Dual Director of Revenue Management

Negotiable
Experience
Unlimited
Job Type
Full Time
Location
United States, New York
Job Description

Additional Information: This
hotel is owned and operated by an independent franchisee, Aimbridge Hospitality.
The franchisee is a separate company and a separate employer from Marriott
International, Inc. The franchisee solely controls all aspects of the hotel’s
employment policies and practices, including hiring, firing, discipline,
staffing, compensation, benefits, and all other terms and conditions
of employment. If you accept a position at this hotel, you will be employed by
a franchisee and not by Marriott International, Inc.

style="font-style:normal;font-weight:400"> The Dual Director of Revenue
Management is responsible for developing and implementing revenue optimization
strategies for the Courtyard by Marriott Central Park and Residence Inn
by Marriott Central Park. This position oversees all aspects of pricing,
inventory management, forecasting, market analysis, and revenue strategy
to maximize RevPAR, ADR, occupancy, and overall hotel profitability.
The Director works closely with Sales, Operations, Finance, and Ownership
to ensure revenue goals align with business objectives and Marriott brand
standards.
style="font-style:normal;font-weight:400"> Essential Job Functions
style="font-style:normal;font-weight:400">
style="font-style:normal;font-weight:400"> Revenue Strategy &
Optimization

  • Develop and execute
    comprehensive revenue management strategies for both hotels.

  • Maximize room revenue through
    effective pricing, inventory controls, and distribution management.

  • Analyze market trends,
    competitor performance, and demand patterns to identify revenue opportunities.
  • Manage
    transient, group, and extended-stay business mix to achieve optimal
    profitability.

  • Monitor and adjust rates daily based on market conditions, demand forecasts,
    and booking pace.
  • style="font-style:normal;font-weight:400"> Ensure proper yielding of room
    inventory across all distribution channels.
style="font-style:normal;font-weight:400">
style="font-style:normal;font-weight:400"> Forecasting & Analysis

  • Prepare weekly, monthly,
    quarterly, and annual forecasts for occupancy, ADR, RevPAR, and revenue.
  • Conduct pace
    and pickup analyses and recommend strategic adjustments.
  • style="font-style:normal;font-weight:400"> Analyze STAR reports, Marriott
    reporting tools, and market intelligence to identify performance opportunities.
  • Prepare
    detailed revenue reports and presentations for ownership and senior leadership.
  • Monitor market
    share indices and implement action plans to improve performance.
  • style="font-style:normal;font-weight:400"> Distribution Channel
    Management
  • style="font-style:normal;font-weight:400"> Collaborate with Marriott Revenue
    Management resources to ensure alignment with brand initiatives. style="font-style:normal;font-weight:400">
  • style="font-style:normal;font-weight:400"> Sales & Marketing
    Collaboration
    style="font-style:normal;font-weight:400"> Leadership &
    Communication
    style="font-style:normal;font-weight:400"> style="font-style:normal;font-weight:400"> Financial Management

    • Assist in the preparation
      of annual budgets and long-range business plans.
    • style="font-style:normal;font-weight:400"> Identify opportunities to increase
      profitability while maintaining guest satisfaction and brand standards.
    • Monitor
      departmental expenses and ensure efficient use of resources.

    • Support ownership and management
      company initiatives related to financial performance.
    style="font-style:normal;font-weight:400"> style="font-style:normal;font-weight:400"> Qualifications style="font-style:normal;font-weight:400"> style="font-style:normal;font-weight:400"> Education & Experience:

    • Bachelor's degree
      in Hospitality Management, Business Administration, Finance, Marketing,
      or related field preferred.
    • style="font-style:normal;font-weight:400"> Minimum of 3–5 years of progressive
      revenue management experience in the hospitality industry.
    • style="font-style:normal;font-weight:400"> Marriott revenue management
      experience strongly preferred.
    • style="font-style:normal;font-weight:400"> Experience managing revenue strategy
      for multiple hotels preferred.
    • style="font-style:normal;font-weight:400"> New York City hotel market experience
      preferred.

    • Knowledge, Skills & Abilities
    • style="font-style:normal;font-weight:400"> Strong understanding of Marriott
      revenue management systems and reporting tools.
    • style="font-style:normal;font-weight:400"> Advanced proficiency in Excel,
      forecasting, and data analysis.
    • style="font-style:normal;font-weight:400"> Thorough knowledge of STR reports,
      market segmentation, and distribution channels.
    • style="font-style:normal;font-weight:400"> Excellent analytical, organizational,
      and problem-solving skills.
    • style="font-style:normal;font-weight:400"> Strong presentation and communication
      abilities.

    • Ability to influence business decisions through data-driven recommendations.
    • Ability
      to manage multiple priorities in a fast-paced environment.
    • style="font-style:normal;font-weight:400"> Performance Metrics

    • RevPAR Index (RGI)

    • Occupancy Percentage
    • Average Daily
      Rate (ADR)

    • Revenue Per Available Room (RevPAR)
    • style="font-style:normal;font-weight:400"> Market Share Growth

    • Forecast Accuracy

    • Profitability Achievement
    • Budget
      Attainment

    Physical
    Requirements

    • Ability to sit, stand, and work at a computer for extended periods.

    • Ability to attend meetings
      and conduct property walk-throughs as needed.
    • style="font-style:normal;font-weight:400"> Occasional travel may be required.
    • Reporting
      Structure

    Reports To: Area General
    Manager
    style="font-style:normal;font-weight:400"> Works Closely With: style="font-style:normal;font-weight:400">
    • style="font-style:normal;font-weight:400"> General Managers

    • Dual Director of Sales
    • Director
      of Finance

    • Front Office Leadership
    • style="font-style:normal;font-weight:400"> Marriott Revenue Management Resources
    • Ownership
      Representatives

    The Dual Director
    of Revenue Management serves as a strategic business partner responsible
    for maximizing hotel profitability and ensuring long-term revenue growth
    for both properties.

    Excellent Benefits,
    competitive pay. 401k/IRA with matching incentive.
    style="font-style:normal;font-weight:400"> style="font-style:normal;font-weight:400"> The salary range for this position
    is $145,000 to $165,000 annually.

    This company is an equal
    opportunity employer.

    frnch1

    We have an extraordinary portfolio of brands, with over 9,700 hotels and resorts under more than 30 preferred brands in the industry, covering 143 countries and regions, offering a richer selection for you to feel, experience, and explore the world.