Director Of Revenue Management

Posted 13 Days Ago
Be an Early Applicant
San Diego, CA, USA
In-Office
155K-180K Annually
Senior level
Real Estate • Hospitality
The Role
Direct hotel revenue management by forecasting demand, optimizing room and catering pricing, managing inventory and distribution channels, analyzing competitors, and monitoring revenue performance. Leads revenue strategy meetings, supports budgeting and business planning, maintains historical data, produces performance reports, and collaborates with sales, marketing, and hotel leadership to increase market share and profitability.
Summary Generated by Built In

About Us

Embodying Southern California’s laid-back style, the Wyndham San Diego Bayside pairs a refreshingly vintage vibe with all the modern-day essentials that San Diego visitors crave. Here at the Wyndham San Diego Bayside, we pride ourselves on our diverse culture and the amazing benefits of becoming an associate! Join our team of diverse individuals that work together to create lasting memories for our guests. We offer free lunch, discounted parking and a welcoming environment for all of our associates.

Don't meet every single requirement of this job? At HEI we are dedicated to building a diverse and inclusive workplace, so if you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, we encourage you to still send in your information. You may be the perfect candidate for this or for other roles within our organization!
We value U.S. military experience and invite all qualified military candidates to apply.

Compensation

Salary Range: $155,000.00 - $180,000.00 Annually

Tipped/Service Charge Eligible? No

Discretionary Performance Bonus Eligible? Yes

Overview

Optimize room and catering revenue through the development and implementation of effective inventory management and pricing strategies. Monitor all distribution channels to ensure effective selling. Analyze reports to understand future demand forecast and past trends and translate this information to set/adjust strategies leading to increased market share.

Essential Duties and Responsibilities

  • Optimize RevPAR by analyzing/forecasting demand and establishing effective selling strategies, oversell strategies, and optimal market mix, including group, transient, wholesale catering revenues etc.

  • Manage and update current selling strategies and product information in all available distribution channels/reservation sources (onsite, third-party reservation providers, call centers, websites, GDS, etc.)

  • Facilitate Daily and Weekly Sales and Revenue Strategy meetings.

  • Conduct ongoing competitor price and product analyses to ensure proper rate positioning and product offering relative to competition.

  • Actively participate in budgeting and business planning for the Food and Beverage department including Catering, and any other revenue generating department.

  • Work with the Regional Director of Revenue Management in recommending and implementing of Revenue Management programs and new initiatives at the hotel.

  • Active participant in all pricing decisions for transient, group, and wholesale segments.

  • Work with the hotel DOSM and hotel team to establish strategies to increase revenue of both rooms and catering.

  • Contribute to the financial success of the hotel via participation in annual budgeting and sales and marketing plan process.

  • Generate and distribute daily, weekly, and monthly revenue management reports  and present results from all segments including internet channels.

  • Maintain historical statistical data from all distribution channels, in all market segments.

  • Continually monitor all pertinent travel related websites to ensure competitiveness in both availability and price.

  • Comply with attendance rules and be available to work on a regular basis.

  • Perform any other job-related duties as assigned.

Qualifications and Skills      

  • At least five years revenue management experience, sales experience preferred.

  • Bachelor's Degree in Hotel Administration, Business, Statistics, Marketing, Finance or relevant field of work preferred.

  • Strong analytical skills, ability to identify relevant data and use it to draw inferences with reference to impact on hotels revenues.

  • Ability to quickly adapt to a constantly changing market with a revenue positive effect.

  • Ability to use PMS, reservation and revenue management systems and Delphi systems to implement optimal strategies. Proficiency in Microsoft Office, strength in Word and Excel.

  • Effective verbal and written communication skills. Ability to adapt communication style to suit different audiences, such as effectively communicating with supervisors, coworkers, public etc.

Benefits

HEI Hotels and Resorts is committed to providing a comprehensive benefit program that offers you choices for your physical, mental and financial wellness, creating value in your most important investment - you!
For your physical and mental wellness we offer competitive Medical and Dental 
programs through Anthem Blue Cross Blue Shield as well as Vision insurance programs ​through EyeMed. ​Our Vacation, Sick and Holiday programs are available for you to rejuvenate with time off. HEI also provides pet insurance through the ASPCA. For your financial wellness, HEI provides a wide array of coverage, including Supplemental, Spousal and Child Life insurance as well as Short and Long-Term Disability plans. Our 401(k) Savings Plan with matching funds, and discounts through our 'YouDecide' and Hotel Room Discount programs provide additional incentives for choosing HEI as the employer of your future. Specific details and eligibility of these programs vary by location and employment status. 

HEI Hotels and Resorts is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

Applicants with arrest or Conviction records will be considered for Employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers, the San Francisco Fair Chance Ordinance and the California Fair Chance Act.

Skills Required

  • At least five years of revenue management experience
  • Sales experience
  • Bachelor's degree in Hotel Administration, Business, Statistics, Marketing, Finance, or a relevant field
  • Strong analytical skills and ability to interpret data for hotel revenue impact
  • Ability to adapt quickly to changing market conditions while improving revenue
  • Experience using PMS, reservation, revenue management, and Delphi systems
  • Proficiency in Microsoft Office, particularly Word and Excel
  • Effective verbal and written communication skills
  • Ability to adapt communication style for different audiences
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The Company
HQ: Norwalk, CT
1,416 Employees
Year Founded: 1985

What We Do

Founded in 1985, HEI Hotels & Resorts is one of the nation's leading privately held hotel investment and third-party management companies. The company owns or operates over 100 luxury, upper-upscale, and upscale independent and branded hotels and resorts throughout the United States. They specialize in maximizing the value of hotel real estate within key urban, super-suburban, and resort locations across the country.

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