What are the responsibilities and job description for the Revenue Analyst position at LOTTE New York Palace?
Job Description
As a Revenue Analyst, you will primarily be responsible for assisting the Revenue Management team in maximizing room revenue for the hotel. You will utilize a variety of systems, tools and reports in the prescribed way to ensure all revenue management decisions are supported with relevant data analysis. You will ensure effective information gathering and analysis is conducted in order to identify and maximize on all possible opportunities and minimize any risks. In additional you will feed ideas and suggestions to the Revenue Management team and Build an effective working relationship with all hotel departmental teams and ownership representatives to maintain their trust and confidence in the Revenue Management team’s strategic decisions and actions being taken pertaining to inventory and rate control, promotions, pricing and overbooking.
Qualifications:
What are we looking for?
To successfully fill this role, you should possess the following competencies: communication, analysis, planning, drive & resilience. And demonstrate the following behaviors:
- Excellent written and oral communications skills
- Concise, well-organized presentation skills
- Confident in communicating with a wide range of people, both inside and outside hotels
- Clear, logical and factual arguments and decision-making
- Quick and accurate when evaluating complex written and numerical information
- Ability to recognize trends in data
- Ability to produce a high volume of reports with many different data sources with a high degree of accuracy and quality, delivered in a timely manner meeting appropriate deadlines
- Ability to prioritize effectively, balancing importance, urgency and resources
- Time efficient within tight schedules
- Effective in a fast-paced environment
- Determined and energetic, whilst remaining calm and level headed in order to deliver results
What are the essential functions of the role?
- Prepare and distribute daily, weekly, and monthly reports to include pickup, segmentation, and pace analysis
- Ensure that all reports are accurate, timely and consistent
- Utilize all competitive and revenue related property support tools to achieve hotel’s RevPAR growth goals
- Ensure correct placement, parity and rate positioning on all distribution channels
- Be knowledgeable of all special rates and promotions
- Assist in preparation & copying of reports for distribution of all documents for the weekly Revenue Strategy Meeting
- Attend weekly Revenue Strategy Meeting
- Answer other hotel team member's questions regarding revenue management in a friendly and courteous manner
- Ensure that all revenue management related systems are maintained
- Conduct audit checks to ensure inventory controls and rate parity
- Assist in ensuring the Reservations team is updated to any change in sales strategy and new promotional campaigns
- Monitor hotel and partner systems to ensure effective inventory and promotional rates across appropriate distribution channels
- Monitor and analyze the competition daily and weekly through Demand360/ Rate360, as well through shopping the web, to identify competitor selling strategies and market trends
- Development of new reports, as needed, to assist in preparation for the weekly revenue management meetings or data analysis
- Maintain historical statistical data from all distribution channels
- Assist in collecting industry data regarding current trends that will help in forecasting and the budget process
- Analyze and present accurate picture of trends, demand and market conditions
- Assist the Revenue Manager with Group rates analysis
- Update of rates and selling restrictions in all distribution channels
- Maintain an organized and clean work area and hotel environment
- Pricing Strategy: Collaborate with the sales and marketing teams to implement dynamic pricing strategies that align with the hotel's revenue goals
Qualifications:
- Bachelor’s degree in Business, Finance, Hospitality Management, or a related field.
- Strong analytical skills with proficiency in Excel and revenue management software.
- Excellent communication and presentation skills.
- Detail-oriented with strong organizational abilities.
- Ability to work collaboratively in a fast-paced environment
Hourly rate: $36.00/ hour
Salary : $36