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Gaylord National Resort & Convention Center
National, MD | Full Time
$82k-104k (estimate)
5 Months Ago
Revenue Manager 1
$82k-104k (estimate)
Full Time 5 Months Ago
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Gaylord National Resort & Convention Center is Hiring a Revenue Manager 1 Near National, MD

Job Number

22200171

Job Category

Revenue Management

Location

Gaylord National Resort & Convention Center, 201 Waterfront Street, National Harbor, Maryland, United States VIEW ON MAP

Schedule

Full-Time

Located Remotely?

N

Relocation?

N

Position Type

Management

Job Summary

Manages rooms and function space inventory and ensures inventory is allocated and restricted properly to maximize revenue and profits for hotels in the market. Responsible for building rates, packages and hotel sales strategy information in the hotel(s)’ inventory systems. The position makes pricing and positioning recommendations for market hotels. Conducts analysis of revenue, profit and demand associated with hotel rooms and space inventory. Position contributes to forecasts, budgets, weekly and daily projections. Position critiques sales strategy effectiveness and prepares historical and future analysis of revenue and profit opportunities

Candidate Profile

Education And Experience
  • 2-year degree from an accredited university in Business Administration, Finance and Accounting, Economics, Hotel and Restaurant Management, or related major; 3 years experience in the revenue management, sales and marketing, or related professional area.

    OR

  • 4-year bachelor's degree from an accredited university in Business Administration, Finance and Accounting, Economics, Hotel and Restaurant Management, or related major; 1 year experience in the revenue management, sales and marketing, or related professional area.

    Core Work Activities

    Executing Revenue Management Projects And Strategy

  • Manages room authorizations, rates and restrictions.
  • Manages function space authorizations, restrictions and rental.
  • Manages rooms inventory to maximize cluster rooms revenue.
  • Maintains the transient rooms inventory for the hotel(s) and responsible for maximizing transient revenue.
  • Releases group rooms back into general inventory and ensures clean booking windows for customers
  • Ensures that the hotel(s) sales strategies are effectively implemented in the reservation system and the inventory system.
  • Prepares sales strategy critique.
  • Monitors transient and group inventory daily to ensure straight-line availability and maximization of revenue potential for all brands.
  • Ensures that sales strategies and rate restrictions are communicated, implemented and modified as market conditions fluctuate.
  • Supports cluster selling initiatives by working with all reservation centers.
  • Uses reservations system and demand forecasting systems to determine, implement and control selling strategies.
  • Ensures property diagnostic processes (PDP) are used to maximize revenue and profits.
  • Initiates, implements and evaluates revenue tests.
  • Ensures compliance and participation in company promotions and eCommerce channels
  • Ensures all hotels follow brand strategies that will maintain and/or increase the hotel(s) revenue per available room (RevPAR) and revenue per available square foot (RevPAS).
  • Understands the working relationship between sales, reservations and property management systems.
  • Participates in quarterly regional reviews
  • Promotes and protects brand equity.
  • Achieves and exceeds goals including performance goals, budget goals, team goals, etc.
  • Attends meetings to plan, organize, prioritize, coordinate and manage activities and solutions.
  • Establishes long-range objectives and specifying the strategies and actions to achieve them.
  • Demonstrates knowledge of job-relevant issues, products, systems, and processes.
  • Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).
  • Explores opportunities that drive profit, create value for clients, and encourage innovation; challenges existing processes/systems/products to make improvements.

    Analyzing And Reporting Revenue Management Data

  • Compiles information, analyzes and monitors actual sales against projected sales.
  • Creates long range forecast for rooms and catering by segment and updates forecast every period.
  • Creates weekly forecast for property operations and staffing purposes
  • Conducts sales strategy analysis and refines as appropriate to increase market share for all properties.
  • Maintains accurate reservation system information.
  • Analyzes period end and other available systems data to identify trends, future need periods and obstacles to achieving goals.
  • Generates updates on transient segment each period.
  • Assists with account diagnostics process and validates conclusions.
  • Provides revenue analysis functional expertise to general managers, property leadership teams and market sales leaders.
  • Prepares forecasts of revenue, profit, demand and occupancy for rooms and function space – three-month and six month, long range and budget.
  • Prepares revenue and profit opportunity analysis.
  • Manages all revenue, profit and demand data associated with rooms and function space
  • Develops and/or uses analytical tools and systems to maximize revenues and profit.
  • Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Analyzes information and evaluates results to choose the best solution and solve problems.
  • Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Generates and provides accurate and timely results in the form of reports, presentations, etc.

    Building Successful Relationships

  • Develops and manages internal key stakeholder relationships in a proactive manner.
  • Acts as a liaison, when necessary, between property and regional/corporate systems support.
  • Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law.

    Gaylord Hotels is a multi-location hospitality brand guided by a single focus: extraordinary meetings and conventions. From guest rooms and meeting space, to entertainment and dining all in a self-contained environment, Gaylord Hotels makes meeting planning easy and provides attendees great networking opportunities. As a Gaylord Hotels STAR, you'll bring your warm smile, genuine excitement and a “consider it done” spirit to work. In return, you’ll experience the rewards of growing your career among a team of professionals with a passion for excellence. Ready for a change? Take the initiative. Enjoy the Rewards.

    Source: Hospitality Online

    Job Summary

    JOB TYPE

    Full Time

    SALARY

    $82k-104k (estimate)

    POST DATE

    11/20/2022

    EXPIRATION DATE

    05/10/2023

    The job skills required for Revenue Manager 1 include Revenue Management, Futures, Sales and Marketing, Catering, Leadership, Networking, etc. Having related job skills and expertise will give you an advantage when applying to be a Revenue Manager 1. 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 1. 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 1 positions, which can be used as a reference in future career path planning. As a Revenue Manager 1, 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 1. You can explore the career advancement for a Revenue Manager 1 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.

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