Revenue Management Analyst

MGM Resorts International; Las Vegas (NM); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Wellness incentives

Discounts on hotel stays

Free parking

Health & income protection

Professional development opportunities

Job summary

MGM Resorts International in Las Vegas is seeking an Associate Revenue Manager to analyze and report on revenue, yield, budgeting, staffing, and cost control across hotel operations.

You will forecast rooms and revenue, set rates, monitor market segments, lead forecast meetings, and provide strategic recommendations to senior management.

Strong analytical skills and a background in hospitality are valued; a degree is required and teamwork is essential.

Qualifications

• Bachelor's degree required.
• 1+ year of revenue management experience required.
• Hospitality/revenue-management experience preferred.

Responsibilities

• Forecasts rooms and revenue, sets rates, and determines availability for market segments to maximize REVPAR.
• Monitors exposure, inventory, and rate opportunities across channels.
• Leads weekly forecast/strategy meetings.
• Manages block utilization to maximize revenue.
• Designs and/or approves package offerings.
• Oversees group and convention activity to maximize revenue and ensure guidelines are followed.
• Provides analytical overview of external trends and marketing opportunities across distribution channels.
• Delivers hotel strategy recommendations to senior management on a regular basis.
• Develops and prepares managerial reports for executive review.
• Prepares and provides financial analyses as required.

Skills

Critical thinking

Problem-solving

Forecasting

Education

Bachelor's Degree

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

View Job Description

https://mgmresorts.marketpayjobs.com/ShowJob.aspx?EntityID=2&jobcode=19399