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- Tasks: Assist hotel leadership in maximizing revenue opportunities 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 skills while making an impact.
- Qualifications: College degree required; knowledge of hotel revenue management and Excel skills preferred.
- Other info: This position is based in New York City, not remote.
Job Summary
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
QUALIFICATIONS:
- College degree required.
- Previous knowledge of hotel revenue management preferred.
- The hotels are multiple Marriott branded hotels, prior brand/system knowledge/certifications preferred.
- This position is based out of one of the New York City hotels, not remote based.
- Working knowledge of Microsoft Office Products with a prerequisite in Excel formulating and reporting required.
- Capable of creating word documents, working charts, and spreadsheets to convey information and ideas clearly.
- Must have the ability to assimilate complex information 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.
- Use critical thinking skills to investigate changes in demand pace, production, and channel/source contribution to anticipate a response and ensure communication of critical information.
- Excellent presentation, written, and verbal communication 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.
JOB 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 (PSA Daily Detail etc.) 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.
Property Details
Our Midtown hotel provides an unbeatable location within walking distance of Columbus Circle, Radio City Music Hall, 5th Avenue, and Times Square. In-between adventures, visitors will encounter rest and rejuvenation in our modern rooms. Not only do we provide spectacular city views, we also offer complimentary Wi-Fi, plush bedding, and ergonomic workstations to meet all travel needs. Active travelers can maintain their workout routine in our spacious fitness center with cardio equipment and free weights. Guests can dine at our restaurant, Nosh!, for delectable American cuisine, handcrafted cocktails, and Starbucks coffee. When it comes to event needs, our eight venues offer sleek settings for business meetings and social soirees.
Company Overview
As the global leader in third-party hotel management, our growing portfolio represents over 1,550 hotels in all 50 states and 22 countries, from top international lodging brands to luxury hotels, destination resorts, and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality.
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.
Compensation Mid
USD $37.03/Hr.
Compensation Max
USD $47.40/Hr.
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Hotel Revenue Analyst employer: Aimbridge Hospitality
Contact Detail:
Aimbridge Hospitality Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Hotel Revenue Analyst
✨Tip Number 1
Familiarize yourself with Marriott's revenue management systems and tools. Understanding their specific processes will give you an edge during interviews and show that you're proactive about integrating into their brand.
✨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 reports can set you apart from other candidates.
✨Tip Number 3
Network with current or former employees of Marriott hotels. They can provide insights into the company culture and expectations, which can help you tailor your approach and questions during the interview.
✨Tip Number 4
Prepare to discuss specific examples of how you've used critical thinking to solve problems in previous roles. This will showcase your analytical skills and ability to adapt to changing circumstances, which are crucial for a Revenue Analyst.
We think you need these skills to ace Hotel Revenue Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications of a Hotel Revenue Analyst. Familiarize yourself with hotel revenue management concepts and the specific requirements mentioned in the job description.
Tailor Your CV: Customize your CV to highlight relevant experience in hotel revenue management, data analysis, and financial reporting. Emphasize your proficiency in Microsoft Excel and any previous work with Marriott or similar brands.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your analytical skills and ability to communicate complex information clearly. Mention specific examples of how you've maximized revenue opportunities in past roles.
Highlight Communication Skills: Since excellent presentation and communication skills are crucial for this role, ensure that your application reflects your ability to convey information effectively. Use clear and concise language throughout your documents.
How to prepare for a job interview at Aimbridge Hospitality
✨Show Your Analytical Skills
As a Hotel Revenue Analyst, you'll need to demonstrate your ability to analyze complex data. Be prepared to discuss specific examples of how you've used data analysis in previous roles to drive revenue or improve performance.
✨Familiarize Yourself with Marriott Systems
Since the position involves working with Marriott branded hotels, having prior knowledge of their systems and processes will give you an edge. Research Marriott's revenue management strategies and be ready to discuss how you can apply them.
✨Prepare for Scenario-Based Questions
Expect questions that assess your critical thinking and problem-solving skills. Prepare to discuss how you would handle specific situations related to demand changes or pricing strategies, showcasing your ability to think on your feet.
✨Communicate Clearly and Effectively
Strong communication skills are essential for this role. Practice presenting information clearly and concisely, as you may need to explain complex data to various stakeholders during the interview.
