Schulte Hospitality Group, a fast-growing, national hotel management company with a diverse portfolio of over 150 hotels is seeking a highly talented Vice President of Revenue Management to join our Corporate Office located in Louisville, Kentucky. We're looking for motivated individuals who have a passion for the hospitality industry and embrace integrity, service, grit, respect, empowerment, ambition and teamwork - all of the core values that cultivate our winning culture of success.. The VP of Revenue Management is responsible for maximizing room revenue through the development and implementation of effective inventory management and pricing strategies for multiple hotel properties. Examples include establishing strategies designed to increase top-line revenue, support sales and operations teams with associated revenue management issues, and participate in annual budgeting. The VP of Revenue Management will create forecasts and conduct on-going competitor price/product analysis to ensure competitive rate positioning and product offerings at each hotel property.. Maximize room revenue, profit and market share associated with rooms.. Manage the processes associated with demand, revenue, forecasting, and opportunity analysis in addition to inventory management.. Continually train and develop Hotel/Regional Directors of Revenue Management to perform at a higher level.. Identifies future market trends and hotel opportunities and effectively communicates through reports and updates.. Coordinates and participates in Revenue Management meetings.. Ensures that a strategic mix of business and pricing strategies are set for each hotel based on market conditions to maximize revenue and profitability.. Continuous analysis of competitive sets, pricing positions, market conditions, seasonality and mix.. Define action plan if planned financial targets are not met.. Collaborate with key business partners to define annual promotion calendar and identify promotional key success indicators, as well as plan targets for next year.. Use all Yield Management and reporting tools available to maximize efforts.. Manage property participation and production through relevant Internet sites and other distribution channels.. Work in liaison with hotel sales and reservations departments.. Plan effectively within the revenue management function and integrate with Sales, Marketing, Finance and Operations.. Ensure that the Senior Leadership Team is kept up to date on accurate revenue forecasting and pricing strategies, as well as product and promotion performance.. Present Senior Leadership Team with pricing strategies and forecasted impacts.. Drive revenue through promotions and placement with distribution partners.. Ensure compliance with brand standards as well as SHG standards and procedures.. Utilize systems and resources including One Yield, MRDW, HPP, CI/TY, GRO and R&I.. Review STR reports and provide analysis of hotel performance against their comp set.. Travel regularly to the hotels.. EDUCATION AND EXPERIENCE:. Bachelor's in Hotel Management, Business and/or related degree required. Minimum of 4 years in executive leadership in Revenue Management discipline. Minimum of five (5) years revenue management experience with Marriott, Hilton, IHG or Starwood - with a strong preference for Marriott or Hilton based on company growth primarily with these chains.. Experience with hotel sales software such as CI/TY preferred. Exceptional service and customer relations skills with ability to foster effective relationships with staff, management and clientele.. Excellent verbal and written communication skills and ability to communicate ideas and concepts.. Highly proficient in computers including, but not limited to Internet, Microsoft Office programs and hotel sales related programs.. Schulte Hospitalty Group is a professional hotel management and development company managing hotels in several states and including great... KNOWLEDGE, SKILLS AND ABILITIES: JOB DUTIES & RESPONSIBILITIES:
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