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Revenue Manager

Role overview

Summary

The Revenue Manager role focuses on maximizing room revenue through strategic pricing and yield management. You will collaborate with the Director of Sales and Marketing to analyze market trends and develop effective selling strategies, ensuring alignment with the hotel's revenue goals.

Qualifications

  • High school or equivalent education required.
  • Minimum five years revenue management experience with higher levels of responsibility.
  • Strong sales background.
  • Excellent analytical skills to design cohesive sales efforts and evaluate results.
  • Preferred: Bachelor’s Degree

Responsibilities

  • Maximize room revenue by establishing rates, packages, and yield management practices.
  • Manage all distribution channels, including GDS, website, and third-party organizations.
  • Analyze historical data and determine pace to improve room revenue performance.
  • Develop booking pace tables by market segment to support forecast projections.

Key facts

Hard skills

Other skills

  • Forecasting
  • Sales
  • Budgeting
  • Analytical Skills
  • Communication

About the company

Montage International logo

Montage International

  • Hotels & Lodging
  • Large
  • 1,001–5,000
Montage International, the ultra-luxury hospitality management company founded by Alan J. Fuerstman, features a distinctive collection of hospitality brands. Montage International encompasses the ultra-luxury brand Montage Hotels & Resorts, the new luxury hospitality brand Pendry Hotels & Resorts, Montage Residences, Pendry Residences and the management of some of the country’s premiere golf courses and clubs. Founded in 2002, Montage Hotels & Resorts is an artistic collection of distinctive hotels, resorts and residences. Pendry Hotels & Resorts, founded in 2014, is a collection of new luxury hotels for today’s cultured world traveler located in taste making destinations. For more information, please visit www.montage.com and www.pendry.com. Montage Laguna Beach www.montagehotels.com/lagunabeach Montage Deer Valley www.montagehotels.com/deervalley Montage Palmetto Bluff www.montagehotels.com/palmettobluff Montage Kapalua Bay www.montagehotels.com/kapaluabay Montage Los Cabos www.montagehotels.com/loscabos Montage Healdsburg www.montagehotels.com/healdsburg Montage Big Sky www.montagehotels.com/destinations/big-sky Montage Cay www.montagehotels.com/destinations/bahamas Montage La Quinta Pendry San Diego www.pendry.com/san-diego Sagamore Pendry Baltimore www.pendry.com/baltimore Pendry West Hollywood www.pendry.com/west-hollywood Pendry Chicago www.pendry.com/chicago Pendry Manhattan West www.pendry.com/manhattan-west Pendry Park City www.pendry.com/park-city Pendry Natirar www.pendry.com/natirar Pendry Washington D.C. The Wharf www.pendry.com/washington-dc Pendry Newport Beach https://www.pendry.com/newport-beach/ Pendry Barbados https://www.pendry.com/barbados/ Pendry Tampa https://www.pendry.com/tampa/ Pendry La Quinta

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Job description

Live Your Passion.  Add Your Magic.             

At Montage International, we are doing something different, something exciting and it takes passionate people to bring our vision to life. We have built a culture that leads with the important notion we live by every day; do what you love. If this resonates with you, we look forward to receiving your application.

We welcome applicants with disabilities and provide reasonable accommodations as needed to our applicants. Please discuss with our hiring managers during our selection processes. 

If you are an internal applicant, please log into Workday and apply for your application to be considered.

Please Click Here to apply internally.

Revenue Manager

SUMMARY

The Revenue Manager is responsible to maximize all room revenue by establishing rates, packages and yield management practices. Manage all distribution channels, GDS, website and third party organizations to drive business. Create reports and procedures to maximize business levels, analyze historical data and determine pace to improve room’s revenue performance year after year.

ESSENTIAL FUNCTIONS 

  • Develops and leads weekly Rev Max meeting       
  • Prepares weekly forecast, pace, yield strategies, month end and other reports as needed
  • Studies industry trends, tracks bookings and analyzes data to develop selling strategies with Director of Sales and Marketing in order to achieve property’s revenue goals 
  • Develops booking pace tables by market segment to support forecast projections
  • Creates and or manages reporting of data to the Director Sales & Marketing
  • Determines daily pricing to maximize revenues which are aligned with the overall objectives of the hotel.
  • Analyzes the external marketplace, customer demand and competitor offerings to ensure proper price competitiveness within the hotel market and competitive set.
  • Evaluates channel and intermediary opportunities in line with segmentation goals and in compliance with corporate guidelines.
  • Develops guidelines for managing hotel’s inventory and pricing strategies to maximize the revenue received from each segment and channel.
  • Seeks opportunities to improve results by utilizing the various revenue optimization tools and programs.
  • Communicates rate and space availability to the hotel sales and management team, the hotel reservation agents.
  • Partners with sales team on contracted, group and negotiated transient revenue generation and ensures alignment with overall pricing and promotional activity
  • Assists with the hotel budget process and budget input in cooperation with the Director of Sales and Marketing.
  • Prepares and distributes accurate revenue forecasts for the General Manager and the Director of Sales and marketing.
  • Monitors hotel segmentation performance relative to plan and recommends action where needed to ensure goals are met or exceeded.

QUALIFICATIONS

  • High school or equivalent education required. Bachelor’s Degree preferred.
  • Minimum five years revenue management experience with higher levels of responsibility.
  • Strong sales background. Ability to identify and understand the market segments as they relate to the resort.
  • Excellent analytical skills to be used to design a cohesive sales effort and evaluate results of these efforts.
  • Knowledge of computer accounting programs, math skills as well as budgetary analysis capabilities required.

PHYSICAL REQUIREMENTS 

Must be able to walk, stand, sit, bend, stoop, squat and stretch to fulfill tasks. Must have finger dexterity to be able to operate office equipment.  

In the United States we are proud to be an EEO employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

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