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Revenue Management Vice President

Company Description

Company Description

Westgate Las Vegas Resort & Casino is a premier destination offering luxury accommodations, award-winning dining, and thrilling casino action just one block from the famous Las Vegas Strip. As part of Westgate Resorts, we provide unforgettable vacation experiences across the country, from the sandy beaches of Florida to the snow-capped mountains of Utah. A leader in the timeshare and hospitality industry, Westgate offers affordable and diverse getaway options for every family and every budget. Whether guests seek high-energy entertainment in Las Vegas or a relaxing retreat at one of our other premier destinations, we deliver exceptional service and lasting memories.

Job Description

The Vice President of Revenue Management will oversee the property’s revenue management and distribution strategies and manages the day-to-day yield optimization for the hotel. The role is responsible for best practice standards to include competitor analysis; environmental scanning; market modeling; distribution yield management; business mix yield management; length of stay yield management; inventory availability by channel; pricing control and new pricing concepts. 

Job Responsibilities

  • Ensure all related systems are configured correctly, validated, and working to full capacity and the website booking process is maintained, up-to-date and functional.
  • Manage and oversee strategy for all 3rd party distribution.
  • Ensure that all room statistics reports, including financial statements, and any other related reports are accurate and consistent.
  • Collaborate with the property Sales Team to assess, analyze, and price group business strategies.
  • Analyze the overall monthly hotel performance and provide recommendations to improve short and long-term strategies.
  • Create and maintain the annual hotel budget, and rooms forecast.
  • Perform other duties and projects, as assigned by leadership.

Qualifications

Experience:

  • A minimum of 10 years of relevant experience in the casino or hospitality industry is required.
  • A minimum of 5 years leadership experience is required.

Education:

  • Bachelor’s degree in business administration, Hospitality Management, Analytics or related field is preferred.
  • Equivalent combination of education and progressive, relevant, and direct experience may be considered in lieu of minimum educational/experience requirements indicated above.

Knowledge &, Skills

  • Must have advanced proficiency utilizing LMS, channel management systems, experience integrating OTA bookings, (casino systems a plus)
  • Demonstrated experience developing department goals and action plans in accordance with property and overall company goals.
  • Ability to work effectively and communicate with all levels of leadership including senior executives and operating property leadership.
  • Must have intermediate to advanced proficiency with Microsoft Excel, Word, and PowerPoint.
  • Demonstrated experience in statistical analysis, exceptional critical thinking skills and the ability to master new concepts, technologies, and industry trends quickly.
  • Must have experience demonstrating the utmost discretion and confidentiality, this role will have access to confidential information such as customer contact information, customer financial data, and organizational financial data.
  • Proven experience making hiring decisions and designing.

Additional Information

  • Typical Physical and Mental Demands
    Requires prolonged sitting or standing up to eight (8) hours daily; effectively communicates written and orally in English must be able to effectively coordinate several activities concurrently in a high stress environment; and understands and complies with policies and procedures, job description, daily memorandums, and other instructions.
  • Typical Working Condition
    Work is performed in an office space environment and ability to tolerate varying conditions of noise level, temperature, illumination, and air quality.

Average salary estimate

$135000 / YEARLY (est.)
min
max
$120000K
$150000K

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 Revenue Management Vice President, Westgate Resorts

Are you ready to take your career to new heights as the Revenue Management Vice President at Westgate Las Vegas Resort & Casino? This isn’t just any role—this is a chance to lead revenue management and distribution strategies for a premier hotel located just a block from the famous Las Vegas Strip. At Westgate, we’re about more than just luxury accommodations and award-winning dining; we aim to provide unforgettable experiences for our guests. As the Vice President, you'll dive deep into yield optimization, ensuring that our pricing strategies and distribution are top-notch. You’ll analyze market trends and competitor actions to maintain our leading edge, all while collaborating with our Sales Team to optimize group business strategies. With a minimum of 10 years' experience in the casino or hospitality industry, including at least 5 in a leadership role, you’ll craft impressive financial strategies and maintain accurate reporting to drive the hotel's performance. If you have a passion for hospitality and a knack for analyzing data to forecast and improve our business, then your journey at Westgate could be just around the corner. Come join our dynamic team where your skills will shine in creating unforgettable guest experiences and maximizing revenue. Let’s build lasting memories together!

