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Vice President of Revenue Management and Distribution - Aspen Hospitality

Company Description

Aspen Hospitality, a division of Aspen One, owns and operates a portfolio of hotels and residences that currently consists of The Little Nell, Aspen's only Five-Star, Five-Diamond, ski-in/ski-out hotel and its affiliated Residences at The Little Nell, both of which are located at the base of Aspen Mountain; the Limelight Hotel Aspen and Limelight Hotel Snowmass in Colorado; the Limelight Hotel Ketchum near Sun Valley in Idaho and the Limelight Denver, adjacent to Denver’s Union Station. Two additional Limelight Hotels in Mammoth, California, and Boulder, Colorado, are currently in development as well as a new Nell property at Rockefeller Center in New York City. Aspen Hospitality also owns and operates the ASPENX Mountain Club and the Snowmass Mountain Club.  Aspen One is the parent company of Aspen Skiing Company, Aspen Hospitality and ASPENX and leverages its influence across all of its business units to advance climate action, community engagement and racial justice. For more information, visit www.aspenhospitality.co

Job Description

Summary
The Vice President of Revenue Management and Distribution is responsible for the overall leadership, development, deployment, and measurement of company-wide strategic and tactical revenue management initiatives. This individual will provide direction and support to the Corporate and Property teams to maximize revenue (RevPAR and RevPAR Index) profit and market share through hands-on leadership of all revenue management processes.  Build, lead, and develop a team of revenue leaders to drive future growth. This position reports to the CEO.

The budgeted salary range for this position is $190,000 - $230,000. Actual pay will be dependent on budget and experience, all our salaried roles are eligible for bonus.

Job Posting Deadline
Applications for this position will be accepted until December 29, 2024. 

Essential Job Functions
•    Evaluate the current approach to revenue management / e-commerce and recommend improvements supported by data analysis to achieve the hotel and market goals
•    Collaborate closely with stakeholders including the department heads for Sales, Digital, Brand, property General Managers, ownership/JV Partners, to ensure alignment on revenue goals and performance
•    Create a road map to ensure all hotels are effectively utilizing technology to produce results and identifying areas of deficiency
•    Analyze and interpret revenue reports, STR report, pace, Demand 360 data and other similar reports and recommend real-time strategy changes
•    Develop strategies to drive higher room revenues through implementation and evolution of our systems and processes
•    Develop and execute comprehensive revenue management strategies that optimize pricing and inventory allocation across the portfolio
•    Oversee pricing strategies for all properties, ensuring alignment with brand positioning and market demands
•    Utilize advanced data analytics and forecasting techniques to project future revenue performance and adjust strategies accordingly
•    Communicate with external vendors to ensure the successful execution of revenue management and eCommerce strategies
•    Maintain a database of all factors affecting markets and submarkets associated with the hotel portfolio, including demographics and changes in supply and demand
•    Produce ad-hoc analyses to evaluate the performance of hotel assets and seek-out opportunities for greater efficiency and better performance
•    Standardize and automate Revenue Management Systems and processes to ensure maximization of revenues across each hotel, with the greatest efficiency
•    Other duties as assigned

Qualifications

Qualifications
•    Must have a bachelor’s degree or the equivalent amount of industry experience
•    10+ Years of relevant experience in revenue management within the hospitality industry, with a proven track record of driving revenue growth
•    2 – 5 Years of Vice President Revenue Management experience 

Knowledge, Skills and Abilities
•    Proficient knowledge in Luxury, Lifestyle & Independent experience
•    Proficient in Microsoft Word, Excel and PowerPoint
•    Proficient knowledge in current and future RM tools including Duetto, Delphi, and any new tools or reports developed                                                                                                                                                  •    Proficient at statistical and competitive analysis
•    Knowledge of hospitality sales, marketing and other revenue management functions to include research, planning, market positioning, market segments, internal marketing, distribution channels, sales management, reservations and yield management
•    Excellent leadership and team management capabilities, fostering collaboration across departments
•    Exceptional communication and presentation skills, with the ability to influence stakeholders at all levels
•    Demonstrated ability to adapt to changing market dynamics and implement innovative revenue strategies
•    Strong analytical and problem-solving skills, with proficiency in revenue management systems and data analysis tools
•    Ability to lead, mentor, and develop a high-performing revenue management team to achieve departmental and organizational goals
•    Ability to analyze market trends, competitive landscape, and economic factors to identify revenue opportunities and risks
•    Excellent oral and written communication skills
•    Excellent organization skills

