Director of Revenue Management

Job Overview

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Employment Type

Full-time
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Compensation

Type:
Salary
Rate:
Range $110,000.00 - $120,000.00
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Work Schedule

Standard Hours
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Benefits

highly competitive compensation
Exceptional benefit plan
401K matching program
Discounts at Crescent managed properties
Discounts at Marriott brand properties worldwide
Health Insurance
wellness programs

Job Description

Uniquely located in the heart of Honolulu, Renaissance Honolulu offers guests the best of city life balanced with the natural beauty of the island, featuring stunning ocean views. This hotel is part of Crescent Hotels & Resorts, a reputable hospitality company committed to delivering exceptional guest experiences through a dedicated and professional team. Crescent Hotels & Resorts values their associates as the core of their success and fosters a work environment where employees can bring their authentic selves to work, grow in their careers, and enjoy multiple benefits tailored to their needs.

Renaissance Honolulu is currently seeking a highly skilled... Show More

Job Requirements

  • Five years experience in hotel revenue management sales and marketing
  • Prior experience within Marriott International full-service or select-service
  • Familiarity with Marriott systems such as GXP MGS Medallia
  • Working knowledge of reservations front office and Microsoft Office Suite
  • Ability to forecast and implement creative revenue management strategies
  • Strong yield management skills to evaluate business trends and communicate recommendations
  • Excellent analytical and communication skills

Job Qualifications

  • Five years’ experience in hotel revenue management sales and marketing
  • Prior experience within Marriott International full-service or select-service
  • Familiarity with Marriott systems e.g. GXP MGS Medallia
  • Working knowledge of reservations front office and Microsoft Office Suite to take full advantage of the revenue opportunities
  • Forecasting and creative revenue management abilities
  • Yield management skill required to evaluate business trends and communicate to properties the recommendations needed to take full advantage of revenue maximization

Job Duties

  • Develop and recommend strategies to maximize revenue generation and exceed goals including room product segmentation mix and pricing
  • Compile data analyze trends and develop accurate weekly and period forecasts by expected deadlines
  • Communicate to all departments to ensure appropriate staffing levels
  • Meet with other executive committee team members to validate forecast and develop plans to improve performance
  • Manage reservations inventory property management and revenue management systems
  • Create and oversee transient rate plans
  • Build and maintain group blocks
  • Conduct weekly strategy meetings to ensure all implemented tactics are achieving desired effect
  • Monitor pace and pickup
  • Adjust pricing across segments products and channels
  • Manage yielding of discount segments
  • Provide analysis for weekly and monthly communication to owners on topics related to forecast STR performance and revenue strategies
  • Contribute in meeting and exceeding the overall hotel goals
  • Manage property content across all channels
  • Coordinate with Digital Strategy team to best showcase room products and promotions
  • Collaborate with Director of Sales in the validation of optimal business mix between Group Transient and Contract
  • Provide stay pattern displacement analysis and pricing recommendations for group and negotiated rates
  • Work with Sales team to establish and update Group MARs and ceilings
  • Conduct weekly Group Pickup and Wash meetings
  • Advise policies and set procedures for additional tasks that cross disciplines between Revenue Management Sales Digital Strategy Operations and Finance
  • Analyze and report Revenue Management data
  • Generate and update on transient segment each period and continually analyze transient booking patterns
  • Assist with account diagnostics process and validate conclusions
  • Maintain accurate Reservation System information
  • Generate and provide accurate and timely results in the form of reports presentations etc
  • Generate yearly room revenue budget
  • Assist in developing implementing monitoring and controlling annual budget and marketing plans to assist in meeting and exceeding the overall hotel goals
  • Perform any other job-related duties as assigned

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Job Qualifications

Experience

Mid Level (3-7 years)

Job Location

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