Director of Revenue Management at Fairmont Century Plaza in Los Angeles, California

Job Description:

Company Description
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Job Description
Director of Revenue Management

The Director of Revenue Management is responsible for leading the hotel RevPro teamin determining strategic vision. The DRM establishes goals and implementstactical efforts, with the goal ofpromoting revenue growth generation among key customer segments and revenue centers, and supporting the hotel's brand positioning and image. The role isresponsible for data quality and analysis, providing gathered intelligence, and recommending revenue and e-commerce strategies to the RevPro team, as well as other corporate and ownership entities. In addition, the role ensuresthat inventory allocation and pricing parameters are positioned to support the overall revenue goals of the hotel, while assisting all stakeholders in maximizing profit. The role plays a key role in supporting the Revenue Manager and mentoring RM talent in the hotel.

What is in it for you:

• Discounted hotel rooms and food & beverage rates to employees at our sister properties around the globe


• We provide learning programs through our Academies to promote growth and development so that you can perform at your full potential


• Opportunity to develop your talent and grow within your property and across the world!


• Ability to make a difference through our Corporate Social Responsibility activities, like Planet 21

What you will be doing:

• Leads strategic planning and collaborates with all hotel profit generation teams to actively seek opportunities to drive incremental profit for Rooms, Restaurants, Spas, and other revenue streams.


• Effectively communicates a compelling Total Hotel Profit Optimization vision to all relevant property leaders, fosters Revenue Management Culture within the revenue generating departments of the hotel and teaches RM concepts within the hotel.


• Leverage Revenue Management analytics, technologies, processes, tools, and training programs to optimize hotel profits.


• Creates short- and long-term forecasts, that yield the best decisions on pricing and yielding tactics


• Participates in the annual budget process and produces long term projections, as required.


• Actively participates in ownership conversations and presentations.


• Monitors relevant economic, market, and competitive set indicators to derive insight-led profit generation strategies.


• Chairs and prepares materials for the weekly Revenue Management Meetings, following Brand guidelines.


• Maximizes room revenue contribution through a thorough understanding of all booking channels and management of inventory and rate therein.


• Optimizes pricing, promotions, and availability strategies through definition and management of all rates, rate levels, stay restrictions and other tactics, which are congruent with demand factors to target the most profitable customer segments to maximize profits.


• Directs and manages all channel distribution strategies. Manages relationship with OTA/CTO partners, keeping up-to-date on each partner's distribution options and extranet maintenance to ensure optimal display of the hotel. Evaluates extranet enhancements and new business opportunities related to booking channels.


• Collaborate with the Marketing team to execute, measure, evaluate and improve digital marketing efforts, to support the hotel strategic marketing plans working within the established budgets.


• Optimizes opportunities to drive incremental revenues through upsell programs in all booking channels.


• System owner for RMS, CRS (ORS and TARS), Rate shopping system, TravelCLICK products and hotel specific platforms. Responsible for data quality and system hygiene, following Accor standards, recommendations and procedures.


• Oversees content management in all electronic channels, liaises with hotel Marketing team to ensure regular updates of images and descriptions of hotel, room brands, outlets and services are completed.


• Oversees relationship with GRC and Distribution services teams.


• Maintains relationships with local market competitors to keep informed of trends and news.


• Motivate, lead, coach and manage all aspects of team members' performance towards achieving exceptional guest service and employee satisfaction results.


• Monitors group blocks to determine rooms available for sale to transient customers. The Revenue Manager shall also understand the groups' pick up history and shall manage group cut off dates.


• Collaborates with the Director of Sales and Marketing on group rates and ceilings and selective selling guidelines.


• Effectively develops the hotel pricing and market mix strategy with the Director of Sales and Marketing.


• Provides training to Reservations and Front Desk employees on upselling and negotiating techniques.


• Follows company policies and procedures and is able to effectively communicate them to subordinates.


• Other duties as assigned.

Qualifications
Your experience and skills include:

• Minimum 4 years Director of Revenue Management experience


• Bachelor degree in Hotel Management, Accounting, Finance, or Mathematic preferred.


• Excellent analytical, organizational and planning skills


• Excellent communications and interpersonal skills


• Customer service oriented


• Previous luxury hotel experience required


• Experience with Opera, Excel, Word, iDeas, and other pertinent systems

Additional Information
Your team and working environment:
What was true in 1966 remains true to this day: The Century Plaza Hotel is part of a visionary development intent on doing what others could only imagine. Previously deemed the "Western White House," (as the only venue outside the White House to host state dinners), Century Plaza's place in history remains unshakeable. A modernized take on luxury and elevated guest experience from product to people enlivens the real wow factor.

This experience begins with a new kind of workplace, one where the energy is contagious, the stories are invigorating, and the challenges present inspiring opportunities to make your mark. We provide an environment of trust, respect, and integrity. A home away from home. Where diversity and inclusion are celebrated. Privacy and personal information are protected. Through Accor's Employee Value Proposition, we ensure fair treatment and a workplace free from discrimination & harassment.

Visa Requirements:Must provide proof of eligibility to be employed in the United States of America.

Our commitment to Diversity & Inclusion:
We are an inclusive company and our ambition is to attract, recruit and promote diverse talent.We commit to a future where diverse identities are celebrated, and equitable and inclusive practices are woven into the fabric of everything we do as an organization.

Fairmont Century Plaza is an Equal Opportunity Employer EEO M/F/V/D

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