Additional Information

Work Environment and Physical Demands
Ability to stand, type and sit at desk/computer for most of the work shift executing repetitive movements  
No adverse or hazardous conditions 
Not required, but preferred to be able to occasionally lift, push or pull 25 lbs. individually or with assistance

Benefits 
This position is categorized as a regular full-time position eligible for the following benefits:
Enrollment dates differ across the various programs.  
•    Health, Dental and Vision Insurance Programs
•    Flexible Spending Account Programs
•    Life Insurance Programs
•    Paid Time Off Programs
•    Paid Leave Programs
•    401(k) Savings Plan
•    Employee Ski Pass and Dependent Ski Passes 
•    Other company perks

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. By accepting a position with Aspen One, Aspen Snowmass, Aspen Ventures or Aspen Hospitality you acknowledge that you are able to perform the essential functions of the job with or without reasonable accommodation.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. To request accommodation during the application and interviewing process, please contact Human Resources at 970-300-7700.         

This job description is designed to indicate the general nature and level of work. It is not designed to contain or be interpreted as a comprehensive list of all duties, responsibilities, and qualifications required of employees assigned to this job. Duties and responsibilities may change at any time with or without notice.

Aspen One is an equal opportunity employer (Minority/Female/Disabled/Veteran). At Aspen One, inclusion, equity, and diversity are fundamental to fulfilling our vision of building a better workplace and better world. From our hiring practices through the entire employee experience, we embrace and celebrate the unique experiences, perspectives and cultural backgrounds that each employee brings to the workplace. We encourage diverse points of view which allows us to develop innovative solutions to the ever-evolving world of work. Aspen One strives to foster an environment where our employees feel respected, valued and empowered, and our team members are at the forefront of helping us promote and sustain an inclusive workplace that works for all.

For an overview of Aspen One Company's benefits and other compensation visit www.aspensnowmass.com/employment/benefits-and-perks

 

 

Aspen One participates in E-Verify.

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Average salary estimate

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What You Should Know About Vice President of Revenue Management and Distribution - Aspen Hospitality, Aspen Skiing Company

Aspen Hospitality is seeking a dynamic and strategic Vice President of Revenue Management and Distribution to join our vibrant team in Denver, CO. In this pivotal role, you'll take the lead on developing and implementing comprehensive revenue management strategies across our exceptional portfolio, which includes renowned properties like The Little Nell, Limelight Hotel Aspen, and Limelight Denver. This isn’t just a job; it’s an opportunity to shape the future of revenue generation and distribution in a company that’s committed to excellence. Working closely with department heads and property teams, you’ll evaluate our current approach to revenue management and leverage advanced data analytics to drive performance. Your insights will guide the team in optimizing pricing and inventory allocation, ensuring our hotels maximize revenue while adhering to brand positioning. Our ideal candidate has over ten years of hospitality experience, including a solid background in revenue management, with the ability to mentor and lead a talented team. If you thrive in fast-paced environments and have a knack for problem-solving, we want to hear from you. Our management team is dedicated to fostering innovative revenue strategies, and as part of Aspen Hospitality, you’ll play a key role in enhancing our market share and profitability. Join us on this adventure to make meaningful contributions in a company that’s truly on the cutting edge of hospitality management. Plus, enjoy fantastic benefits designed to enhance your work-life balance, including health insurance, paid time off, and even ski passes. Ready to take on this challenge? We can’t wait to see what you’ll bring to the table!

Frequently Asked Questions (FAQs) for Vice President of Revenue Management and Distribution - Aspen Hospitality Role at Aspen Skiing Company
What responsibilities does the Vice President of Revenue Management and Distribution have at Aspen Hospitality?

