Now Hiring - Davidson Hospitality Group - Travel Area Director of Revenue Management in Fort Worth, TX
Travel Area Director of Revenue Management in Fort Worth, TX
Benefits:
yesLocation:
Fort Worth, TXFull description of the position
Summary:
- Develop and implement revenue management strategies to optimize hotel revenue and achieve financial targets
- Conduct competitive market analysis to identify opportunities and recommend pricing strategies
- Collaborate with sales and marketing teams to develop promotions and packages to drive revenue
- Utilize revenue management systems and tools to analyze data and make informed pricing decisions
- Monitor and forecast demand trends to effectively manage inventory and availability
- Identify new revenue streams and business opportunities to drive profitability
- Provide guidance and training to hotel staff on revenue management best practices
- Stay updated on industry trends and competitor activities to maintain a competitive edge
Join our team and be part of an innovative and dynamic environment where your expertise in revenue management will make a significant impact. Apply now to become an Area Director of Revenue Managment and drive our success in achieving revenue goals.
- Maximize room revenue, profit and market share associated with rooms.
- Manage the processes associated with demand, revenue, forecasting, and opportunity analysis in addition to inventory management.
- Continually train and develop Hotel/Regional Directors of Revenue Management to perform at a higher level.
- Identifies future market trends and hotel opportunities and effectively communicates through reports and updates.
- Coordinates and participates in Revenue Management meetings.
- Ensures that a strategic mix of business and pricing strategies are set for each hotel based on market conditions to maximize revenue and profitability.
- Continuous analysis of competitive sets, pricing positions, market conditions, seasonality and mix.
- Define action plan if planned financial targets are not met.
- Collaborate with key business partners to define annual promotion calendar and identify promotional key success indicators, as well as plan targets for next year.
- Use all Yield Management and reporting tools available to maximize efforts.
- Manage property participation and production through relevant Internet sites and other distribution channels.
- Work in liaison with hotel sales and reservations departments.
- Plan effectively within the revenue management function and integrate with Sales, Marketing, Finance and Operations.
- Ensure that the Senior Leadership Team is kept up to date on accurate revenue forecasting and pricing strategies, as well as product and promotion performance.
- Present Senior Leadership Team with pricing strategies and forecasted impacts.
- Drive revenue through promotions and placement with distribution partners.
- Ensure compliance with brand standards as well as SHG standards and procedures.
- Utilize systems and resources including One Yield, MRDW, HPP, and CI/TY.
- Review STR reports and provide analysis of hotel performance against their comp set.
- Travel regularly to the hotels.
Exceptional service and customer relations skills with ability to foster effective relationships with staff, management and clientele.- Excellent verbal and written communication skills and ability to communicate ideas and concepts.
- Highly proficient in computers including, but not limited to Internet, Microsoft Office programs and hotel sales related programs.
- Strong facilitation and presentation skills.
- Bachelor's degree in hospitality, business, or a related field (preferred)
- Previous experience in revenue management, preferably in the hotel or hospitality industry
- Strong analytical and problem-solving skills
- Proficiency in revenue management systems and tools
- Excellent communication and interpersonal skills
- Ability to work independently and collaborate with cross-functional teams
- Detail-oriented with a focus on data accuracy
- Knowledge of market trends and industry dynamics
Davidson Hospitality Group is an award-winning, full-service hospitality management company overseeing hotels, restaurants, dining and entertainment venues across the US. A trusted partner and preferred operator for Hilton, Hyatt, Kimpton, Marriott, and Margaritaville, Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. In keeping with the company’s heritage of delivering value, Davidson is comprised of four highly specialized operating verticals: Davidson Hotels, Pivot, Davidson Resorts and Davidson Restaurant Group.
In keeping with the company’s heritage of delivering value to its owners and team members, Davidson offers a rich benefit program with a variety of benefits designed to enrich the lives and well-being of our team members and their families.
- Three Tiers of Medical Coverage
- Dental & Vision Coverage
- 24/7 Teledoc service
- Free Maintenance Medications
- Pet Insurance
- Hotel Discounts
- Tuition Reimbursement
- Paid Time Off (vacation, sick, bereavement, and Holidays).
- 401K Match
Working at Davidson is like nowhere else. It’s less of a job, more of a calling. It’s part career, part revolution. Because whatever you do here, you play a part in helping redefine the way quality hospitality is delivered to our guests, our clients, our partners, and each other.
EOE AA- Minorities/Females/Vet/Disability/Gender Identity/Sexual Orientation
Davidson Hospitality is a drug free workplace. Pre-employment drug test and background check required. We participate in E-Verify.
Davidson Hospitality Group
5001 to 10000 Employees
1974
Hotels & Resorts
Hotels & Travel Accommodation
www.davidsonhospitality.com
$1 to $5 billion (USD)
16 Yes (amount not posted)
Davidson Hospitality Group
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Davidson Hospitality Group
16 Yes (amount not posted)