Director of Revenue Strategy

Job Overview

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Employment Type

Full-time
Part-time
Temporary
Hourly
Internship
Consulting
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Compensation

Type:
Salary
Rate:
Range $94,483.44 - $115,363.45
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Benefits

Highly competitive wages
Exceptional benefit plan for eligible associates and their family members
401K matching program for eligible associates
flexible scheduling
discounts with Crescent managed properties in North America

Job Description

The Mayfair House Hotel & Garden is an exclusive, two Michelin Key award-winning hotel known for its luxurious accommodations and exceptional guest experiences. Located in a prime destination, the hotel offers a lush and sophisticated environment that attracts discerning travelers from around the globe. The hotel prides itself on providing a blend of historic charm and modern amenities, catering to clients seeking an unparalleled lodging experience. With a commitment to excellence, the Mayfair House Hotel & Garden stands as a premier establishment within the competitive hospitality industry, continually pushing the boundaries of quality and service.

The Mayfair House H... Show More

Job Requirements

  • Minimum of 4 years' experience in commercial or revenue management
  • Previous commercial or revenue management experience in hotels highly desired
  • Knowledge of local market is highly desired
  • Bachelor's degree in hospitality management, Business Administration, or a related field
  • Advanced degree or professional certification in revenue management or commercial strategy highly desired
  • Proven experience in revenue management or commercial strategy development within the hospitality industry with a strong leadership background
  • Strong analytical and data interpretation skills with the ability to translate insights into actionable revenue strategies
  • Proficiency with revenue management system software (e.g., IDeaS), commercial strategy tools, and customer relationship management (CRM) systems
  • Excellent interpersonal and communication skills with the ability to influence and collaborate with cross-functional teams at various levels
  • Strategic thinker with a focus on driving revenue growth, improving market share, and achieving key business objectives
  • Demonstrated leadership capabilities with experience in managing and developing revenue teams
  • Flexibility and adaptability in a fast-paced environment with the ability to lead change initiatives and respond to evolving market conditions
  • In-depth knowledge of hospitality industry regulations, revenue management principles, and commercial strategy best practices

Job Qualifications

  • Bachelor's degree in hospitality management, Business Administration, or a related field
  • An advanced degree or professional certification in revenue management or commercial strategy highly desired
  • Minimum of 4 years' experience in commercial or revenue management
  • Proven experience in revenue management or commercial strategy development within the hospitality industry, with a strong leadership background
  • Strong analytical and data interpretation skills with the ability to translate insights into actionable revenue strategies
  • Proficiency with revenue management system software (e.g., IDeaS), commercial strategy tools, and customer relationship management (CRM) systems
  • Excellent interpersonal and communication skills with the ability to influence and collaborate with cross-functional teams at various levels
  • Strategic thinker focused on driving revenue growth, improving market share, and achieving key business objectives
  • Demonstrated leadership capabilities with experience in managing and developing revenue teams
  • Flexibility and adaptability in a fast-paced environment with the ability to lead change initiatives and respond to evolving market conditions
  • In-depth knowledge of hospitality industry regulations, revenue management principles, and commercial strategy best practices

Job Duties

  • Lead the development and execution of commercial and revenue strategies to drive revenue growth and profitability for the property
  • Collaborate closely with property-level teams including the general manager, sales, marketing, operations and finance to align commercial strategies with the hotel's overall business objectives
  • Conduct in-depth analysis of key performance indicators, market trends, and competitor pricing to identify opportunities for improvement and optimize strategies
  • Utilize demand forecasting, booking trends, and historical data to optimize pricing, inventory allocation, and distribution channels for the property
  • Oversee the implementation of sales and marketing initiatives that complement revenue management goals and enhance the hotel's market position
  • Establish and maintain relationships with distribution partners, online travel agencies (OTAs), global distribution systems (GDS), and other key channels to maximize the property's visibility and revenue potential
  • Develop strategies for group bookings, corporate accounts, and other key revenue-generating contracts in collaboration with the property team
  • Stay informed about industry trends, technological advancements, and emerging best practices in revenue management and commercial strategy to continuously refine strategies and drive performance
  • Provide leadership and mentorship to the property's commercial team, ensuring adherence to best practices and alignment with commercial objectives

Job Location

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