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For Companies At a Glance
- Tasks: Assist in maximising revenue opportunities for hotels through data analysis and strategic recommendations.
- Company: Join Aimbridge Hospitality, a global leader managing over 1,550 hotels worldwide.
- Benefits: Enjoy competitive pay, medical coverage, paid time off, and daily pay options.
- Why this job: Be part of a dynamic team in a vibrant NYC hotel, enhancing your analytical and communication skills.
- Qualifications: College degree required; knowledge of hotel revenue management and Excel skills preferred.
- Other info: This role is based in New York City, not remote.
The Revenue Analyst assists the General Manager and hotel leadership in the identification and maximization of all potential revenue opportunities for an assigned hotel or group of hotels.
Responsibilities
- Understand and identify brand pricing, promotional, marketing, and eCommerce initiatives and recommendations that should be implemented not only for compliance but to maximize revenues.
- Perform numerical analysis of data and formulate conclusions and solutions, relaying to constituents in a logical, well-organized manner.
- Effectively present information in one-on-one and group situations to peers and hotel teams.
- Complete applicable training in respective hospitality systems and processes.
- Prepare and analyze daily demand reports as well as reports for weekly revenue strategy meetings as necessary.
- Analyze reports for future strategy opportunities.
- Complete Group Displacements when needed.
- Adjust any rate and inventory controls that need to be modified and communicate to the strategy teams.
- Assist with the implementation of annual strategic pricing including rate loading.
- Schedule and analyze market pricing reports to determine pricing opportunities and competitive set compression.
- Develop understanding of TravelClick 360 reports for trends, booking windows, and sources of business as well as rates compared to competition.
- Work to communicate sales strategy for day, week, month, and rolling 12 months; share any strategic changes with appropriate audiences.
- Analyze prior night successes: Did the hotel sell out? Were the right decisions made for overselling?
- Place test calls to Central Reservation Office (CRO) and property to ensure accuracy of rate quoting, restrictions, and selling approach.
- Monitor hotel website, OTA’s, and GDS channels for accuracy of rate quoting, restrictions, and selling approach.
- Work with the strategy team to project future transient demand and analyze actual performance vs. potential to identify future revenue opportunities.
- Attend meetings/trainings and/or perform other duties as requested by management.
Qualifications
- College degree required.
- Previous knowledge of hotel revenue management preferred.
- Working knowledge of Microsoft Office Products with a prerequisite in Excel formulating and reporting required.
- Must have the ability to assimilate complex information and data from disparate sources and consider adjustments to meet the constraints of the particular need.
- Must be able to work with and understand financial information and data and basic arithmetic functions.
- Excellent presentation, written, and verbal communication skills to convey information and ideas clearly.
- Strong organizational management and ability to handle multiple responsibilities at any given time.
- Approach all encounters with owners, guests, and associates in a friendly, objective, and service-oriented manner.
- Comply at all times with Aimbridge Hospitality standards and regulations to encourage professional, safe, and efficient operations.
Benefits
- After an initial waiting period, those hired into full-time positions are eligible for a competitive benefits package that includes the following:
- Now offering Daily Pay! Ask your Recruiter for more details.
- Medical, Dental, and Vision Coverage.
- Short-Term and Long-Term Disability Income.
- Term Life and AD&D Insurance.
- Paid Time Off.
- Employee Assistance Program.
- 401k Retirement Plan.
Compensation
- Min USD $29.63/Hr.
- Mid USD $37.03/Hr.
- Max USD $47.40/Hr.
Area Hotel Revenue Analyst employer: Aimbridge Hospitality
Contact Detail:
Aimbridge Hospitality Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Area Hotel Revenue Analyst
✨Tip Number 1
Familiarise yourself with the Marriott brand and its revenue management systems. Understanding their specific pricing strategies and promotional initiatives will give you an edge during interviews.
✨Tip Number 2
Brush up on your Excel skills, especially in data analysis and reporting. Being able to demonstrate your proficiency in creating complex spreadsheets and interpreting data will be crucial for this role.
✨Tip Number 3
Prepare to discuss your critical thinking skills and how you've used them in past roles. Be ready to provide examples of how you've analysed data to make informed decisions that maximised revenue.
✨Tip Number 4
Network with professionals in the hospitality industry, particularly those who work in revenue management. Building connections can provide insights into the role and may even lead to referrals.
We think you need these skills to ace Area Hotel Revenue Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure to customise your CV to highlight relevant experience in hotel revenue management. Emphasise any previous roles where you maximised revenue opportunities or worked with Marriott branded hotels.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific skills such as your proficiency in Excel and your ability to analyse financial data, which are crucial for this position.
Showcase Communication Skills: Since excellent communication skills are essential, provide examples in your application of how you've effectively presented information in past roles, whether in one-on-one situations or group settings.
Highlight Analytical Abilities: Demonstrate your analytical skills by discussing any experience you have with numerical analysis and reporting. Mention specific tools or reports you've used, like TravelClick 360, to show your familiarity with industry standards.
How to prepare for a job interview at Aimbridge Hospitality
✨Showcase Your Analytical Skills
As a Revenue Analyst, you'll need to demonstrate your ability to analyse complex data. Be prepared to discuss specific examples of how you've used data analysis in previous roles to drive revenue or improve performance.
✨Familiarise Yourself with Hotel Revenue Management
Since prior knowledge of hotel revenue management is preferred, make sure you brush up on key concepts and terminology. Understanding brand pricing, promotional strategies, and eCommerce initiatives will help you stand out.
✨Prepare for Technical Questions
Expect questions related to Microsoft Excel and other Office products. Be ready to explain how you've used these tools to create reports, charts, and presentations that convey information clearly and effectively.
✨Demonstrate Strong Communication Skills
You'll need excellent verbal and written communication skills for this role. Practice articulating your thoughts clearly and concisely, and be prepared to present information in a way that engages your audience.