Frequently Asked Questions (FAQs) for Revenue Management Vice President Role at Westgate Resorts
What are the main responsibilities of the Revenue Management Vice President at Westgate Las Vegas Resort & Casino?

The Revenue Management Vice President at Westgate Las Vegas Resort & Casino is responsible for overseeing revenue management and distribution strategies. This includes analyzing market trends, optimizing pricing control, and ensuring the accuracy of financial reporting. Collaboration with the Sales Team to assess group business strategies and creating annual hotel budgets are also key duties.

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What qualifications are required for the Revenue Management Vice President position at Westgate Las Vegas Resort & Casino?

Candidates for the Revenue Management Vice President role should ideally possess a minimum of 10 years of relevant experience in the casino or hospitality industry, along with 5 years of leadership experience. A Bachelor's degree in business administration or a related field is preferred, though equivalent experience may be considered.

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How does the Revenue Management Vice President contribute to overall hotel performance at Westgate Las Vegas Resort & Casino?

The Revenue Management Vice President plays a crucial role in analyzing the hotel's monthly performance and making strategic recommendations for improvement. By optimizing yield management processes and ensuring effective distribution strategies, this position directly impacts the hotel’s revenue generation and guest satisfaction.

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What skills are essential for a Revenue Management Vice President at Westgate Las Vegas Resort & Casino?

Essential skills for the Revenue Management Vice President include advanced proficiency in LMS and channel management systems, strong analytical abilities, and excellent communication skills. Familiarity with statistical analysis and proficiency in Microsoft Excel, Word, and PowerPoint are also critical for success in this role.

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What is the work environment like for the Revenue Management Vice President at Westgate Las Vegas Resort & Casino?

The work environment for the Revenue Management Vice President is typically an office setting that requires prolonged periods of sitting or standing. The position demands effective communication and coordination in a fast-paced environment, making adaptability to varying noise levels and conditions essential.

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Common Interview Questions for Revenue Management Vice President
Can you describe your experience in revenue management within the hospitality or casino industry?

Demonstrate your understanding of revenue management principles and share specific examples of how you’ve successfully implemented strategies to drive revenue and optimize performance in your previous positions.

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What strategies would you utilize to optimize pricing control at Westgate Las Vegas Resort & Casino?

Discuss your approach to market analysis, competitive pricing strategies, and how you would leverage data to set and adjust pricing for maximum profitability and occupancy.

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How do you collaborate with other departments to achieve hotel revenue goals?

Provide examples of how effective communication with Sales, Marketing, and Operations can enhance revenue strategies. Highlight your previous experiences working cross-functionally.

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What tools or software have you used in your revenue management practices?

List relevant revenue management systems and software you are proficient in, and explain how you’ve used these tools to facilitate data-driven decision-making.

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Can you discuss a time when you had to analyze and report financial data?

Share a specific instance where you compiled financial reports and made recommendations for changes based on your analysis. Focus on the outcome of your recommendations.

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How do you stay current with industry trends that affect revenue management?

Talk about the industry resources, publications, and networking opportunities you engage with to stay informed about market trends and emerging practices.

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Describe a challenging situation you faced in your previous role and how you resolved it.

Illustrate a specific challenge related to revenue management or team dynamics. Describe your thought process and the steps you took to reach a successful resolution.

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What metrics do you believe are the most important for measuring revenue management success?

Identify key performance indicators (KPIs) that you prioritize in evaluating revenue management strategies, and explain why you believe they are critical for hotel performance.

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How do you handle pressures in a fast-paced environment like a resort or casino?

Share techniques that help you manage stress and maintain productivity, especially during peak business times, while ensuring high standards of accuracy and detail.

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Why do you want to join Westgate Las Vegas Resort & Casino as their Revenue Management Vice President?

Discuss your admiration for the company’s brand and values, and how your experience and goals align with Westgate’s mission to create unforgettable guest experiences.

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As an innovative and dynamic company, Westgate Resorts promotes a positive and fulfilling work environment by investing in its employees in many different ways. By providing a multitude of outstanding benefits, discounts, development opportunities...

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Full-time, on-site
DATE POSTED
March 15, 2025

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