Hotel Revenue Manager – Forecasting, Pricing & Growth

Lore Group; Washington (District of Columbia); On-site; USD 68,000 - 70,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Six complimentary nights per year at a

Employee and immediate family rates

Lore Group restaurant and bar discount

Paid vacation days and holidays

Job summary

Lore Group’s Riggs Washington DC property seeks a Revenue Manager to forecast demand, manage RMS/PMS systems, and optimize rate loading and inventory. You will track RevPAR, ADR, and occupancy, report insights to leadership, and stay ahead of market trends to identify opportunities and threats.

The role collaborates with Sales, Marketing, Reservations, and Front Office to align pricing with hotel goals. The position offers a comprehensive benefits package and professional development

Responsibilities

• Data Analysis: Analyze historical data, market trends, and competitive intelligence to forecast demand and identify revenue opportunities.
• Forecasting: Utilize data to create a rolling forecast.
• Revenue and Operation Systems: Manage and maintain the hotel’s revenue management system (RMS) and property management system (PMS), ensuring accurate data entry and system functionality. Ensuring that all rates are correctly loaded into the PMS, and accurately complete rate loading/mapping in central reservation system-Sabre, including rate plans, restrictions, and channel configurations, so that the rates are viewable in the proper channels of sale.
• Performance Monitoring: Track KPIs such as RevPAR, ADR, and occupancy rates, and provide regular reports to management.
• Market Research: Conduct market research to stay updated on industry trends, competitor strategies, and economic factors impacting hotel performance. Review the hotels’ comp-set rates on brand websites to monitor market placement. Conduct ongoing analysis of competitor pricing, positioning, and promotional strategies to identify market opportunities and threats.
• Inventory Management: Optimize room inventory and allocation strategies to balance demand across different market segments.
• Collaboration: Work closely with the sales, marketing, reservation, and front office teams to ensure alignment of pricing strategies with overall hotel objectives.
• Reporting: Generate daily, weekly, and monthly revenue reports for senior management, highlighting key insights and recommendations
• Actively Participate in weekly sales and revenue management meetings.
• Over see revenue analyst when necessary.

Job description

Lore Group’s Riggs Washington DC property seeks a Revenue Manager to forecast demand, manage RMS/PMS systems, and optimize rate loading and inventory. You will track RevPAR, ADR, and occupancy, report insights to leadership, and stay ahead of market trends to identify opportunities and threats.

The role collaborates with Sales, Marketing, Reservations, and Front Office to align pricing with hotel goals. The position offers a comprehensive benefits package and professional development