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Director Revenue Management

Company Description

Fairmont Breakers is a beloved feature of the Long Beach skyline, a historic landmark with a character and soul of its own. Originally opened in the roaring twenties as a lavish hotel on the waterfront, Breakers was a sought-after destination for world-famous stars. Following an extensive renovation, Fairmont Breakers returns as Long Beach’s only luxury hotel, restoring one of California’s most storied properties to its original grandeur. It offers 185 boutique rooms and suites; a rooftop pool and terrace; an open-air rooftop lounge with 360-degree views of the Pacific; a blissful two-story spa, wellness and fitness center; dining venues and bars including a live jazz club; and 10,000 square feet of indoor and outdoor function space. Whether exploring the comforts of elevated coastal Italian cuisine in Nettuno or dining among the stars with champagne and caviar in Sky Room, Fairmont Breakers aims to delight all of your senses with artful surroundings and innovative offerings from our culinary team.

Why work for Accor?
We are far more than a worldwide leader. We welcome you as you are and you can find a job and brand that matches your personality. We support you to grow and learn every day, making sure that work brings purpose to your life, so that during your journey with us, you can continue to explore Accor’s limitless possibilities.

By joining Accor, every chapter of your story is yours to write and together we can imagine tomorrow's hospitality. Discover the life that awaits you at Accor, visit https://careers.accor.com/

Do what you love, care for the world, dare to challenge the status quo! #BELIMITLESS

This experience begins with a new kind of workplace, one where the energy is contagious, the stories are invigorating, and the challenges present inspiring opportunities to make your mark.

Job Description

Classification:    Exempt

Note - This is an onsite position, and not remote.

JOB DESCRIPTION

The Director of Revenue Management is responsible for leading the hotel Commercial Strategy team in determining strategic vision. The DRM establishes goals and implements tactical efforts, with the goal of promoting revenue growth generation among key customer segments and revenue centers, and supporting the hotel's brand positioning and image. The role is responsible for data quality and analysis, providing gathered intelligence, and recommending revenue and e-commerce strategies to the Commercial Strategy team, as well as other corporate and ownership entities. In addition, the role ensures that inventory allocation and pricing parameters are positioned to support the overall revenue goals of the hotel, while assisting all stakeholders in maximizing profit. The role identifies and mentors RM talent in the hotel.

Responsibilities

  • Leads strategic planning and collaborates with all hotel profit generation teams to actively seek opportunities to drive incremental profit for Rooms, Restaurants, Spas, and other revenue streams.
  • Effectively communicates a compelling Total Hotel Profit Optimization vision to all relevant property leaders, fosters Revenue Management Culture within the revenue generating departments of the hotel and teaches RM concepts within the hotel.
  • Leverages Revenue Management analytics, technologies, processes, tools, and training programs to optimize hotel profits.
  • Creates short- and long-term forecasts, that yield the best decisions on pricing and yielding tactics.
  • Participates in the annual budget process and produces long term projections, as required.
  • Actively participates in ownership conversations and presentations.
  • Monitors relevant economic, market, and competitive set indicators to derive insight-led profit generation strategies.
  • Chairs and prepares materials for the weekly Revenue Management Meetings, following Brand guidelines.
  • Maximizes room revenue contribution through a thorough understanding of all booking channels and management of inventory and rate therein.
  • Optimizes pricing, promotions, and availability strategies through definition and management of all rates, rate levels, stay restrictions and other tactics, which are congruent with demand factors to target the most profitable customer segments to maximize profits.
  • Directs and manages all channel distribution strategies. Evaluates new business opportunities related to booking channels.
  • Collaborate with the Marketing team to execute, measure, evaluate and improve digital marketing efforts, to support the hotel strategic marketing plans working within the established budgets.
  • Together with the Marketing team, manages performance reviews with OTA/CTO partners, keeping up-to-date on each partner’s distribution options and extranet maintenance, to ensure optimal display of the hotel. Evaluates extranet enhancements.
  • System owner for RMS, CRS (ORS and TARS), Rate shopping system, TravelCLICK products and hotel specific platforms. Responsible for data quality and system hygiene, following Accor standards, recommendations and procedures.
  • Oversees content management in all electronic channels, liaises with hotel Marketing team to ensure regular updates of images and descriptions of hotel, room brands, outlets and services are completed.
  • Oversees relationship with GRC and Distribution services teams.
  • Maintains relationships with local market competitors to keep informed of trends and news.
  • Motivate, lead, coach and manage all aspects of team members’ performance towards achieving exceptional guest service and employee satisfaction results.
  • Other duties as assigned.

