What are the responsibilities and job description for the Hotel Pricing Analyst position at The Grand & Little America Hotel?
Job Summary
The Hotel Pricing Analyst evaluates market data, competitor pricing, and historical booking patterns to set and adjust room rates in real time. This entry-to-mid-level functional role maintains system integrity, and executes daily pricing tactics, including identifying rate parity violations of distribution partners, to drive profitability for our independent properties.
Core Responsibilities
- Competitor & Market Tracking: Shop owned hotels for rate parity violations from OTA properties, booking reservations for documentation and communication with OTA account managers for price corrections when needed. Conduct daily rate shopping of the local competitive set across Online Travel Agencies (OTAs) and brand channels.
- Daily Rate Optimization: Review IDeaS G3 pricing recommendations daily to approve or manually override room rates based on hyper-local market shifts.
- Inventory Control Management: Learn to utilize revenue management controls within IDeaS G3 and corresponding room type and rate plan controls in Opera.
- Group & Wholesale Evaluation: Analyze incoming group RFPs using displacement models to ensure group rates match or exceed baseline transient value.
- Performance Reporting: Compile weekly and monthly revenue reports, tracking key metrics like ADR, Occupancy, RevPAR, and pick-up pace. [1]
Experience & Key Requirements
- Education: Bachelor’s degree in hospitality management, finance, business, or data analytics preferred.
- Experience: 3–5 years of experience in hotel front office, reservations, or revenue analytics.
- Opera PMS Proficiency: Practical knowledge of Opera PMS profile management, rate code configuration, and routing rules.
- IDeaS G3 Expertise: Experience navigating IDeaS G3 dashboards, user overrides, and system alert management.
- Analytical Skills: Intermediate to advanced Microsoft Excel capabilities (VLOOKUPs, pivot tables) for ad-hoc data manipulation.
- Independent Drive: Ability to work autonomously without corporate-office oversight, typical of an independent hotel environment.