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For Companies At a Glance
- Tasks: Lead revenue management and pricing strategies for a unique hotel in London.
- Company: Join a forward-thinking company dedicated to building sustainable communities and innovative partnerships.
- Benefits: Enjoy staff rates at Hilton hotels, development opportunities, and exclusive company incentives.
- Why this job: Be part of a dynamic team making a real impact in the hospitality industry.
- Qualifications: Bachelor's or Master's degree in relevant fields and 3+ years in hotel revenue management required.
- Other info: Work in a vibrant location near iconic landmarks with a focus on community values.
The predicted salary is between 36000 - 60000 £ per year.
Our culture
Working in collaboration nationwide, we make a daily difference at street level, with landmark developments, innovative partnerships and a progressive, long-term view of the future. For a decade, we have been driven by our ethos of creating and investing in strong, vibrant, sustainable communities. Today, we are more than an award-winning, forward-thinking business. We encompass charitable values, taking action in the community. And we are a trusted partner, forging links across the public and private sectors.
Our vision
To invest in a better society where everyone is welcome.
Our mission
We invest in design and create the future of the urban environment, harnessing the partnerships that underpin the UK.
About the hotel
Curio Collection by Hilton is a global set of remarkable upper upscale hotels handpicked for their unique character and personality; each one a part of the fabric of the city it calls home. Lost Property is the seventh Curio Collection hotel opened in London. Located on Ludgate Hill, just on the corner of St Paul’s cathedral, one of the most iconic London landmarks, Lost Property hotel has 145 bedrooms, a restaurant and bar called Found, a coffee house called Tattle, and a gym.
Our Found restaurant has been nominated for the World Culinary Awards in the Best New Restaurant category and shortlisted for the Best F&B Marketing Campaign at HMA, Hotel Marketing Awards. The hotel has also won Boutique Hotel of the Year in London title at the Travel & Hospitality Awards 2023.
What we offer
Friendly, people-focused team
Excellent Company incentives including Your Inspirational Stay, when you can spend a night in the hotel and enjoy dinner, bed and breakfast with a plus one (T&C's apply)
Development opportunity across the Dominus hotels portfolio, including several Marriott and Hilton brands
Staff rate across all Hilton brands and across the Dominus hotel portfolio
Staff events and recognition schemes
Access to Employee Assistance Programme (EAP)
About the role
We are seeking a highly analytical and dynamic Revenue Manager to oversee revenue management for our renowned hotel located in the heart of the City. This role involves spearheading revenue optimization and strategic pricing efforts to enhance the excellent performance of this distinct property. The successful candidate will be instrumental in crafting and implementing innovative revenue strategies tailored to the unique market and opportunities presented by the location.
Key Responsibilities
- Develop and implement revenue management strategy in coordination with the General Managers and sales teams.
- Maintain and use all systems efficiently to drive performance.
- Manage weekly and monthly forecasting of occupancy, rate, and revenue for the hotel.
- Set pricing and stay controls, optimizing revenue for the relevant segments.
- Oversee the distribution strategy and manage channel profitability.
- Prepare revenue reports and present findings and recommendations to senior management.
- Conduct competitive analysis and anticipate market shifts.
- Train and mentor hotel staff on revenue optimization concepts and the use of revenue management tools.
- Work closely with the sales and marketing teams to develop promotions and strategic partnerships.
- Support hotel commercial meetings with new business ideas and effective performance reviews.
- Identify, quantify, and strategize peak demand periods to support the right strategies over key days of the week, and special events.
- Identify, quantify, and strategize on off-peak demand periods to support the right strategies to maximise revenue delivery.
Key Skills
- Strong analytical skills with the ability to analyse data and identify trends
- Practical experience in commercial revenue management
- Proficiency in Excel, PowerPoint, and Word
- Excellent command of the English language
- Expertise in planning, organizing, communication, and influencing
- Commercial mindset with a proactive sales approach
Qualifications and Requirements
- Bachelor’s or Master’s degree in Hotel Management, Tourism, or Economics is desired
- 3+ years of hands-on experience in Hotel Revenue Management is essential
- Experience in hotel, area, or corporate roles related to distribution or revenue management
- Proven expertise in using Hilton’s revenue management systems including OnQ, R&I and GRO is an advantage
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills, with the ability to interact effectively with all levels of management
- Proficient in MS Office, especially Excel
- Proven ability to impact and influence hotel commercial decisions
If you would like to join a people-focused team and be part of a growing hotel portfolio, we look forward to hearing from you!
Revenue Manager employer: Lost Property, St Paul's - Curio Collection by Hilton
Contact Detail:
Lost Property, St Paul's - Curio Collection by Hilton Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Manager
✨Tip Number 1
Familiarise yourself with the specific revenue management systems mentioned in the job description, such as Hilton's OnQ and R&I. Having a solid understanding of these tools will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Research the local market trends and competitive landscape around St Paul’s Cathedral. Being able to discuss how you would approach revenue optimisation in this unique location during your interview will show your proactive mindset and strategic thinking.
✨Tip Number 3
Prepare to share examples of how you've successfully implemented revenue strategies in previous roles. Highlighting your hands-on experience in hotel revenue management will help you stand out as a candidate who can deliver results.
✨Tip Number 4
Network with professionals in the hospitality industry, especially those who have worked in revenue management roles. Building connections can provide you with valuable insights and potentially lead to referrals that could enhance your application.
We think you need these skills to ace Revenue Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in revenue management, particularly in the hotel industry. Emphasise your analytical skills and any specific software you have used, such as Hilton's revenue management systems.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the hospitality industry and how your background aligns with the company's mission of creating vibrant communities. Mention specific achievements in revenue optimisation that demonstrate your capability.
Showcase Analytical Skills: Provide examples in your application that showcase your strong analytical skills. Discuss how you've used data to drive decisions in previous roles, especially in forecasting and pricing strategies.
Highlight Team Collaboration: Since the role involves working closely with various teams, mention your experience in collaborating with sales and marketing teams. Highlight any successful projects where teamwork led to improved revenue outcomes.
How to prepare for a job interview at Lost Property, St Paul's - Curio Collection by Hilton
✨Showcase Your Analytical Skills
As a Revenue Manager, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data to drive revenue decisions in your previous roles. Highlight any tools or systems you've used, especially if they relate to hotel revenue management.
✨Understand the Market
Research the hotel and its location thoroughly before the interview. Understand the competitive landscape and be ready to discuss how you would approach revenue optimisation for this specific property. This shows your proactive mindset and commercial awareness.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think about potential peak and off-peak strategies you could implement for the hotel. Prepare to explain your thought process and how you would adapt to market shifts.
✨Demonstrate Team Collaboration
The role involves working closely with various teams, including sales and marketing. Be ready to share examples of how you've successfully collaborated with others in the past to achieve common goals, particularly in revenue management contexts.