Qualifications

Note - This is an onsite position, and not remote.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions:

  • Strong communication skills, both verbal and written
  • Dynamic can-do attitude
  • Strong analytical skills and attention to detail
  • Presents a professional and polished appearance
  • Effectively deal with guests and other team members
  • Previous reservation experience highly preferred
  • Experience with Ideas G3 RMS, Opera Cloud PMS, Passkey, Delphi or Opera Sales and Catering preferred
  • Possessing the trait of being organized and multi-tasking
  • Ability to complete work within given deadlines
  • Maintain confidentiality of proprietary information and protect company assets

Required Education and Experience

  • Bachelor degree in Hotel Management, Accounting, Finance, or Mathematics preferred.
  • Minimum 2 years of Revenue Management experience

Visa Requirements: Must provide proof of current eligibility to work in the United States of America.

Additional Information

What is in it for you:

  • Salary Rate: USD $120,000 - $130,000
  • Discounted hotel rooms and food & beverage rates to employees at our sister properties around the globe.
  • We provide learning programs through our Academies to promote growth and development so that you can perform at your full potential.
  • Opportunity to develop your talent and grow within your property and across the world!
  • Ability to make a difference through our Corporate Social Responsibility activities, like Planet 21 and WATCH

Accor is proud to be an Equal Opportunity Employer EOE/M/F/V/D.

We provide an environment of trust, respect, and integrity.  A home away from home.  Where diversity and inclusion are celebrated. Privacy and personal information are protected. Through Accor’s Employee Value Proposition, we ensure fair treatment and a workplace free from discrimination & harassment.

Our commitment to Diversity & Inclusion:

We are an inclusive company and our ambition is to attract, recruit and promote diverse talent. We commit to a future where diverse identities are celebrated, and equitable and inclusive practices are woven into the fabric of everything we do as an organization.

Average salary estimate

$125000 / YEARLY (est.)
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$120000K
$130000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Director Revenue Management, AccorHotel

If you're a visionary in revenue management and looking to make a significant impact, Fairmont Breakers in Long Beach, CA is seeking a dynamic Director of Revenue Management to join their team. This unique luxury hotel, celebrated for its rich history and stunning waterfront views, needs a leader who can guide the Commercial Strategy team toward revenue growth while enhancing the hotel's brand image. Your primary role will include crafting strategic initiatives that capitalize on all revenue centers, from rooms to restaurants, ensuring a profitable operation. You'll have the opportunity to analyze market trends, yield management tactics, and work closely with departments, all while fostering a revenue management culture throughout the hotel. Collaboration with the marketing team will also be key, as you will develop digital strategies to maximize profitability. With your robust analytical skills and experience in revenue management, you will create forecasts and drive initiatives that ensure Fairmont Breakers remains a top destination in Long Beach. Not only will you contribute to the hotel's financial success, but you'll also help mentor and grow future revenue management talent. Join us in providing unforgettable experiences for our guests while working in a vibrant and supportive environment at one of California’s premier hotels!

Frequently Asked Questions (FAQs) for Director Revenue Management Role at AccorHotel
What are the responsibilities of a Director of Revenue Management at Fairmont Breakers?

