Regional Director of Revenue Management

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POST DATE 9/18/2016
END DATE 10/18/2016

Wischermann Partners, Inc. Minneapolis, MN

Company
Wischermann Partners, Inc.
Job Classification
Full Time
Company Ref #
hc.269753
AJE Ref #
576213552
Location
Minneapolis, MN
Experience
Entry Level (0 - 2 years)
Job Type
Regular

JOB DESCRIPTION

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Wischermann Partners, Inc. is searching for a Regional Director of Revenue Management to join its team, based in Minneapolis, overseeing 3-5 hotels within its portfolio, across multiple brands. The Regional Director of Revenue Management is responsible for maximizing overall hotel revenue through the development and implementation of effective inventory and pricing strategies based on future demand forecasts, current trends and historical data. The RDORM will participate in total hotel management team. Responsibilities include: Drive Market Share and Revenue Performance through proper pricing and mix management. Develop overall pricing strategy to include all market segments and distribution channels. Provide guidance on corporate transient negotiated pricing as well as group pricing.Ensure Group Selective Sell Guidelines are updated on a regular basis. Ensure effective pricing strategies are in place that reflects asset strength relative to the competition in each market. Effectively manage inventory and pricing strategy in all distribution channels including Branded Web, 3rd Party Sites, Central Reservation Office (CRO), and Global Distribution System (GDS). Closely monitor competitive pricing and understand impact of relative pricing decisions on property performance Compile Weekly Performance Report to analyze key drivers to market share performance and understand overall effectiveness of strategies. Responsible for effective Implementation and compliance with Revenue Management Standards. Clearly communicate to hotel team strategic vision and objectives on how to drive revenues and improve performance. Ensure team members understand the concept of Revenue Management and the role of the DORM. Provide hotel team with regular updates on hotel performance to include market share, market segment, channel metrics etc. Lead the propertys weekly Revenue Management Meeting and Daily Business Review Meeting. Provide Executive Committee with regular revenue management updates. Produce accurate forecast on weekly and monthly basis (frequency determined by hotel controller).