Revenue Management Analyst

MGM Resorts; Las Vegas (NV); On-site; USD 70,000 - 105,000; Full time

Benefits offered by this job

Wellness incentive programs

Discounts with company partners (hotel

Free parking on and off shift

Health & Income Protection benefits

Professional development opportunities

Job summary

MGM Resorts in Las Vegas is seeking an Associate Revenue Manager to analyze and report on hotel financials, yield, budgeting, staffing, and strategy.

You will forecast rooms and revenue, set rates, manage blocks, prepare weekly forecast meetings, and deliver managerial reports to senior management.

Qualifications

• Bachelor's degree required.
• 1+ year of revenue management experience.
• Experience in a resort/hospitality setting preferred.
• Experience with financial analysis and accounting principles.

Responsibilities

• Forecast room revenue and set rates for market segments.
• Maximize REVPAR through inventory and pricing strategy.
• Lead weekly forecast/strategy meetings.
• Manage group/convention revenue and block utilization.
• Prepare managerial reports for executive review.

Skills

Forecasting

Revenue management

Financial analysis

Reporting

Decision making

Data analysis

Education

Bachelor's Degree

Tools

Excel

Job description

Las Vegas, Nevada

The SHOW comes alive at MGM Resorts International

Have you ever wondered what it would be like to work in a place full of excitement, diversity, and entertainment? Are you enthusiastic about being a team player in one of the most fascinating industries in the world? At MGM Resorts, we seek individuals like YOU to create unique and show-stopping experiences for our guests.

THE JOB:

The primary responsibility of the Associate Revenue Manager is to analyze and prepare various reports on all financial aspects of Hotel Operations as they relate to yielding, budgeting, staffing, scheduling, revenue generation and cost control.

THE DAY-TO-DAY:

• Responsible for forecasting rooms and revenue, setting rates, and determining availability for each market segment, maximizing total REVPAR.
• Ensures maximum exposure, inventory availability and rate/revenue opportunities are consistently maintained and monitored.
• Prepares for and leads weekly forecast/strategy meetings.
• Assists with management of block utilization to maximize revenue.
• Responsible for design and/or approval of all packages.
• Manages all group and convention activity ensuring all revenue opportunities and procedural guidelines are met.
• Provides analytical overview with regard to external trends, enhancements and marketing opportunities existing on various distribution channels.
• Provides new and insightful hotel strategy recommendations on a regular basis to senior management.
• Develops/prepares various managerial reports for executive review.
• Prepares and provides financial analysis as required.

THE IDEAL CANDIDATE:

• Have a Bachelor's Degree.
• Has 1+ Years of prior relevant experience in Revenue management experience.
• Possess strong critical thinking and problem-solving skills - Preferred
• Previous experience working in a similar resort setting - Preferred
• Experience in financial analysis, accounting principles and theories with the successful application of these concepts in a hospitality environment - Preferred

THE PERKS & BENEFITS:

• Wellness incentive programs to help you stay healthy physically and mentally
• Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more
• Free parking on and off shift
• Health & Income Protection benefits (for eligible employees)
• Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community