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Revenue Manager (Remote)
$75k-100k (estimate)
Full Time | Accommodations 1 Week Ago
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Tharaldson Hospitality is Hiring a Remote Revenue Manager (Remote)

Are you ready to advance your career to the next level? Are you a passionate hospitality professional? How about Hands on, energetic, and honest? Tharaldson wants you!

We provide a friendly, professional place to work and have fun, with opportunities for advancement and career growth. A strong company culture inspires staff to achieve the highest service standards in hospitality. Tharaldson has 86 hotels nationwide and will be adding to our hotel portfolio in the next 3 years, providing growth opportunities for our team members!

A Revenue Manager will maximize room revenue through the management of room inventory, market mix and pricing strategy. Also supervises the processing of guest reservations and group blocks. In addition, supervises, trains, and develops certain staff to encourage maximization of hotel revenue.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


What We Offer:

  • Career advancement opportunities
  • Remote Position
  • Bonus Potential
  • Employee discounts
  • Competitive pay
  • Daily Pay Option
  • Flexible work schedule
  • Comprehensive benefits for you and your family including (medical, vision, dental, 401k, Profit Sharing)
  • Paid Vacation

Primary Responsibilities:

  • Supports the hotels’ General Managers, Assistant General Managers, and Directors of Sales daily.
  • Monitors the pricing of competitors, understands the dynamics of the local market and demand generators and presents appropriate actions to the revenue committee.
  • Chairs the daily, weekly, and monthly revenue meetings, and generates all reports needed for that meeting. Generates action plans from meetings and shares with the group.
  • Coordinates the yield management process and manages the property management system on a daily basis.
  • Reviews and approves all group proposals with the Director of Sales and/or General Manager. Collaborates with the Director of Sales on group rates, ceilings, and selective guidelines.
  • Monitors group blocks to determine rooms available for sale to transient customers. The Revenue Analyst shall also understand the groups’ pick up history and shall manage group cut off dates.
  • Effectively develops the hotel pricing and market mix strategy.
  • Monitor and communicate with Director of Sales on daily walk-in rates and pricing strategies.
  • Determines the hotel weekly and long range rooms’ forecasts.
  • Assists in the annual hotel budget development and ongoing results analysis.
  • Monitors the Reservations department’s efforts towards maximum hotel revenue and looks for new revenue-producing opportunities.
  • Review various reports including Star Report, on a daily, weekly, and/or monthly basis as required.
  • Works with Sales team to create “new” selling opportunities, such as packages to increase REVPAR.
  • Ensures hotel is visible on the internet and is partnered with many sites as possible.
  • Works with Sales team to determine LNR, Consortia, and RFP rates. Ensures the hotel is prepared for the RFP season.
  • Communicates fluctuations in occupancy to operational departments so they can make staffing adjustments and increase efficiency.
  • Partner with Sales teams providing analysis, training and collecting data as needed.
  • Responds quickly to appropriate guest requests or complaints in a friendly manner and appropriate action is taken. Directs request or complaints to appropriate department.
  • Follows company policies and procedures and is able to effectively communicate them to subordinates.
  • Assists Director of Revenue of Management as assigned.
  • Travel to properties, including extended stays, depending on training and operational needs.
  • Note: Other duties as assigned by supervisor or management.

Competency:

  • Problem Solving- Identifies and resolves problems in a timely manner; develops alternative solutions; uses reason even when dealing with emotional topics
  • Customer Service- Manages difficult or emotional customer situations. Responds promptly to customer need; responds to request for service and assistance
  • Interpersonal- Maintains confidentiality
  • Communication- Responds quickly and efficiently to questions; demonstrates group presentations skills; writes clearly and informatively
  • Team Work- Contributes to building a positive team spirit
  • Delegation- Delegates work assignments; follows up to ensure accuracy. Provides recognition for results
  • Managing People- Makes self available to hotel management staff; provides regular performance feedback; develops subordinates’ skills and encourages growth; solicits and applies customer feedback (internal and external); improves processes, products, and services; continually works to improve supervisory skills
  • Quality Management- Looks for ways to improve and promote quality; demonstrates accuracy and thoroughness
  • Diversity- shows respect and sensitivity for cultural differences; promotes a harassment-free environment
  • Organizational Support- Follows policies and procedures including, but not limited to, dress code policies
  • Adaptability- Adapts to changes in the work environment, manages competing demands; able to deal with frequent change, delays, or unexpected events
  • Attendance/Punctuality- Is consistently at work and on time; ensures work responsibilities are covered when absent; arrives at meetings and appointments on time
  • Dependability- Commits to long hours of work when necessary to reach goals
  • Initiative- Asks for and offers help when needed, take park in creation of new reports and tools
  • Innovation- Generates suggestions for improving work; develops innovative approaches and ideas
  • Judgement- Exhibits sound and accurate judgement; includes appropriate people in decision-making process.
  • Planning/Organizing- Prioritizes and plans work activities.

Skills and Qualities:

  • Math/Numeric Reason- ability to calculate figures and amounts, such as discounts, profit/loss concepts, interest, and percentages; ability to deal with problems involving several concrete variables in standardized situations.
  • Computer Aptitude- Proficient in Microsoft Office products, including Word, Excel, and Outlook. Experience with DOS based systems preferred. A significant portion of the day is spent speaking, listening and using a keyboard to type, usually done sitting down. A large portion of time is spent completing and scheduling reports and/or forecasts.
  • Organizational Skills- Since the employee in this positon oversees several subordinates, a vast amount of time is spent utilizing problem solving, reasoning, motivating, and training abilities.
  • Communication Skills- The Revenue Analyst is responsible for communicating important revenue-maximizing strategies to both subordinates and supervisors. Therefore, communication skills are imperative for carry-out of utilized strategies.

The Revenue Analyst should remain informed about the general hotel market in order to effectively analyze pricing trends. This position requires a large amount of analytical skill and confidence in decision making when applying observed trends to the operation of the hotel. This job description is a general representation of the duties and responsibilities commonly found in Hospitality for this type of position. It may be modified on an individual basis based upon necessity.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Accommodations

SALARY

$75k-100k (estimate)

POST DATE

04/24/2024

EXPIRATION DATE

06/23/2024

WEBSITE

tharaldsonhm.com

HEADQUARTERS

DECATUR, IL

SIZE

500 - 1,000

FOUNDED

2010

CEO

JAMES ESTELL

REVENUE

$10M - $50M

INDUSTRY

Accommodations

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About Tharaldson Hospitality

Tharaldson Lodging Co is a hospitality company based out of 2637 S Sandusky Ave, Tulsa, Oklahoma, United States.

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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.

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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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