What are the responsibilities and job description for the Revenue Manager position at Strand Hospitality Services?
Job description
Join Strand Hospitality, a seasoned hospitality management company providing excellent service since 1969!
We offer competitive salaries and benefits for our valued leaders!
The Revenue Manager position has a 30% bonus potential awarded each quarter. The maximum annual income for this role would be $98,800.
Strand Hospitality offers medical, dental, and vision plans at competitive rates. You also receive a paid time off package, company paid basic life and AD&D insurance and the option to purchase additional life for yourself, a spouse and/or children. Company paid short-term and long-term disability insurance are also part of our package.
Join a 401(k) Fidelity plan with a company match of up to 4% of your gross annual income. You also receive discounts in hotels located worldwide, theme parks, Broadway shows, and much more!
This role is remote, but it is preferred that the Revenue Manager live in the Carolinas.
Job Summary
The Revenue Manager is responsible for maximizing revenue and profitability across a portfolio of assigned properties. This role requires strong analytical skills, strategic thinking, and excellent communication to collaborate effectively with property team, ownership and management company senior leadership. The ideal candidate will be a data-driven decision-maker with a proven track record of success in revenue management.
Duties and Responsibilities
Including, but not limited to:
1. Develop and implement revenue management strategies for assigned properties, focusing on maximizing occupancy, average daily rate (ADR), and revenue per available room (RevPAR).
2. Analyze market trends, competitor pricing, and historical data to optimize pricing and inventory strategies. Implement dynamic pricing models to adjust rates based on demand.
3. Conduct thorough market analyses to identify opportunities to increase revenue and profitability. Stay abreast of demand changes, competitive activity and industry trends.
4. Utilize revenue management systems (RMS) to analyze data, manage pricing, and optimize inventory.
5. Effectively communicate with property management teams, regional directors, and senior leadership, providing updates on performance, strategy, and recommendations. Foster strong working relationships.
6. Assist with special projects and initiatives as assigned by the Director of Revenue Management.
Core Competencies
- Consultative
- Negotiation/Collaboration
- Strong Communicator/Listener
- Analytical
- Attention to Detail
Education and Experience
- Bachelor's degree in Hospitality Management, Business Administration, or a relevant combination of education and experience.
- 3-5 years of experience in revenue management within the hospitality industry. Multi-property experience is preferred.
- Proven track record of increasing revenue and profitability.
- Strong analytical and problem-solving skills.
- Proficiency in revenue management systems (RMS) and data analysis tools.
- Excellent communication, presentation, and interpersonal skills. Ability to effectively communicate complex information to both technical and non-technical audiences, including ownership.
- Ability to work independently and as part of a team.
- Strong organizational and time management skills.
- Preferred: Experience with Marriott and Hilton brand RMS.
- Preferred: Experience working with diverse property types (hotels, resorts, vacation rentals).
- Preferred: Experience presenting financial information to ownership or investment groups.
Strand Core Values
All associates are expected to embody the values listed below with everyone they
encounter and to support the company mission to Develop Prosperous, Lasting
Relationships.
RESPECTFUL
ADAPTIVE
SERVICE
ACCOUNTABLE
UNIFIED
DEDICATED
Work Environment
- Frequent sitting, standing, squatting, and walking
- Frequent trunk rotation while sitting and standing
- Vision – close, depth, distance, focus adjustment required frequently
- Hands/Fingers – frequent typing and use of fine motor skills
- Occasional bending forward while sitting and standing
- Occasional lifting up to 15 lbs.
- Some travel as needed
Strand Hospitality Services is an equal opportunity employer and does not discriminate against any person on the basis of age, color, gender, disability, national origin, race, religion, sexual orientation, veteran status or any other protected class.
Salary : $98,800
