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Property Revenue Manager

Best Western Hotels & Resorts

Property Revenue Manager

Phoenix, AZ
Full Time
Paid
  • Responsibilities

    Job Description

    JOB PURPOSE:

    Acts as primary property revenue manager for a portfolio of Best Western Hotels. Provides revenue management services directly to assigned properties with 60% of their annual goal surrounding the hotels performance increasing year over year.  Tasked with driving RevPAR Index % CHG for each hotel using a variety of proven Revenue Management tactics.

    ESSENTIAL JOB RESULTS:

    Acts as primary consultant for a portfolio of hotels on pricing strategy, rate strategy and yield management. Identify and develop revenue opportunities and perform competitive market analyses on a weekly basis.  Consult with hotels on corporate, group and negotiated rates.

    Practical advanced knowledge in conducting weekly yield management meetings to identify the success of prior week and the price/inventory strategies for future weeks. Collaborates with hotel representatives each week and then implements the agreed upon strategy in hotel PM system and a variety of BW or External systems.

    Practical advanced knowledge to create and maintain demand forecasts and pace reports for each property.

    Must have functional working knowledge of up to 5 property management systems in order to modify and conduct all rate changes daily/weekly on behalf of the assigned hotels. Must have working functional knowledge of standard industry tools including Smith Travel Research reports.

  • Qualifications

    Qualifications

     

    QUALIFICATIONS:

    • Minimum 5 years’ experience as a property, regional or corporate level revenue manager.
    • Preferred multi-property experience.

    EDUCATION:

    • Bachelor’s Degree in Hospitality Management, Business, Marketing or related field, or equivalent experience.

    SKILLS:

    • A Certified Hotel Revenue Manager (CHRM) or Certified Revenue Management Executive (CRME) certification or the ability to acquire either certification within one year.
    • Ability to effectively communicate.
    • Strong analytical skills.
    • Strong public speaking/communication skills.
    • Attention to detail.
    • Ability to work from home uninterrupted.
    • Self-starter with excellent work ethic, salesmanship, interpersonal, and communications skills.  Adaptable in rapidly changing business. Excellent multitasking skills.
    • Strong technical skills with Microsoft Office.

    ACCOUNTABILITY

    • Receives tactical direction on duties, service standards and goals.
    • Exerts a positive impact on revenue generation.
    • Uses indirect influence to promote compliance with programs, standards and policies.
    • Leadership
    • Conveys sense of purpose and motivates others to accomplish goals.

    Knowledge

    • Basic competition and industry knowledge.
    • Well rounded professional know-how to meet technical standards.
    • Deals with concepts and complexity comfortably.

     

    RELATIONSHIP MANAGEMENT

    • Convinces others to accept new concepts and approaches.

    PROBLEM SOLVING

    • Resolves defined problems and probes known sources for answers.
    • Makes sound and productive decisions based on analysis, experience and judgment.

    OTHER REQUIREMENTS

    • Up to 25% travel required.
    • Passport may be required

     

    Additional Information

    All your information will be kept confidential according to EEO guidelines.