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Regional Vice President - Revenue Management (West Region - Branded)

Company: Michigan Job Department, Inc.
Location: Boston
Posted on: June 11, 2024

Job Description:

Regional Vice President - Revenue Management (West Region - Branded) Hotel/Resort Name Pyramid Global Hospitality Corporate Offices - Boston Posted Date 1 week ago (5/7/2024 11:03 PM) Location : Company Name Pyramid Global Hospitality Location US-MA-Boston Department Revenue Management Position Type Regular Full Time # of Openings 1 Requisition ID 2024-41067 Address 30 Rowes Wharf Postal Code 02110 About UsAt Pyramid Global Hospitality, people come first. As a company that values its employees, Pyramid Global Hospitality is dedicated to creating a supportive and inclusive work environment that fosters diversity, growth, development, and wellbeing. Our commitment to a People First culture is reflected in our approach to employee development, employee benefits and our dedication to building meaningful relationships. Pyramid Global Hospitality offers a range of employment benefits, including comprehensive health insurance, retirement plans, and paid time off, as well as unique perks such as on-site wellness programs, local discounts, and employee rates on hotel stays. In addition, Pyramid Global Hospitality is committed to providing ongoing training and development opportunities to help our people build the skills and knowledge they need to advance their careers. Whether you are just starting out in the hospitality industry or are a seasoned professional, Pyramid Global Hospitality offers a supportive and collaborative work environment that encourages growth and fosters success, in over 230 properties worldwide. Join their team and experience the benefits of working for a company that values its employees and is committed to creating exceptional guest experiences. Pyramid Global Hospitality ("Pyramid") is a leading hotel management company, operating in the US, Caribbean, and Western Europe. With portfolio revenues exceeding $3 billion, Pyramid manages 230 hotels, resorts, and conference centers, both branded and independent. The firm maintains offices in Boston (Headquarters), Cincinnati, Houston, and London. Additional information about Pyramid can be found at www.pyramidglobal.com In 2021, Pyramid and Benchmark Resorts and Hotels merged to add an additional 59 Managed or Asset Managed Resorts and over 10,000 additional team members. The two companies share the same company culture, values and philosophies. We are growing and opportunities abound! What really sets Pyramid apart from our competitors is our reputation as an employer. Professional growth is not just possible throughout the company but planned and encouraged. The Leadership Team at Pyramid consider team member development its first priority, understanding that success is only achieved in a workplace where every contributor is respected and recognized. This is why we deliver superior results. There is opportunity to work directly with senior leaders, experience stretch assignments and learn hospitality management from industry giants. You will come to know a distinctive people centric culture that is at the core of all we do. The decisions we make and the paths we take are bound by a commitment to our Owners, Associates, Customers and the Communities where we work. We attract the most talented associates in the industry, and actively encourage candidates with a "hospitality spirit" who may be thinking about a career change to join our team. OverviewThe Regional Vice President of Revenue Strategy is a key executive role responsible for overseeing revenue generation and profitability of a cluster of Branded hotels in the West Region. This position is REMOTE. The position involves working closely with the hotel management teams to develop and execute effective revenue management strategies that drive revenue growth, improve market share, and enhance profitability.Key responsibilities for this role may include:

  • Developing and implementing revenue management strategies and tactics for each property in the cluster, utilizing data-driven analysis, pricing tools, and market intelligence to optimize revenue and occupancy levels.
  • Conducting ongoing analysis of demand patterns, market trends, and competitive pricing to identify revenue opportunities and recommend changes to pricing and distribution strategies.
  • Developing and implementing sales and marketing initiatives to drive revenue growth, including group sales, direct marketing, and online distribution.
  • Providing leadership and guidance to hotel management teams, ensuring they are aligned with revenue goals and strategies.
  • Collaborating with other departments, such as finance, marketing, and operations, to ensure revenue management efforts are integrated across the organization.
  • Establishing and maintaining relationships with third-party vendors and partners, such as online travel agencies and revenue management software providers, to leverage industry expertise and technology to maximize revenue opportunities.
  • Overseeing the implementation of revenue management technology and processes to ensure optimal pricing and inventory controls are in place.
  • Conducting regular performance reviews and analysis to evaluate revenue performance and identify opportunities for improvement.Qualifications
    • A bachelor's degree in business, hospitality management, or a related field. A master's degree in a relevant field is preferred.
    • Minimum of 7-10 years of experience in revenue management or related field, with a proven track record of successfully driving revenue growth and profitability.
    • Minimum of 3 years above property revenue management experience.
    • Experience managing a revenue management team. -
    • Strong analytical skills and the ability to work with large datasets to develop insights and actionable recommendations.
    • Strong leadership and communication skills, with the ability to collaborate effectively with cross-functional teams.
    • Experience with revenue management technology and software, including revenue management systems, channel managers, and online distribution platforms.
    • Familiarity with the hotel industry in the branded hotel market.
    • Ability to travel to hotel properties within the west coast region as needed (approximately 50%)Compensation Range The compensation for this position is $165,000.00/Yr. - $175,000.00/Yr. based on qualifications and experience. Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. If you are human, leave this field blank.
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Keywords: Michigan Job Department, Inc., Boston , Regional Vice President - Revenue Management (West Region - Branded), Executive , Boston, Massachusetts

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