As the Director of Revenue Management at Fairmont Breakers, your primary responsibilities will include leading the Commercial Strategy team to create and execute strategies that enhance revenue across various channels, participating in budget planning, making pricing recommendations, and mentoring future revenue management talent. You will also analyze market data and trends to craft initiatives that support the hotel's overall revenue goals.

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What qualifications do I need to apply for the Director of Revenue Management position at Fairmont Breakers?

To be considered for the Director of Revenue Management role at Fairmont Breakers, candidates should ideally possess a bachelor's degree in Hotel Management, Finance, or Mathematics, alongside a minimum of 2 years in revenue management. Strong analytical, communication skills, and prior experience with revenue management systems are also essential.

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How does Fairmont Breakers support its Director of Revenue Management in achieving revenue goals?

Fairmont Breakers supports its Director of Revenue Management by fostering a collaborative environment among the profit-generating teams within the hotel. You will have access to advanced revenue management analytics and tools to optimize strategies, better understand market dynamics, and engage in continual learning programs tailored to enhancing performance.

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What career growth opportunities are available for the Director of Revenue Management at Fairmont Breakers?

Fairmont Breakers offers significant career growth opportunities for its Director of Revenue Management. With a focus on development, you can advance within your role and potentially take on larger positions within Accor’s global network, leveraging extensive training programs designed to unleash your full potential.

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What is the work culture like for a Director of Revenue Management at Fairmont Breakers?

The work culture at Fairmont Breakers is vibrant and inclusive, where diversity and teamwork are celebrated. As the Director of Revenue Management, you will find an environment filled with passion for hospitality, empowering you to dare to push the boundaries of conventional hotel management while making lasting connections with colleagues and guests alike.

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Common Interview Questions for Director Revenue Management
Can you describe your experience with revenue management systems?

When answering this question, detail your hands-on experience with systems like Ideas G3 RMS, Opera Cloud, or similar platforms. Provide specific examples of how you've used these tools to analyze data and make informed pricing decisions.

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How do you approach strategic planning for revenue growth?

Discuss your methodology in strategic planning, such as conducting market analysis, collaborating with other departments, and setting measurable goals. Emphasize your ability to adapt strategies in response to economic changes.

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What strategies have you implemented in the past that resulted in increased revenue?

Be prepared to share concrete examples of successful initiatives you led or contributed to. Focus on specific actions taken, metrics used to measure success, and the resulting impact on revenue.

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How do you stay updated with market trends and economic indicators?

Talk about your methods for staying informed, such as subscribing to industry publications, attending conferences, or using tools that provide market analytics. Show your commitment to using this knowledge to inform decisions.

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Explain how you would mentor a junior team member in revenue management.

Outline your approach to mentoring, including setting clear goals, providing guidance on analytical tools, sharing best practices, and encouraging independence in problem-solving while maintaining open communication.

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What role does collaboration play in revenue management?

Highlight the importance of cross-department collaboration in your role. Discuss how engaging directly with sales, marketing, and operations teams enhances strategic decision-making and aligns efforts towards common revenue goals.

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Describe a time you faced a significant challenge in revenue management and how you overcame it.

Share a specific situation that highlights your problem-solving skills. Explain the challenge, the steps you took to address it, and what you learned from the experience.

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How do you balance immediate revenue needs with long-term strategic goals?

Discuss your understanding of both aspects and how you prioritize them. Explain your processes for setting immediate objectives that align with long-term strategies while ensuring flexibility in changing market conditions.

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What techniques do you use to optimize pricing strategies?

Talk about the techniques you utilize, such as competitor analysis, historical data evaluation, and market demand insights. Illustrate how these techniques have led to successful pricing outcomes in previous roles.

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Can you provide examples of successful digital marketing campaigns that supported revenue objectives?

Discuss any specific campaigns you were involved in, detailing the strategies employed, collaborative efforts with the marketing team, and how you measured success against revenue targets.

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