Revenue Manager
- Oversee and guide to formulate transient and hotel inventory restrictions and pricing strategies towards the goal of increasing market share and maximizing revenues for the hotel.
- Ensure hotel’s sales strategy and pricing recommendations are implemented across all channels, Hyatt key revenue system and market segment.
- Analyze and communicate results of strategies and tactics deployed on a monthly basis to regional team, hotels team and ownership group.
- Ensure that each member of the team is deploying Hyatt corporate revenue management strategies, and following the standards outlined in the Revenue Management Standards and Procedures manual.
- Oversee the relationship with OTA market manager to maximizing revenue and marketing exposure.
- Oversee the revenue forecasting process for hotel to ensure that the accuracy of each forecast falls within Hyatt standards. Prepare the Annual Budget for hotel.
- Work with Sales team to develop and implement coordinated group pricing and inventory strategies and appropriate booking guidelines.
- Develop a coordinated pricing strategy for the sales team. Partner with the Sales leadership to ensure that each hotels strategy is aligned on an account-by-account basis.
- Facilitate and lead weekly hotel Business Optimization Meeting in accordance with Hyatt Revenue Management standards.
- Conduct regularly one on one meetings with General Manager and Director of Sales & Marketing to review past results and develop priorities for the next month/ quarter.
Quantitative Dimensions
Market share as measured on the STAR report
Revenue performance as measured against the annual budget
Revenue Management Scorecard