What are the responsibilities and job description for the Vice President of Revenue Strategy position at Remington Hotels, LLC.?
The Vice President of Revenue Strategy will direct and assist in all aspects of revenue strategy for a portfolio of hotels, including but not limited to revenue management, distribution, and digital marketing. They will have high engagement with their counterparts in Operations, Sales and Digital Marketing and with hotel ownership groups. The VP of Revenue Strategy will support and guide the Regional Directors of Revenue Strategy and the Area Directors of Revenue Strategy in developing and implementing property-level revenue strategies for a portfolio of top-quality full service and select service hotels across multiple brands and independent hotels.
- Collaborate and work with Ownership, Operations and Sales leadership to address concerns for a hotel and work collectively to resolve them.
- Present to Owners on a monthly/quarterly/yearly basis and as needed.
- Provide specific property insight to the corporate executive team.
- Maximize total revenues and market share index through developing pricing, restrictions, mix of sales and channel visibility.
- Test and measure all rate strategies to drive RPI growth weekly, monthly and yearly
- Analyze data to interpret market trends, market dynamics, strategy changes, and optimum mix of sales, etc.
- Lead by example through Remington’s five essential guiding principles: Be Ethical, Profitable, Innovative, Tenacious and Engaging
- Participate and present in companywide calls.
- Monitor Parity across the portfolio of hotels.
- Monitor competitive pricing across all channels and products.
- Ensure the Group Pricing structure is set up for all hotels in the portfolio.
- Assist the team in understanding and applying the dynamics of local markets and demand generators.
- Assist as needed in the yearly RFP process.
- Assist as needed in the yearly budgeting process and goal setting process.
- Assist as needed in reporting to ownership.