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- Tasks: Lead hotel revenue optimisation strategies across Europe and support team development.
- Company: Join Preferred Hotel Group, a leader in global hospitality and revenue management.
- Benefits: Enjoy a full-time role with opportunities for travel and professional growth.
- Why this job: Be part of a dynamic team driving revenue success in the exciting travel industry.
- Qualifications: 8+ years in revenue management, with strong analytical and communication skills required.
- Other info: Office-based role in London with necessary tech support provided.
The predicted salary is between 54000 - 84000 ÂŁ per year.
1 month ago Be among the first 25 applicants General Summary The experience expected from applicants, as well as additional skills and qualifications needed for this job are listed below. The General Summary 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. Further, he/she ensures all member hotels in the European region are maximizing their full revenue potential through the Preferred Hotel Group (PHG) distribution platform. The Vice President creates and maintains functional standards and requirements globally and implements them for the Hotel Revenue Optimization (HRO) function in the European Region. ORGANIZATIONAL RELATIONSHIP Under the direct supervision of the Senior Vice President, Revenue Optimization & Distribution, the Vice President, Hotel Revenue Optimization works closely with the Chief Revenue Officer, EVP Europe, Vice Presidents, Hotel Revenue Optimization in other global regions, Executive Director – Reservations & Distribution, Senior Director of Central Services and Regional Directors and, globally, department heads across all Commercial departments. The Vice President provides functional oversight to the HRO team in the Europe. Duties & Responsibilities Distribution Platform: Ensure that internal and external clients are aware of system enhancements and opportunities. Provide regular insight into internal system enhancements (i.e., CRS, Analytical reporting, Company intranet, etc.) and opportunities for improvement to department heads where applicable. Revenue Account Management Certification: Maintain and update PTG Certification program; develop the program to include ongoing certification requirements. Ensure that all new HROs in Europe receive the support and training required to complete certification at the designated milestones. Subject Matter Expert and Owner: Facilitates escalation of delinquent travel agent commission payments by hotels to agents in coordination with third party vendors supporting such services; Key contributor to Financial Technology development and knowledge with CRS provider across PTG and member hotels; Key Third Party (i.e., Online Travel Agent, Wholesaler, etc.) distribution partner relationships owned and coordinated through PTG; and other projects as identified by the Senior Vice President of Revenue Optimization & Distribution. Regional Support: Provide functional support to the Regional HRO team including training, coaching, regular meetings and communication. Plan and execute Regional Revenue Meetings. Report on and analyze company production by channel and region including Pace and Historical viewpoints. Coordinate structure and requirements for hotel business reviews and participation levels with PTG. PTG Management: Assist with projects related to PTG corporate goals as assigned. Participate in weekly distribution calls and annual strategy meetings. Provides development support in new hotel acquisition assists in key account support where needed from the Executive Vice President. Consulting Services: Establish high level revenue management consultancy services to offer to member hotels with the goal to generate a profit for PTG. Work in combination with Preferred Hospitality Services to coordinate and offer these as part of the PTG product line. Qualifications The Person : Expert in Revenue Management and Distribution Analytical; data driven Commercially astute and profit driven Travel industry knowledge and practice Excellent communicator and presentation skills Proven track record in delivering success through teamwork Role Requirements 8 years’ work experience including management of teams 4+ years’ experience in travel industry in a Senior Revenue Management and/or Distribution position with team management and P&L responsibilities Tangible track record of growing revenues and improving department/company profitability Bachelor’s degree Approximately 25% travel Technical Qualifications Proficient – Microsoft Office Products (Word, Excel, PowerPoint) Experience with multiple central reservation systems and revenue management systems WORKING CONDITIONS This is an office-based role in PTG offices at 5th Floor, The Prow, 1 Wilder Walk, London W1B 5AP, United Kingdom. Preferred will offer all technology requirements as needed. Required Training Orientation in London Completion of PHG Revenue Management Certification PHG internal tools such as Outlook, CRM, Reporting system DISCLAIMER The above information on this description has been designed to indicate the general nature and level of work performed by associates within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.Seniority level Seniority levelExecutive Employment type Employment typeFull-time Job function Job functionManagement and Manufacturing IndustriesHospitality Referrals increase your chances of interviewing at Preferred Travel Group by 2x Sign in to set job alerts for “Head of Hospitality” roles. 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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 hospitality and revenue management sectors. Attend industry events or webinars where you can meet potential colleagues or mentors who can provide insights into the role and possibly refer you to opportunities at StudySmarter.
✨Tip Number 2
Familiarise yourself with the latest trends in revenue optimisation and distribution platforms. Being knowledgeable about current technologies and strategies will not only help you stand out but also demonstrate your commitment to the field during interviews.
✨Tip Number 3
Prepare to discuss your previous successes in revenue management, particularly any quantifiable results you've achieved. Highlighting specific examples of how you've improved profitability or optimised revenue will make a strong impression on the hiring team.
✨Tip Number 4
Engage with our company culture by following StudySmarter on social media and participating in discussions. This will give you a better understanding of our values and help you tailor your approach when you apply for the Vice President position.
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 relevant experience in revenue management and distribution, particularly within the travel industry. Use specific metrics to demonstrate your success in growing revenues and improving profitability.
Craft a Compelling Cover Letter: In your cover letter, emphasise your expertise in revenue optimisation and your ability to lead teams. Mention any specific achievements that align with the responsibilities outlined in the job description, such as managing P&L or implementing successful strategies.
Showcase Your Analytical Skills: Since the role requires strong analytical skills, include examples of how you've used data to drive decisions in previous roles. Highlight any experience with central reservation systems and revenue management systems.
Prepare for Potential Questions: Anticipate questions related to your experience in the travel industry and your approach to revenue management. Be ready to discuss specific challenges you've faced and how you overcame them, as well as your vision for optimising revenue in a hotel context.
How to prepare for a job interview at Preferred Travel Group
✨Showcase Your Revenue Management Expertise
As a Vice President in Hotel Revenue Optimization, it's crucial to demonstrate your deep understanding of revenue management principles. Be prepared to discuss specific strategies you've implemented in the past that led to increased profitability and how you can apply those insights to the role.
✨Highlight Your Leadership Experience
This position requires managing teams, so be ready to share examples of how you've successfully led teams in the travel industry. Discuss your approach to coaching and developing team members, as well as how you've fostered collaboration to achieve common goals.
✨Prepare for Technical Questions
Given the technical qualifications required, brush up on your knowledge of central reservation systems and revenue management tools. Be ready to explain how you've used these technologies to drive results and improve operational efficiency in previous roles.
✨Demonstrate Your Analytical Skills
The role is data-driven, so come prepared with examples of how you've used analytics to inform decision-making. Discuss specific metrics you've tracked and how you've leveraged data to optimise revenue and distribution strategies in your previous positions.
