Revenue Manager (Hotels)

Hotel Revenue Manager (Hotels)**

Aventura, FL. 33180
MIA Hospitality Management

Reports to: Director of Revenue / General Manager

MIA Hospitality Management is a premier hospitality brand committed to delivering exceptional service and unforgettable experiences for our guests. We pride ourselves on our vibrant culture and dedication to creating a positive impact in the communities we serve. As we continue to grow, we are seeking a dynamic Revenue Manager to join our team and help drive strategic revenue initiatives for our hotel.

Job Overview: The Revenue Manager will be responsible for maximizing the hotel’s revenue opportunities through effective pricing strategies, inventory management, market analysis, and distribution strategy execution. This role requires a deep understanding of revenue management principles, market trends, and consumer behavior, along with strong analytical skills and the ability to collaborate with various departments to achieve revenue goals.

Key Responsibilities:

1. Revenue Strategy Development:
- Develop and implement revenue management strategies that align with the hotel’s overall goals and objectives.
- Analyze market trends, competitor pricing, and booking patterns to identify opportunities for revenue optimization.

2. Forecasting and Reporting:
- Prepare and maintain accurate forecasting models to predict room revenue, occupancy, and average daily rate (ADR).
- Generate and analyze daily, weekly, and monthly reports on performance metrics, including revenue generation and occupancy rates.

3. Pricing Optimization:
- Establish and adjust room pricing strategies based on demand forecasts, occupancy levels, and competitive positioning.
- Collaborate with the sales and marketing teams to implement promotional initiatives and packages.

4. Inventory Management:
- Manage room inventory across all distribution channels to maximize revenue and occupancy.
- Ensure effective allocation of rooms within various market segments.

5. Stakeholder Collaboration:
- Work closely with the sales, marketing, and front office teams to align revenue management strategies with sales initiatives.
- Provide training and support to hotel staff on revenue management best practices.

6. Market Analysis:
- Conduct regular competitor analysis and market research to identify trends and opportunities in the hospitality sector.
- Utilize data analysis tools and revenue management systems to inform decision-making.

7. Performance Monitoring:
- Monitor daily and weekly booking pace, occupancy levels, and revenue performance to make adjustments as necessary.
- Produce actionable insights from data to support decision-making at various levels.

8. Continuous Improvement:
- Stay updated on industry trends, best practices, and new technology in revenue management to drive continuous improvement in processes and strategies.
- Identify and implement process enhancements to improve revenue generation capabilities.

Qualifications:

• Bachelor’s degree in hospitality management, Business Administration, Finance, or a related field.
• Minimum of 3-5 years of experience in revenue management within the hospitality industry, with a focus on hotel operations.
• Proficiency in revenue management systems, PMS (Property Management Systems), and Excel analytics.
• Strong analytical skills and the ability to interpret complex data to make strategic decisions.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with different departments.
• Proven track record of successfully maximizing revenue through strategic pricing and inventory management.
• Knowledge of forecasting and budgeting processes.
• Knowledge of Marriott and Hyatt brand standards will be a plus.

What We Offer:

- Competitive salary and performance-based bonuses.
- Comprehensive benefits package, including health, dental, and retirement plans.
- Opportunities for professional development and career growth within the company.
- A vibrant, inclusive work environment that values teamwork and innovation.

-Join us at MIA Hospitality Management and be a part of a team that is dedicated to excellence in hospitality!*

- MIA Hospitality Management is an Equal Opportunity Employer.