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- Tasks: Lead revenue optimisation for hotels across Europe, ensuring maximum profitability and strategic growth.
- Company: Join Preferred Travel Group, a leader in the hospitality industry focused on revenue management.
- Benefits: Enjoy a full-time role with opportunities for travel and professional development.
- Why this job: Be part of a dynamic team driving innovation in hotel revenue strategies and making a real impact.
- Qualifications: 8+ years in management, 4+ years in senior revenue roles, and a Bachelor's degree required.
- Other info: Work from our London office with all necessary tech provided; training included.
The predicted salary is between 72000 - 108000 £ per year.
Join to apply for the Vice President, Hotel Revenue Optimization - Europe role at Preferred Travel Group. The Vice President, Hotel Revenue Optimization supports the Senior Vice President, Revenue Optimization & Distribution on strategic initiatives to ensure all member hotels globally optimize their revenue and distribution requirements. He/she ensures all member hotels in the European region maximize their full revenue potential through the Preferred Hotel Group (PHG) distribution platform. The Vice President creates and maintains global standards and requirements, implementing them for the Hotel Revenue Optimization (HRO) function in Europe.
Organizational Relationship: Under the supervision of the Senior Vice President, Revenue Optimization & Distribution, the Vice President works closely with the Chief Revenue Officer, EVP Europe, Vice Presidents in other regions, and other department heads. They provide functional oversight to the HRO team in Europe.
Key Duties & Responsibilities include:
- Ensuring awareness of system enhancements among internal and external clients, providing insights and opportunities for system improvements.
- Maintaining and developing the PTG Certification program for Revenue Management, supporting new HROs in Europe through training and certification milestones.
- Facilitating escalation of delinquent travel agent commission payments, contributing to Financial Technology development, managing third-party distribution relationships, and supporting other projects.
- Providing regional support including training, coaching, and communication; organizing revenue meetings; analyzing company production data; supporting hotel reviews and participation levels.
- Assisting with PTG projects aligned with corporate goals, participating in strategic meetings, and supporting new hotel acquisitions and key accounts.
- Establishing high-level revenue management consultancy services for member hotels, coordinating offerings with Preferred Hospitality Services.
Qualifications:
- Expertise in Revenue Management and Distribution.
- Analytical, data-driven, and commercially astute.
- Knowledge and practice in the travel industry.
- Excellent communication and presentation skills.
- Proven success in teamwork.
Role Requirements:
- Minimum 8 years of management experience, including team management.
- At least 4 years in the travel industry in senior revenue management/distribution roles with P&L responsibilities.
- Proven track record of revenue growth and profitability improvement.
- Bachelor’s degree required.
- Approximately 25% travel expected.
Technical Qualifications:
- Proficiency in Microsoft Office Suite.
- Experience with multiple reservation and revenue management systems.
Working Conditions: This role is based in PTG offices at 5th Floor, The Prow, London. All necessary technology will be provided.
Required Training:
- Orientation in London.
- Completion of PHG Revenue Management Certification.
- Training in internal tools such as Outlook, CRM, Reporting systems.
This description provides a general overview of the work; it is not exhaustive of all duties and responsibilities.
Seniority level: Executive
Employment type: Full-time
Job Function & Industry: Management and Manufacturing, Hospitality
Vice President, Hotel Revenue Optimization - Europe (London) employer: Preferred Travel Group
Contact Detail:
Preferred Travel Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vice President, Hotel Revenue Optimization - Europe (London)
✨Tip Number 1
Network with professionals in the travel and hospitality industry, especially those who have experience in revenue management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends.
✨Tip Number 2
Familiarise yourself with the Preferred Hotel Group's distribution platform and any recent enhancements. Understanding their systems will not only help you in interviews but also demonstrate your proactive approach to the role.
✨Tip Number 3
Prepare to discuss your previous successes in revenue growth and profitability improvement. Have specific examples ready that showcase your analytical skills and how you've driven results in past roles.
✨Tip Number 4
Research the current challenges facing the hotel industry in Europe, particularly in revenue management. Being knowledgeable about these issues will allow you to engage in meaningful discussions during interviews and show your strategic thinking.
We think you need these skills to ace Vice President, Hotel Revenue Optimization - Europe (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in revenue management and distribution, particularly within the travel industry. Use specific examples of how you've driven revenue growth and improved profitability in previous roles.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the key duties and responsibilities outlined in the job description. Emphasise your analytical abilities and experience in managing teams, as well as your communication skills.
Showcase Relevant Achievements: Include quantifiable achievements in your application that demonstrate your success in revenue management. For instance, mention any specific percentage increases in revenue or successful projects you led that align with the role's requirements.
Research Preferred Travel Group: Familiarise yourself with Preferred Travel Group and their approach to revenue optimisation. Mention any insights or ideas you have about their current strategies in your application to show your genuine interest in the company.
How to prepare for a job interview at Preferred Travel Group
✨Showcase Your Revenue Management Expertise
Make sure to highlight your extensive experience in revenue management and distribution during the interview. Be prepared to discuss specific strategies you've implemented in the past that led to revenue growth and profitability improvements.
✨Demonstrate Analytical Skills
Since the role requires a data-driven approach, come equipped with examples of how you've used data analysis to inform decision-making. Discuss any tools or systems you’ve worked with that helped optimise revenue for hotels.
✨Prepare for Team Management Questions
As this position involves overseeing a team, be ready to talk about your management style and experiences. Share examples of how you've successfully led teams, facilitated training, and supported team members in achieving their goals.
✨Understand the Travel Industry Landscape
Familiarise yourself with current trends and challenges in the travel industry. Being able to discuss these topics will show your passion for the field and your readiness to tackle the unique challenges faced by member hotels.
