12 Director of Revenue Management Jobs in Scottsdale, AZ
Boulders Resort & Spa Scottsdale, Curio Collection by Hilton is Hiring a Director of Revenue Management Near Scottsdale, AZ
Overview:
The Director of Revenue Management is responsible for identifying and maximizing all potential revenue opportunities for the Resort Hotel. The Director of Revenue Management is responsible for formulating long and short-term Revenue Management strategies and for overseeing their successful execution towards the advancement of RevPAR market share. This includes the analysis of revenue potential generated by the transient and group market segments as well as the market segmentation within transient and group. One will combine this with catering and space utilization as well as other revenue considerations (i.e.: golf, spa, etc.) in order to determine the appropriate mix of business to achieve revenue potentials every day of every year.
Responsibilities:
- Establish hotel pricing levels in all segments and all room types.
- Responsible for the daily room inventory management process and daily pricing process.
- Monitor competitor rates, positioning, strategies and data; maintain understanding of the dynamics of the local market and demand generators and present appropriate action plans to management.
- Monitor and communicate fluctuations in occupancy to operational departments so they can effectively manage staffing requirements and increase efficiency.
- Analyze local events and activities and project the effect of opportunities they create.
- Understand the macro and micro-economic variables affecting supply and demand in the local marketplace and use this knowledge to create accurate operational and financial room revenue forecasts.
- Perform unconstrained demand analysis to determine optimal business mix.
- Responsible for all short and long term forecasts including Weekly Forecasts, 30 60 90 Forecasts, In the month forecasts, and Full year forecasts.
- Assist with the process for evaluating all opportunities for contracted business (group, wholesale, corporate negotiated, etc.) presented through the Sales department. Ensure that process enables high speed of response while maximizing profits.
- Responsible for the maintenance of any software programs which contribute to the management of rooms revenue, Previous Hilton experience is required for the position.
- Monitor RevPAR index on STR report and provide critical analysis of performance on weekly and monthly basis.
- Prepare annual Rooms revenue budget.
- Chair weekly Revenue Strategy meetings in order to formulate and disseminate strategies and tactics. Ensure that prior decisions are re-visited in this forum in order to evaluate their effectiveness and promote learning.
- Prepare and present monthly reporting to the Hotel General Manager.
- Ensure all distribution channels have correct content and pricing.
- Develop and maintain a close relationship with the market manager of all OTAs to maximize the opportunities with these channels.
- Develop and maintain relationships with other market Directors of Revenue to create a network of peers in your community.
- Responsible for Digital Marketing such as pay per click campaigns, e-mail blasts, GDS advertising, etc.
- Establish and communicate sales strategy for day, week, month and rolling 12 months.
- Communicate any strategy changes or update any calendars for the sales team to use.
- Ensure accuracy from the daily Flash Report. Review actual performance versus Potential performance.
- Complete all required month end reports with detailed analysis. If necessary, complete action plans for the property to follow to create additional production/revenue.
- Review volume account production with Transient Sales Manager and Director of Sales.
- Maintain a warm and friendly demeanor at all times.
- Must be able to effectively communicate both verbally and written, with all level of employees and guests in an attentive, friendly, courteous and service oriented manner.
- Must be able to understand and evaluate complex information, data, etc. from various sources to meet appropriate objectives.
- Must be able to maintain confidentiality of information.
- Perform other duties as requested by management.
- Previous experience with Hilton Branded systems required for the position.
- Minimum of 4 years experience in the Revenue Management field.
- Bachelor's Degree.
- In-Depth knowledge of all industry reports such as STR, Agency 360, Demand 360, OTA Insights etc.
- Proficient in Microsoft Excel, Word, Power Point.
- Ability to work quickly in a high-pressure & high stress environment.
- Ability to communicate clearly both verbally and in writing.
Job Summary
Full Time
$120k-166k (estimate)
01/28/2024
05/22/2024
The job skills required for Director of Revenue Management include Revenue Management, Analysis, Pricing, Communicates Effectively, Confidentiality, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Revenue Management. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Revenue Management. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Director of Revenue Management positions, which can be used as a reference in future career path planning. As a Director of Revenue Management, 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 Director of Revenue Management. You can explore the career advancement for a Director of Revenue Management below and select your interested title to get hiring information.
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