Regional Vice President - Revenue Management (REMOTE)
Company: Pyramid Global Hospitality Corporate Offices - Bos
Location: Boston
Posted on: May 9, 2024
Job Description:
OverviewThe Regional Vice President of Revenue Strategy is a key
executive role responsible for overseeing revenue generation and
profitability of a cluster of Branded hotels in the West Region.
The position involves working closely with the hotel management
teams to develop and execute effective revenue management
strategies that drive revenue growth, improve market share, and
enhance profitability.Key responsibilities for this role may
include:
- Developing and implementing revenue management strategies and
tactics for each property in the cluster, utilizing data-driven
analysis, pricing tools, and market intelligence to optimize
revenue and occupancy levels.
- Conducting ongoing analysis of demand patterns, market trends,
and competitive pricing to identify revenue opportunities and
recommend changes to pricing and distribution strategies.
- Developing and implementing sales and marketing initiatives to
drive revenue growth, including group sales, direct marketing, and
online distribution.
- Providing leadership and guidance to hotel management teams,
ensuring they are aligned with revenue goals and strategies.
- Collaborating with other departments, such as finance,
marketing, and operations, to ensure revenue management efforts are
integrated across the organization.
- Establishing and maintaining relationships with third-party
vendors and partners, such as online travel agencies and revenue
management software providers, to leverage industry expertise and
technology to maximize revenue opportunities.
- Overseeing the implementation of revenue management technology
and processes to ensure optimal pricing and inventory controls are
in place.
- Conducting regular performance reviews and analysis to evaluate
revenue performance and identify opportunities for
improvement.Responsibilities
- A bachelor's degree in business, hospitality management, or a
related field. A master's degree in a relevant field is
preferred.
- Minimum of 7-10 years of experience in revenue management or
related field, with a proven track record of successfully driving
revenue growth and profitability.
- Minimum of 3 years above property revenue management
experience.
- Experience managing a revenue management team.
- Strong analytical skills and the ability to work with large
datasets to develop insights and actionable recommendations.
- Strong leadership and communication skills, with the ability to
collaborate effectively with cross-functional teams.
- Experience with revenue management technology and software,
including revenue management systems, channel managers, and online
distribution platforms.
- Familiarity with the hotel industry in the branded hotel
market.
- Ability to travel to hotel properties within the west coast
region as needed (approximately 50%)
PI12faf7b61f98-31181-34425877
Keywords: Pyramid Global Hospitality Corporate Offices - Bos, Malden , Regional Vice President - Revenue Management (REMOTE), Executive , Boston, Massachusetts
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