Strategically coordinate the revenue management processes and procedures in order to maximize total hotel revenues.
10 years experience in the key aspects of Revenue Management and Market Research. Process and procedures include:
-Develop, communicate and implement rate and inventory maximization strategies leveraging mix of business, channel management and pricing strategies.
-Manage and maintain group and transient inventory thresholds. Coordinate and assist in developing, monitoring and adjusting sales and pricing strategies.
-Prepare for and conduct weekly revenue management meetings where the appropriate booking period is evaluated for proper rate and availability controls. -Provide a synopsis of results vs. decisions from the previous seek by analyzing Smith and Travel reports, booking pace, pricing strategies, marketing opportunities and the competitive environment.
-Embrace the total hotel revenue management focus including the maximization of ancillary spend and outlets. Oversight on group and catering contribution, establishing measurements and value for function space.
-Develop, maintain and utilize reporting tools that provide effective daily analysis and accurate group/transient displacement analysis.
-Measure and analyze DOW patters, booking trends, pickup, no show and other sources of business.
-Stay abreast of market conditions and initiate competitive analysis. Analyze demand factors and provide recommendations for understanding, improving and leveraging competitive advantages and minimizing disadvantages within a market.
-Monitor hotels online appearance providing recommendations on improvement as well as ad hoc targeted digital marketing.
-Knowledgeable in and maintain a multitude of rate & inventory, revenue management and forecasting systems.
-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.
Before or after hours-freelance-hourly