Aimbridge Hospitality
Director Revenue Management - The Talbott Hotel - Chicago
Aimbridge Hospitality, Chicago, Illinois, United States, 60290
Job Summary
The role of the Director Revenue-Hotel is to provide direction to property teams to identify, develop, and implement all potential revenue opportunities for 1 full-service premium select and/or independent branded hotel. This role will provide integral support daily to the team for both long-term and short-term goals, system reporting and tools, and accurate forecasting to maximize the total revenue and profitability for the hotel(s) they support. This role will also be expected to participate and be a key member of the Executive Committee for the hotel as applicable. Exempt associates are expected to work as much of each workday as is necessary to complete their job responsibilities. Responsibilities
QUALIFICATIONS: High school diploma or equivalent is required. At least 5 years of progressive experience in a hotel or a related field required; or a 4-year college degree in business, statistics, revenue management, or hospitality and at least 3 years of related experience. Knowledge in Microsoft Office Products with a prerequisite in Excel formulating and reporting. Understanding of general hotel operations and the philosophy of yield management. Knowledge of branded or similar PMS system, internet and travel websites, and industry-specific reports including Travelclick and STR desired. Must be able to work with and understand financial information and data and basic arithmetic functions. Must have the ability to assimilate complex information, data, etc. from disparate sources and consider, adjust, or modify to meet the constraints of the particular need. Use critical thinking skills to investigate changes in demand, pace, production, and channel/source contribution to anticipate a response and ensure communication of critical information. Excellent presentation, written, and verbal communication to convey information and ideas clearly. Strong organizational management and ability to handle multiple responsibilities at any given time. Approach all encounters with owners, guests, and associates in a friendly, objective, and service-oriented manner. Comply at all times with Aimbridge Hospitality standards and regulations to encourage professional, safe, and efficient operations. JOB RESPONSIBILITIES: Set, manage, and collaborate with GM/DOS to input appropriate yield controls to maximize hotel's revenue from all distribution channels. Coordinate with the front office team to maximize revenue through effective inventory management, upselling, and sell-out efficiency. Collaborate with Sales and Marketing to provide consultation on strategies for negotiating and booking optimal group and catering business as well as to ensure hotel meeting space is properly utilized to maximize room and food and beverage revenue potential. Manage brand/third-party channels and relationships by working with OTA market managers on promotions and market exposure; follow up to analyze ROI on any paid placements or marketing programs to ensure the hotel is maximizing revenue. Clearly relay items/actions discussed during daily/weekly/monthly meetings and distribute meeting notes (and applicable reports) to all appropriate stakeholders in a timely manner; will be required to facilitate meetings as well. Effectively leverage, manage, and maintain the applicable Sales & Revenue Management system(s) daily operations, forecasting support, and reporting in accordance with hotel and brand Revenue Management Standards as applicable. Analyze applicable revenue reports to make Yield Management decisions and update respective inventory and rate information directly through the system(s) when necessary. Perform displacement analysis to support group sales decisions and communicate highlights and/or action plan recommendations to Revenue leadership. Place test calls to ensure accuracy of rate quoting, restrictions, and selling approach. Ensure accurate preparation and analysis of market segmentation reports, production reports, source contribution analysis, daily pick-up reports, and pace summaries. Own the compilation, distribution, and interpretation of sales and revenue data. Analyze and review monthly and weekly STR Report results understanding gains or losses of RevPAR Index and applying this knowledge to impact and predict future results and further help develop proactive strategies to gain share against the competition. Develop, monitor, and adjust group pricing strategies, preferred patterns, and need periods where necessary. Serve as key contact for questions with regard to system use and/or revenue management principles. May provide in-person training as required. Engage in the annual BT pricing process. Provide data analysis of production trends and pricing guidance to hotels to ensure alignment to annual revenue goals. In partnership with the strategy team, execute daily, weekly, and monthly 30-60-90 day forecasts and annual budget. Contribute to daily, weekly, and monthly 30-60-90 day forecast and annual budget processes. May participate in the monthly financial review (ownership invited) focused on sales revenue and P&L; level of involvement may vary based on portfolio type. Represent the hotel by participating in and/or conducting industry functions in the area as applicable. Manage and communicate group cut-off dates. Monitor the status of the hotel throughout the day. Adjust any inventory controls that need to be modified through the applicable Revenue System(s) and communicate to the strategy team. The individual in this role may develop and coach a team of Revenue professionals as applicable to the hotel size and/or structure. Perform special projects, participate on task forces and/or committees, trainings, and other responsibilities as assigned. Property Details
