments and distribution channels for potential revenue optimization, aligning with budget, forecasts, pace, and market dynamics.
Efficiently maximize revenue prospects while maintaining an active role in the precise upkeep and supervision of various systems. This includes Opera, PMS, TravelTripper, Booking Engines, Channel Manager, Lodgiq, Ideas RMS, CRS, and Sales and Catering Systems.
Collaborate with the Director of Revenue to create both short and long-term forecasts, contributing to the establishment of informed strategies.
Collaborate closely with the Director of Revenue and the Regional Director of Revenue to compile and articulate a range of documents, reports, and presentations vital for ownership, hotel, and regional leadership updates. This encompasses various meetings, such as daily standups, departmental meetings, weekly RevMax sessions, monthly ownership and regional gatherings, quarterly reviews, and annual budget discussions.
Demonstrate ownership over and ensure the accuracy of all mandatory data inputs for daily, weekly, and monthly reports. These reports play a pivotal role in monitoring performance against budget, forecasts, and proforma. Data analysis covers an array of aspects including STR, Market Segment Analysis, Source Contribution, Internet Production, Pickup and Pace by Segment, Ancillary Fees Contribution, and Room Type Statistics.
Take a proactive role in the creation of materials for the Weekly RevMax Meetings. This involves compiling data on pricing, availability, market demand, and promotional prospects across all segments and channels. Assume the lead during these meetings, effectively conveying strategies and actions to executive, regional teams, and ownership when the Director of Revenue is unavailable.
Qualifications
- Bachelors degree or equivalent in Hotel Management or related field. Familiarization with hotel revenue management concepts and tools preferred.
- Demonstrated aptitude for problem solving and problem identification.
- Ability to collect, analyze and interpret revenue performance data
- Must effectively manage and adhere to strict daily/weekly/monthly deadlines.
- Extensive proficiency in Excel, Word, and PowerPoint required and ability to manipulate data essential
- Knowledge of reservations system and revenue management data.
- Attention to detail required.
- Ability to operate in a team environment.
- Excellent written and verbal communication skills
- Excellent interpersonal skills and demonstrated maturity.
- Ability to manage multiple tasks and responsibilities at once.
- Salary Range: $58,500 - $65,000
Salary : $58,500 - $65,000
