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Revenue Manager

Location: 

Parsippany, NJ, US

Property Name:  Parsippany - 22 Sylvan Way
Req Id:  7816

Wyndham Hotels & Resorts is now seeking a Revenue Manager to join our team at the Parsippany - 22 Sylvan Way location in ParsippanyNew Jersey.

Job Summary

 

As part of Wyndham Hotels & Resorts’ dynamic revenue management team, the Revenue Manager is responsible for optimizing room revenue for an assigned portfolio of hotels by strategically managing pricing, inventory, and channel distribution.  This candidate has the ability to successfully position properties in markets through pricing and yield management, and perform analysis on price positioning, competitive set performance, and strategic planning of rate products.

 

Responsibilities

 

Perform analysis and develop hotel strategies and tactics to optimize revenues.  Including but not limited to the following:

  • Historical and future demand analysis
  • Business mix analysis
  • Competitive set analysis
  • Group displacement analysis
  • Price-Value comparison
  • Potential property visit as determined necessary

 

Change hotel rates and inventory restrictions, by day, to ensure the property is properly priced in the market. Including but not limited to:

  • Setting/managing rates by season, rate category and by room type
  • Maintaining channel parity
  • Monitoring competitive pricing and responding accordingly
  • Group displacement analysis
  • Manage inventory restrictions (MLOS)

 

Conduct regular revenue meetings, via phone, with property leadership.  Track and communicate the effectiveness of defined strategies and tactics making recommendations for on-going adjustments:

  • Weekly tracking / status reports
  • End of month reviews

 

Additional ad hoc analysis and/or project work as requested by Wyndham Hotels & Resorts revenue management leadership

 

 

Education & Experience

 

Experience/Certificates/Education

 

  • Bachelors degree required;  focus in Economics, Business, Finance, or Statistics preferred
  • 2-3 years of successful progressive experience in a revenue management, finance, strategy, or hotel operations role
  • Experience using hotel industry or travel industry inventory systems is a plus

 

Abilities/Key Competencies/Skills

 

  • Understanding of hotel or travel industry distribution landscape and systems
  • Strong analytical skills and ability to translate and present metrics into actionable proposals
  • Highly proficient in Excel; experience with business intelligence/reporting tools to pull data and reports
  • Above average organizational skills; ability to successfully manage multiple activities in parallel, across various management levels
  • Above average communication skills; ability to confidently and clearly interact remotely with property and brand resources; convey ideas clearly in voice and in writing
  • Ability to analyze and present findings from quantitative data; can assimilate information and data from disparate sources and consider, adjust or modify to meet the constraints of the particular need
  • Must be able to show initiative in job performance, including anticipating what needs to be done before it becomes a necessity
  • Must have a basic understanding of financial terms and P&L statements
  • Must maintain composure and objectivity under pressure

 

COMPANY OVERVIEW:
Wyndham Hotels & Resorts is the largest hotel franchisor in the world and a leading hotel management company.  We stand 20 brands strong across 9,000 hotels in more than 80 countries, and we offer the most diverse collection of hotel experiences in the world.  Our iconic brands, united by the richest and simplest rewards program in the business, make hotel travel possible for all.

Our hotel owners are the stewards of our brands, and together, we champion everyday travelers.  We believe guests deserve great experiences, and our robust portfolio—distinguished by our leading economy and midscale brands—delivers just that.

We are AmericInn® by Wyndham, Baymont® by Wyndham, Days Inn® by Wyndham, Dazzler® by Wyndham, Dolce Hotels and Resorts® by Wyndham, Esplendor® Boutique Hotels by Wyndham, Hawthorn Suites by Wyndham®, Howard Johnson® by Wyndham, La Quinta® Inns & Suites, Microtel  by Wyndham®, Ramada Encore by Wyndham, Ramada Worldwide® by Wyndham, Super 8® by Wyndham, The Trademark Collection® by Wyndham, Travelodge® by Wyndham, TRYP by Wyndham®, Wingate by Wyndham®, Wyndham Garden®, Wyndham Grand® and Wyndham Hotels and Resorts®.

Headquartered in Parsippany, N.J. with offices around the globe in London, Shanghai, Buenos Aires, Dubai and more, Wyndham Hotels & Resorts employs approximately 15,000 team members worldwide.

Our Company is an Equal Employment Opportunity Employer.

Job Location: Parsippany - 22 Sylvan Way22 Sylvan WayParsippanyNew Jersey  07054
Employment Status: Full-time

What we expect from you

• Bring your best every day

• Put our guests first

• Strive to exceed expectations in all you do

What you can expect from us

• Best-in-class training and career development

• Supportive and engaged team

• Fast paced fun environment

About Wyndham

Wyndham Hotels & Resorts is the champion of the everyday traveler. Through the largest and widest collection of hotel experiences in the world, we work to make hotel travel possible for all. Wherever and however people travel, Wyndham will be there to welcome them.


Nearest Major Market: New York City
Nearest Secondary Market: Newark