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Revenue Manager
$97k-138k (estimate)
Full Time 3 Months Ago
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Battery Wharf Hotel is Hiring a Revenue Manager Near Boston, MA

JOB SUMMARY

Responsible for optimizing group and transient rooms revenue through the development and implementation of effective inventory management and pricing strategies. Monitor all distribution channels to ensure effective selling. Analyze reports to understand future demand forecast and past trends and translate this information to set/adjust strategies leading to increased market share. Employ sales techniques in order to secure and process reservations for guest accommodations in a timely manner consistent with hotel’s high standards of quality.

ESSENTIAL JOB FUNCTIONS 

This description is a summary of primary responsibilities and qualifications. The job description is not intended to include all duties or qualifications that may be required now or in the future. The Hotel operates 24 hours a day and 7 days a week, so operational demands require variations in shift days, starting times, and hours worked in a week.

  • Directly managing online Rooms content in all websites that sell or market.
  • Gathering, evaluating and analyzing statistical data with the intention of implementing revenue opportunities.
  • Reviews and analyzes the hotel’s performance using various reports (Hotelligence, Saber, Synxis, IDeaS, OTA's, OPERA, STAR, Demand and Mix of Sales reports), and evaluates where changes can be made to achieve desired revenue.
  • Optimizing RevPAR Performance for the hotel by establishing effective Transient and Group strategies based on thorough analysis of the market and competitive set
  • Directly responsible for controlling room inventory, availability and overselling limits of the hotel on a daily basis in efforts to maximize hotel’s occupancy and revenue.
  • Stays current on trends in revenue management field and exchange information with brand partners, and market managers.
  • Monitor competitive set, market pricing and strategies and provide recommendations based on analysis of data
  • Produce and distribute daily, weekly and monthly Revenue Management reports
  • Maintain positive working relationships with Third Party Vendors

Answer the telephone and greet prospective guests in a friendly manner using clear, verbal English communication. Listen to callers to understand inquiries and requests. Promptly provide accurate information regarding availability, accommodation types, transportation to and from hotel, rate, etc. Promote hotel’s marketing programs. Assign reservations based on guest preferences and availability.

Handle complaints in a tactful manner and negotiate resolutions such as alternative accommodations when hotel is sold out.

Verify credit card authorizations for processing advance deposits.

Adheres to all company policies and procedures.

Follows safety and security procedures and rules.

Knows department fire prevention and emergency procedures.

Provides for a safe work environment by following all safety and security procedures and rules.

All team members must maintain a neat, clean and well groomed appearance. (Specific standards outlined in team member handbook).

Perform other projects/duties as assigned by Director of Sales or General Manager.

KNOWLEDGE, SKILLS & ABILITIES

  • Proven ability to develop budgets and forecasts
  • Experience in Group and Transient markets
  • Excellent verbal and written English communication skills.
  • In-Depth understanding of Microsoft products including Outlook, Excel, Word etc.
  • Ability to analyze data and provide written analysis of STAR Reports, Hotelligence and Mix of Sales
  • Experience with Revenue Management, Opera, Channel Management Systems, Delphi and other related systems or an ability to quickly learn and utilize these systems.
  • Excellent time management skills with attention to detail and accuracy
  • Ability to deal with all levels of management and staff in a professional manner.
  • Ability to effectively deal with internal and external customers, some of whom will require high levels of patience, tact and diplomacy to defuse anger, collect accurate information and help resolve conflicts.

PHYSICAL DEMANDS

  • Requires sitting for long periods of time in a confined space and in close proximity to other employees to continuously perform essential functions.
  • Occasional twisting, bending, stooping, reaching, standing, walking.
  • Constant, talking, hearing, seeing and smiling.

Source: Hospitality Online

Job Summary

JOB TYPE

Full Time

SALARY

$97k-138k (estimate)

POST DATE

01/11/2023

EXPIRATION DATE

02/09/2023

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The job skills required for Revenue Manager include Pricing, Revenue Management, Futures, Inventory Management, Attention to Detail, Time Management, 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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