Regional Director Of Revenue Management

HHM Hotels

Regional Director Of Revenue Management

Washington D.C., DC
Full Time
Paid
  • Responsibilities

    Regional Director of Revenue Management HHM Hotels is searching for a Regional Director of Revenue Management to develop sales and distribution strategies, maximizing revenue across select-service and full-service hotels in the area. Career Path: Corporate Director of Revenue Management - Vice President of Revenue Management Benefits and Perks at HHM Hotels: • Medical, Dental, and Vision Health Insurance • Paid Time Off • 401(k) Company Match • Free Basic Life Insurance • Travel Discounts • Commuter Transit and Parking Benefits • Bonuses and Incentives • Employee Assistance and Wellness Program • Educational/Professional Development • Technology Reimbursements Responsibilities: • Train, manage, and mentor other Area Directors of Revenue Management in performing these functions. • Control room rates and availability in accordance with established guidelines to maximize occupancy and revenues. • Develop, communicate, and implement sales strategies, mix of business, channel management, pricing strategies, as well as reservations systems and related policies. • Prepare for and conduct weekly Revenue Management meetings involving rate and inventory strategies, transient/group pace, competitive business analysis, and financial forecasts. • Initiate short and long-term revenue forecasts and generate weekly and monthly critiques, identifying areas of opportunity and strategies to improve revenue and overall profitability. • Measure and analyze booking trends, pickup, no-shows, and sources of business. • Manage and produce rate strategy tiers, booking pace by Market Segment, GDS, inventory, and monthly results. • Work with the different departments to ensure similar goals, and action plans to achieve optimum revenue management. • Work promptly and accurately during times of high pressure. • Interview, select, train, schedule, coach, and support associates, ensuring they perform in accordance with established brand or hotel standards and consistent with HHM core values. • Establish and maintain meaningful external and internal relationships. • Perform other duties as requested by management. Qualifications: • Associate’s or Bachelor’s Degree in Hospitality or a related field. • At least 4 years of experience in the Revenue Management discipline. • DC experience is preferred. • Major brand experience is required (Marriott, Hilton, Hyatt). • Experience using the following Revenue Management tools with a high level of skill: applicable PMS, CRS, Revenue Management Systems, Microsoft Office, Smith Travel Reports, Rubicon Marketvision or TravelclickRateView, and Hotelligence 360. Compensation: $170,000 - $190,000 yearly

    • Train, manage, and mentor other Area Directors of Revenue Management in performing these functions. • Control room rates and availability in accordance with established guidelines to maximize occupancy and revenues. • Develop, communicate, and implement sales strategies, mix of business, channel management, pricing strategies, as well as reservations systems and related policies. • Prepare for and conduct weekly Revenue Management meetings involving rate and inventory strategies, transient/group pace, competitive business analysis, and financial forecasts. • Initiate short and long-term revenue forecasts and generate weekly and monthly critiques, identifying areas of opportunity and strategies to improve revenue and overall profitability. • Measure and analyze booking trends, pickup, no-shows, and sources of business. • Manage and produce rate strategy tiers, booking pace by Market Segment, GDS, inventory, and monthly results. • Work with the different departments to ensure similar goals, and action plans to achieve optimum revenue management. • Work promptly and accurately during times of high pressure. • Interview, select, train, schedule, coach, and support associates, ensuring they perform in accordance with established brand or hotel standards and consistent with HHM core values.  • Establish and maintain meaningful external and internal relationships. • Perform other duties as requested by management.

  • Compensation
    $170,000-$190,000 per year