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Corporate Director of Revenue Management

Outstanding Medical, Dental and Vision Benefits! Travel discounts!

Posted September 22, 2022

Magna Hospitality Group
Warwick, RI
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Be a part of our growing Revenue team and work remotely!

About This Job

Magna Hospitality Group is looking for a dynamic and passionate Corporate Director of Revenue Management for our corporate office in Rhode Island.

THIS IS A REMOTE POSITION.

This is an exciting opportunity, as we have changed the culture and process of revenue management for our hotels. We pulled these positions out of the properties and created our own Revenue Performance Center located in the corporate headquarters in Warwick, Rhode Island. We recognize the importance of revenue management and are creating a dynamic TEAM that will be very successful. This is a GREAT opportunity for someone who wants to have a voice and an active role in the creation of our revenue management discipline.
The Corporate Director of Revenue Management maximizes hotel room revenue through daily management of guest room inventory and product pricing for multiple assigned hotels. They will understand the market and competitive business positioning in order to develop each hotel's business strategy integrating both strategic and tactical skills. The Corporate Director of Revenue Management must be strategic and decisive, combining knowledge in ecommerce, sales, marketing and distribution to make the optimal revenue decisions in all channels.

Primary Responsibilities:

  • Manages the guest room inventory through the systems end date for assigned hotels. Manages rates and inventories in all distribution channels to ensure parity.
  • Creates implements and evaluates strategic pricing decision by market segment and channel to maximize room revenues for assigned hotels.
  • Strategically sets group bookings parameters in Sales Pro (MARs and ceilings) in conjunction with the transient strategies to maximize group room revenue for assigned hotels.
  • Assist in preparation of annual budget and marketing plan.
  • Maintains a complete short-term & long-term awareness of the local market. Track, evaluate and communication business and market trends for assigned hotels to the property team, VP of Revenue Management, and corporate stakeholders.
  • Evaluates the area competitors in regard to pricing, mix of business, brand directives and overall selling initiatives. Monitors competitors pricing and make pricing adjustments accordingly.
  • Evaluates the daily, weekly and monthly STR report to understand the trends of assigned hotels and competition as well as understand the opportunities of hotels for YOY growth. Be able to understand and interpret market conditions, trends, and the competition.
  • Maintain demand generating calendars holidays, special events, city wides, etc.
  • Leads the Weekly Revenue Management Meeting to review performance, selling strategies and market trends for assigned hotels. Completes the Weekly Revenue Management Report to communicate to the hotel the performance results and strategies of assigned hotels.
  • Prepares and analyzes supporting documentation for revenue meeting for assigned hotels inventory, pricing, market shops, forecast, budget, STR, group pace, etc.
  • Ensures all Revenue Management data files are organized and maintained.
  • Ensures actual room revenue statistics for assigned hotels are accurate in Profit Sage, Smith Travel reports and brand systems.
  • Executes all corporate revenue management initiatives for assigned hotels.
  • Work with fellow Corporate DORMs for opportunities to shift demand to sell out all same city hotels.
  • Develops and implement quarterly strategic action plans.
  • Act as a liaison to brand. Utilize in depth knowledge of brand distribution systems, including new marketing and promotional opportunities as they are made available.
  • Develops and maintains partnership with 3rd party business partners. Work with VP of Revenue Management to develop and implement effective strategies to maximize third party, and opaque channel e-commerce demand.
  • Visit hotels competitor's minimum of every 6 months to understand hotels strengths and weaknesses against each competitor both from a product and yield strategy perspective.

Requirements:

  • 3-5 years minimum experience in hotel Revenue Management position
  • High School Diploma required
  • College degree in hospitality or business administration or related field preferred
  • Strong understanding of CRO, GDS, PMS, SalesPro and Internet distribution systems
  • Team oriented individual that can adapt to a fast-changing environment
  • Strong analytical mindset and ability to solve problems creatively using mathematics
  • Multiple market experience preferred
  • Robust excel background preferred
  • IDeaS revenue management system experience preferred
  • Opera PMS experience preferred
  • Understanding of length of stay pricing philosophy
  • Effective communication skills, both verbally and written
  • Ability to work both independently and cross-functionally to achieve goals
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About this Employer

Magna Hospitality Group

300 Centerville Road, Suite 300 East
Warwick, RI 02886

Management Company

www.magnahospitality.com

Culture

Magna is managed by a talented and experienced team of hospitality professionals. Magna has a deep-rooted culture that is expressed through T.E.A.M. – Together Everyone Achieves More. T.E.A.M. encourages individuals to succeed as part of a team and be less concerned with themselves as individuals. Only by contributing to the Team’s success will an individual provide herself or himself with the opportunity for personal growth, development, advancement, and financial reward. The T.E.A.M. culture extends from Magna’s Leadership Committee through every Team member at our properties, and insures that we are all working toward the same common goal: guest satisfaction and investor fulfillment. If all Team Members (both corporate and property level) work toward that common goal, we will all achieve personal advancement and financial gain.