About this opportunity
The Crescent Hotels Group lists this Area Director of Revenue Strategy | Multi-Region opportunity in burbank, California. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Description
We are seeking an experienced, strategic Area Director of Revenue Strategy to lead revenue management and commercial strategy for a portfolio of independent and IHG-branded hotels. This fully remote position partners closely with property operations and commercial teams to develop and execute strategies that maximize revenue, market share, and profitability. The ideal candidate brings strong leadership, exceptional analytical capabilities, and a deep understanding of hotel revenue management and commercial strategy.
At Crescent Hotels & Resorts, we are a team of hospitality professionals that are deeply connected to & proud of the exceptional experiences we provide for our guests. More than that, we know our Associates are the shining stars of what we do!
We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey. Whether it be our health & wellness programs, best in class learning and development or our travel discounts that ‘feed your inner explorer’, we work hard to create and deliver on what YOU need. We are ready for you to start your journey with us where You Belong. We Care. Shine Bright.
We are committed to providing you with :
Highly competitive annual salary of $120,000-$125,000 based on experience
Possible operational bonus incentive
An exceptional benefit plan for eligible associates & your family members
401K matching program for eligible associates
Flexible scheduling to allow you to focus on what is important to you
Discounts with our Crescent managed properties in North America for you & your family members
ESSENTIAL JOB FUNCTIONS:
Lead the development and implementation of revenue management and commercial strategy initiatives across multiple properties within the portfolio
Conduct regular performance reviews and analysis of key performance indicators (KPIs) to assess the effectiveness of revenue management strategies and identify areas for improvement.
Collaborate with property general managers, sales directors, and marketing managers to develop and execute integrated sales and marketing campaigns that drive revenue growth and enhance market position.
Monitor market trends, competitor pricing, and demand factors to adjust pricing strategies and optimize revenue potential for each property.
Analyze historical data, booking patterns, and demand forecasts to make informed decisions regarding pricing, inventory allocation, and distribution strategies.
Utilize revenue management systems and tools to generate reports, track performance metrics, and identify opportunities for revenue optimization across the area.
Develop and maintain strong relationships with online travel agencies (OTAs), global distribution systems (GDS), and other distribution partners to maximize visibility and reach for all properties.
Collaborate with property teams to negotiate and manage contracts with group clients, corporate accounts, and other key revenue-generating accounts.
Stay informed about emerging trends, industry developments, and technological advancements in revenue management and commercial strategy, and incorporate relevant insights into area-wide initiatives.
REQUIRED SKILLS/ABILITIES:
Proven experience in hotel revenue management and commercial strategy development, with a track record of success in a leadership or managerial role is required.
Proficiency in revenue management software, commercial strategy tools, and customer relationship management (CRM) systems such as SynXis, Duetto, and Concerto.
Experience in revenue management for both independent and IHG branded properties is highly preferred.
Experience in managing revenue strategy for multiple properties or regions within a hotel or hospitality group is highly preferred.
Strong project management skills and the ability to execute complex initiatives within established timelines and budget constraints.
Strong analytical skills with the ability to interpret complex data, identify trends, and develop actionable insights and recommendations.
Excellent communication, negotiation, and interpersonal skills, with the ability to build relationships and influence stakeholders at all levels of the organization.
Strategic thinking and problem-solving abilities, with a focus on driving revenue growth and achieving business objectives.
Leadership qualities with the ability to inspire and motivate teams toward achieving common goals and objectives.
Flexibility to adapt to changing market conditions and business priorities, and the willingness to take initiative and lead change initiatives.
Knowledge of industry regulations, revenue management principles, and commercial strategy best practices.
Bachelor's degree in Hospitality Management, Business Administration, or related field. Advanced degree or professional certification in revenue management or commercial strategy is preferred.
Previous experience working in a diverse and multicultural hospitality environment is preferred.
Willing to travel as needed.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.
Source: Crescent Hotels & Resorts
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Worksite address
burbank, CA, 91520, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.