Revenue Manager

Hotel experience is a must

Salary ranges from $80K-$85K plus bonus and benefits

OTO Development is pleased to announce a wonderful opportunity for an Revenue Manager.

What will you be doing most days?

• Maximizing property rooms revenue through the appropriate pricing and control of the hotel's room inventory.
• Formulate and execute Yield Management decisions and make adjustments accordingly that result in positive market share gains for the hotel.
• Responsible for weekly, monthly forecasts and accuracy within a 3% guideline.
• Review group blocks, monitor pick up, cut-off dates and ensure Group rates and ceilings are in places in the Sales & Catering Management System
• Maintain and provide point of contact support for all OTAs
• Prepare reports for the hotel and corporate office including: Weekly Reports, End of Month Reports, Pace Reports, Revenue Meeting Reports, etc.
• Host weekly revenue management meeting
• Attend weekly sales and operations meetings
• Monitor reservations daily
• Responsible for assisting with Wholesale reservations, maintaining inventory and rates.
• Have a thorough knowledge of the property rooms budget and forecasting process.
• Assist in developing the property marketing plan to enhance revenue through the brand
• Monitor and update rates and inventory through Kdate
• Ensure the timely and accurate loading of property rates, policies and procedures
• Audit and familiarize hotel on sales tactics and strategies of competitor properties as well as the property’s listing on other channels
• Any other assignments as determined by the City Dir. Of Revenue Management or General Manager

What are the requirements for this position?

• Bachelor’s degree in finance, accounting, business, management, or related field
• Thorough understanding of Global Distribution Systems, Hotel PMS and Hotel Property Sales and Catering Management System.
• Ability to work with people possessing different levels of hotel management skills.
• Ability to work with minimal supervision as well as part of a team.
• Ability to prioritize and manage his/her time.
• Thorough understanding and ability to establish profitability goals.
• Strong analytical and decision-making skills, including the ability to manage rate and availability to ensure hotel revenue maximization.
• Ability to analyze problems and demonstrate sound problem-solving skills.
• Good oral and written communication skills.
• Ability to read and interpret statistical data; to write routine reports and correspondence; to speak effectively before groups of customers or employees of organization; to edit grammar, spelling, punctuation, and content.
• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions and decimals; ability to compute rate, ratio, and percent; and to draw and interpret bar graphs.
• Basic accounting procedures.
• Ability to solve practical problems and deal with a variety of concrete variables; ability to research and critically analyze information
• Proficient working knowledge of Windows Office, especially Excel.

Physical Requirements for this Position

This is a largely sedentary role; however, you must be able to walk and stand for extended periods of time as the job dictates.

Travel Requirements

This position requires up to 20% travel. Travel is outside the local area and overnight

About OTO

OTO Development (OTO) is a one of the fastest growing hotel management companies in the lodging industry. As an industry leader, OTO develops, owns, and operates award-winning select-service hotels in key markets across the U.S. with brand partners: Marriott, Hilton & Hyatt. For six years, OTO has ranked on INC. 5000's list of Fastest Growing Private Companies and in 2018 was certified as a high-trust, high-performance workplace by the independent analysts at Great Place to Work Institute. We would love for you to join our team!

OTO provides competitive pay and benefit programs, including medical insurance options, dental and vison insurance, 401k with company match, company provided life insurance, tuition assistance, paid time off, paid holiday time, travel discounts, and more.

Position: Revenue Manager

Department: Revenue Management

Exempt

Position Reports to: Director of Revenue Management