Revenue Manager

The Iron Horse Hotel
Milwaukee, WI Full Time
POSTED ON 4/4/2024 CLOSED ON 4/6/2024

What are the responsibilities and job description for the Revenue Manager position at The Iron Horse Hotel?

Job Requirements:

· Drive Market Share and Revenue Performance through proper pricing, segmentation mix and distribution management.

· Elevate market share rank within the competitive set.

· Lower distribution costs across all channels (CRO, GDS, Brand.com, Third Party) and drive direct bookings.

· Provide guidance on corporate transient negotiated and group pricing. Deploy on-going Group Sell Guidelines.

· Clearly communicate to hotel team strategic vision and objectives on how to drive revenues and improve performance.

· Lead the property weekly Revenue Strategy Management meeting.

· Responsible for the performance and configuration of key systems: revenue management system, central reservation system and distribution platforms.

· Produce daily, weekly & monthly performance reports along with monthly forecasts.

· Monitor, control and communication inventory levels and room rates restriction.

· Develops the budget with the General Manager and Controller.

· Reviews STR and market analysis to ensure hotel is maximizing all opportunities with strategies in place to improve areas of opportunity.

· Enhances the hotel’s community image and stays abreast of the competition, new developments and sales methods and techniques in the hotel industry to maximize sales volume and profitability.

· Conducts and/or attends meetings to maintain favorable working relationships among associates and to promote maximum morale, productivity, and efficiency.

· Performs all accountabilities in a timely and efficient manner, following established policy and projecting a favorable image of the hotel to achieve objectives, public recognition, and acceptance.

Additional Requirements:

· Due to the cyclical nature of the hospitality industry, associates may be required to work varying schedules to reflect the business needs of the hotel.

· Work with integrity, confidentiality, and discretion.

· Guide and monitor business ethics and good business practice .

· Conduct self in a most professional manner at all times to reflect the hotel standards.

· Highly organized and has the ability to plan multiple activities and meet deadlines with the ability to maintain a positive and professional demeanor at all times.

· Knowledge of Sales, Reservation and Room’s distribution functions.

· Attend all required meetings.

· Able to work alone without direct supervision.

· Maintain complete knowledge of and comply with all departmental policies/service procedures/standards.

· All other responsibilities assigned by General Manager.

Educational Requirements:

· A 4-year college degree or 6 years of relevant experience.

· A minimum of 4 years of revenue management experience.

·Reading, writing and oral proficiency in the English language.

· Must be proficient in Word, Excel, and other applicable computer systems.

Benefits:

· Quarterly Bonus

· 401(k)

· 401(k) matching

· Health, Dental, and Vision insurance

· Employee discount

· Paid time off

· Sick Time

· Cell Phone Reimbursement

Job Type: Full-time

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Employee discount
  • Health insurance
  • Life insurance
  • Paid sick time
  • Paid time off
  • Parental leave
  • Referral program
  • Retirement plan
  • Vision insurance

Experience level:

  • 10 years
  • 4 years
  • 5 years
  • 6 years
  • 7 years
  • 8 years
  • 9 years

Schedule:

  • Day shift
  • Monday to Friday

Supplemental pay types:

  • Quarterly bonus

Ability to Relocate:

  • Milwaukee, WI 53204: Relocate before starting work (Required)

Work Location: In person

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