The Vice President of Revenue Management and Distribution at Aspen Hospitality is responsible for leading the development, deployment, and measurement of strategic revenue management initiatives across the company. This includes analyzing market trends, collaborating with various department heads to align revenue goals, and overseeing pricing strategies for all properties. This role is critical in maximizing revenue per available room (RevPAR) through hands-on leadership.

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What qualifications are needed for the Vice President of Revenue Management and Distribution position at Aspen Hospitality?

Candidates for the Vice President of Revenue Management and Distribution position at Aspen Hospitality should have a bachelor’s degree or equivalent industry experience, along with at least ten years of relevant experience in revenue management within the hospitality sector. Additionally, having experience in a VP-level role is preferred. Proficiency with revenue management tools and strong analytical skills are also important.

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How does Aspen Hospitality promote teamwork in its Revenue Management department?

At Aspen Hospitality, teamwork is emphasized, especially within the Revenue Management department. The Vice President is expected to build, lead, and mentor a team of revenue leaders while fostering collaboration with different departments—like Sales, Marketing, and property management—to ensure alignment on revenue goals and strategies.

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What tools and systems does the Vice President of Revenue Management and Distribution use at Aspen Hospitality?

The Vice President of Revenue Management and Distribution at Aspen Hospitality will utilize various revenue management tools like Duetto and Delphi, as well as advanced data analysis techniques. These tools enable effective pricing and inventory allocation, along with the ability to interpret different market reports and adjust strategies in real-time.

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What benefits are offered to the Vice President of Revenue Management and Distribution at Aspen Hospitality?

Aspen Hospitality offers a comprehensive benefits package for the Vice President of Revenue Management and Distribution position, including health, dental, and vision insurance, a 401(k) savings plan, paid time off, and employee ski passes. These benefits are designed to support both your professional journey and personal well-being.

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Common Interview Questions for Vice President of Revenue Management and Distribution - Aspen Hospitality
Can you explain your approach to developing revenue management strategies?

In answering this question, highlight your experience with data analysis and how you've previously developed strategies based on market trends and performance metrics. Emphasize collaboration with other departments to create cohesive strategies.

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How do you ensure alignment between revenue management and sales teams?

Discuss the importance of communication and regular meetings to align on goals. Share examples of past experiences where you successfully collaborated with sales teams to optimize revenue generation efforts.

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What metrics do you prioritize when analyzing revenue performance?

Talk about key performance indicators such as RevPAR, occupancy rates, and market share. Explain how you use these metrics to inform strategic decisions and adjust tactics accordingly.

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Describe a time when you had to overcome a significant challenge in revenue management.

Offer a detailed example of a challenge you encountered and the steps you took to resolve it. Focus on your analytical skills and how you rallied your team to implement effective solutions.

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How do you keep your revenue management skills and tools updated?

Explain your commitment to ongoing education and training. Whether through workshops, webinars, or new software tools, convey your proactive approach to staying current in the industry.

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What role does technology play in your revenue management strategy?

Discuss the tools you've used, such as revenue management systems and analytics platforms. Highlight how technology has improved your ability to forecast and optimize pricing.

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How do you identify potential revenue opportunities in a competitive market?

Share methods you use to assess competitive landscapes, analyze consumer behavior, and leverage data reports to uncover new revenue streams or pricing strategies.

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What leadership style do you use when managing your revenue team?

Talk about your leadership philosophy, emphasizing collaboration, mentorship, and fostering a culture of innovation. You may mention successful team initiatives you've led.

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How would you handle a disagreement with a department head over revenue strategies?

Explain how you would prioritize open communication and find common ground. Highlight the importance of data-backed discussions to navigate disagreements effectively.

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What are your long-term goals for a revenue management department?

Discuss your vision for building a high-performing revenue management team, focusing on continuous improvement, leveraging technology, and achieving alignment with overall business objectives.

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Aspen is one of the world’s premiere destinations for inspiration and transformation at the intersection of recreation, nature, and culture. Aspen Skiing Company (“ASC”) was founded 75 years ago following World War Two in a moment of vision and re...

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DATE POSTED
December 22, 2024

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