Located in Chicago’s Gold Coast Historic District, our newly renovated hotel is ranked “best of” by many travel sites. It’s perfect for those who appreciate the impeccable, the refined, and the clever, all delivered with an elegant wit. Just steps away from the iconic Magnificent Mile on Michigan Avenue, our hospitality is for guests who savor the finer things but are not interested in formality. Talbott Hotel is defined by its timeless modern architecture, well-appointed yet comfortable décor, and exceptional personalized customer service. We have top-of-the-line amenities and behind-the-scenes technologies, but we are most proud of the awards and accolades that praise our welcoming staff. About Evolution Hospitality
As the dedicated lifestyle vertical at Aimbridge, Evolution Hospitality creates distinct lifestyle experiences and drives performance throughout our curated collection of independent, luxury, boutique, lifestyle, and soft brand hotels, as well as restaurants, bars, and lounges throughout North America. At Evolution Hospitality, our focus on equal parts culture and results is what determines who makes the cut to be a part of this talented group, both at the corporate office and in the field. Honesty and humility are just as important as intellect and ability, and each member of the team embraces the challenge of becoming a better human being, both personally and professionally, as part of the package. And it’s this magical combination of brilliant, caring individuals that makes Evolution Hospitality the world-class operation it is today. Company Overview
As the global leader in third-party hotel management, our growing portfolio represents over 1,550 hotels in all 50 states and 22 countries, from top international lodging brands to luxury hotels, destination resorts and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results, and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality. Benefits
After an initial waiting period, those hired into full-time positions are eligible for a competitive benefits package that includes the following: Now offering
Daily Pay ! Ask your Recruiter for more details. Medical, Dental, and Vision Coverage. Short-Term and Long-Term Disability Income. Term Life and AD&D Insurance. Paid Time Off. Employee Assistance Program. 401k Retirement Plan.
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The role of the Director Revenue-Hotel is to provide direction to property teams to identify, develop, and implement all potential revenue opportunities for 1 full-service premium select and/or independent branded hotel. This role will provide integral support daily to the team for both long-term and short-term goals, system reporting and tools, and accurate forecasting to maximize the total revenue and profitability for the hotel(s) they support. This role will also be expected to participate and be a key member of the Executive Committee for the hotel as applicable. Exempt associates are expected to work as much of each workday as is necessary to complete their job responsibilities. Responsibilities
QUALIFICATIONS: High school diploma or equivalent is required. At least 5 years of progressive experience in a hotel or a related field required; or a 4-year college degree in business, statistics, revenue management, or hospitality and at least 3 years of related experience. Knowledge in Microsoft Office Products with a prerequisite in Excel formulating and reporting. Understanding of general hotel operations and the philosophy of yield management. Knowledge of branded or similar PMS system, internet and travel websites, and industry-specific reports including Travelclick and STR desired. Must be able to work with and understand financial information and data and basic arithmetic functions. Must have the ability to assimilate complex information, data, etc. from disparate sources and consider, adjust, or modify to meet the constraints of the particular need. Use critical thinking skills to investigate changes in demand, pace, production, and channel/source contribution to anticipate a response and ensure communication of critical information. Excellent presentation, written, and verbal communication to convey information and ideas clearly. Strong organizational management and ability to handle multiple responsibilities at any given time. Approach all encounters with owners, guests, and associates in a friendly, objective, and service-oriented manner. Comply at all times with Aimbridge Hospitality standards and regulations to encourage professional, safe, and efficient operations. JOB RESPONSIBILITIES: Set, manage, and collaborate with GM/DOS to input appropriate yield controls to maximize hotel's revenue from all distribution channels. Coordinate with the front office team to maximize revenue through effective inventory management, upselling, and sell-out efficiency. Collaborate with Sales and Marketing to provide consultation on strategies for negotiating and booking optimal group and catering business as well as to ensure hotel meeting space is properly utilized to maximize room and food and beverage revenue potential. Manage brand/third-party channels and relationships by working with OTA market managers on promotions and market exposure; follow up to analyze ROI on any paid placements or marketing programs to ensure the hotel is maximizing revenue. Clearly relay items/actions discussed during daily/weekly/monthly meetings and distribute meeting notes (and applicable reports) to all appropriate stakeholders in a timely manner; will be required to facilitate meetings as well. Effectively leverage, manage, and maintain the applicable Sales & Revenue Management system(s) daily operations, forecasting support, and reporting in accordance with hotel and brand Revenue Management Standards as applicable. Analyze applicable revenue reports to make Yield Management decisions and update respective inventory and rate information directly through the system(s) when necessary. Perform displacement analysis to support group sales decisions and communicate highlights and/or action plan recommendations to Revenue leadership. Place test calls to ensure accuracy of rate quoting, restrictions, and selling approach. Ensure accurate preparation and analysis of market segmentation reports, production reports, source contribution analysis, daily pick-up reports, and pace summaries. Own the compilation, distribution, and interpretation of sales and revenue data. Analyze and review monthly and weekly STR Report results understanding gains or losses of RevPAR Index and applying this knowledge to impact and predict future results and further help develop proactive strategies to gain share against the competition. Develop, monitor, and adjust group pricing strategies, preferred patterns, and need periods where necessary. Serve as key contact for questions with regard to system use and/or revenue management principles. May provide in-person training as required. Engage in the annual BT pricing process. Provide data analysis of production trends and pricing guidance to hotels to ensure alignment to annual revenue goals. In partnership with the strategy team, execute daily, weekly, and monthly 30-60-90 day forecasts and annual budget. Contribute to daily, weekly, and monthly 30-60-90 day forecast and annual budget processes. May participate in the monthly financial review (ownership invited) focused on sales revenue and P&L; level of involvement may vary based on portfolio type. Represent the hotel by participating in and/or conducting industry functions in the area as applicable. Manage and communicate group cut-off dates. Monitor the status of the hotel throughout the day. Adjust any inventory controls that need to be modified through the applicable Revenue System(s) and communicate to the strategy team. The individual in this role may develop and coach a team of Revenue professionals as applicable to the hotel size and/or structure. Perform special projects, participate on task forces and/or committees, trainings, and other responsibilities as assigned. Property Details
Located in Chicago’s Gold Coast Historic District, our newly renovated hotel is ranked “best of” by many travel sites. It’s perfect for those who appreciate the impeccable, the refined, and the clever, all delivered with an elegant wit. Just steps away from the iconic Magnificent Mile on Michigan Avenue, our hospitality is for guests who savor the finer things but are not interested in formality. Talbott Hotel is defined by its timeless modern architecture, well-appointed yet comfortable décor, and exceptional personalized customer service. We have top-of-the-line amenities and behind-the-scenes technologies, but we are most proud of the awards and accolades that praise our welcoming staff. About Evolution Hospitality
As the dedicated lifestyle vertical at Aimbridge, Evolution Hospitality creates distinct lifestyle experiences and drives performance throughout our curated collection of independent, luxury, boutique, lifestyle, and soft brand hotels, as well as restaurants, bars, and lounges throughout North America. At Evolution Hospitality, our focus on equal parts culture and results is what determines who makes the cut to be a part of this talented group, both at the corporate office and in the field. Honesty and humility are just as important as intellect and ability, and each member of the team embraces the challenge of becoming a better human being, both personally and professionally, as part of the package. And it’s this magical combination of brilliant, caring individuals that makes Evolution Hospitality the world-class operation it is today. Company Overview
As the global leader in third-party hotel management, our growing portfolio represents over 1,550 hotels in all 50 states and 22 countries, from top international lodging brands to luxury hotels, destination resorts and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results, and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality. Benefits
After an initial waiting period, those hired into full-time positions are eligible for a competitive benefits package that includes the following: Now offering
Daily Pay ! Ask your Recruiter for more details. Medical, Dental, and Vision Coverage. Short-Term and Long-Term Disability Income. Term Life and AD&D Insurance. Paid Time Off. Employee Assistance Program. 401k Retirement Plan.
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