La Quinta Inns & Suites Revenue Management Analyst in Irving, Texas
This position works closely with the Corporate Directors of Revenue Management in setting effective rate strategies based on current trends, available inventory and market demand with the ultimate goal of increasing their assigned Inns revenues and market share. Develop, implement, and maintain operational systems, methods, and techniques to support Revenue Management activities and responsibilities in the field and at the regional and corporate levels. This includes development of metrics, generation and review of reports, pricing, and implementation of strategies across channels to maximize profitability by property and region. Provide detailed market analysis and assist the Revenue Management team in setting effective pricing strategies which would increase room revenues for the hotels. Work in partnership with the SVP and Directors to generate and distribute daily, weekly and monthly revenue management reports. Responsible for creation of Excel spreadsheets to assist in analyzing trends and hotel performance. The travel requirements will include corporate department meetings up to 10%.
ESSENTIAL JOB FUNCTIONS:
Ad-hoc analyses for CHM RM Team.
Forecasting, STR Analysis, 3rd Party Report Review.
Daily and weekly report production for SVP and Directors CHM RM Team.
Rate & availability strategy development for Inns.
Ongoing NetRez/Rate strategy updates for assigned Inns.
Develop, execute, analyze and measure pricing strategies and channel production by property and region.
Provide strategic recommendations to assigned Inns and DRM.
Communicate results and provide measured results to Directors and Senior Vice President of Revenue Management and other Operations Vice Presidents.
Manage and update ad-hoc reporting or tools to identify opportunities.
Provide specific, actionable information to assigned Inns and Directors, Regional Vice Presidents that allow the company to maximize revenue.
Load and quality check leisure, corporate, and other rates in CRS and GDS.
Proactively analyze SRP’s on a regular basis to identify strategic opportunities.
Provide action items and measure results on a regular basis to leadership teams.
Communicate effectively best practices amongst peer group.
Create and maintain internal and external training documentation.
Manage additional projects as needed.
Bachelor’s Degree: Business Adminstration, Finance, or Economics
1-2 years Analytical experience within the Hospitatlity Insdustry
Revenue Management, Front Office Operations
MINIMUM SKILL REQUIREMENTS:
Responsible for orienting and training others, and assigning and reviewing their work. May also be responsible for acting in a “lead” or “senior” capacity over other positions performing essentially the same work, or related technical tasks and reporting to a higher level on a formal basis.
Makes recommendations or decisions which usually affect the assigned unit/division, but may at times affect operations, services, individuals, or activities of others outside of the assigned unit/division.
Analytic: Work is non-standard and widely varied requiring the interpretation and application of a variety of policies and procedures. Analytic ability and inductive thinking are required for the application of multiple, technical activities. Problem solving involves identification and analysis of diverse issues.
Analytic: Supervision is present to establish and review broad objectives relative to basic position duties or divisional responsibilities. Independent judgment is required to study previously established, often partially relevant guidelines; plan for various interrelated activities; and coordinate such activities within a work unit /division or while completing a project.
The job is expected to effectively respond to and handle unfamiliar situations with some supervisory guidance.
Entry Professional Skills: Requires entry-level knowledge of theories and practices of a professional field (e.g., fiscal, quality assurance, infection control, etc.). This level of skill is typically reserved for an individual with a four-year degree, or a high-level vocational skill demonstrated by a number of years of on-the-position experience (i.e., management). Writes reports using technical data requiring considerable interpretation, developing new methods and procedures. Frequently applies knowledge to practical issues and problems.
Problems are not easy to identify, but are similar to those seen before. Solving them requires judgment such as setting priorities, evaluating results, or coordinating with others. Solutions can often be found by using methods chosen before in similar situations.
Work requires using original and creative thinking to develop new, moderately complex results. The results generally impact several work groups, a large project or an extended customer base.
Applies established technology solutions and makes recommendations for use of technology to improve individual or small work group efficiency and effectiveness.
Serves as a lead project team member checking the work of others. An employee in this position may be responsible for training of new team members. Work is typical in nature with occasional situations requiring new solutions.
Requires regular contacts with internal persons of importance and influence involving considerable tact, discretion and persuasion in obtaining desired actions and/or the handling of difficult personal relationships.
PHYSICAL, MENTAL AND ENVIRONMENTAL DEMANDS:
Working conditions of the position are a normal office situation.
May work alone or closely with others.
Requires travel, excluding overnight stays.
Overnight travel is required 20% of the time.
Work is completed sitting at a desk or table with intermittently standing and stooping.
Requires good hearing.
Requires good near or distant vision.
Requires distinguishing colors and/or depth perception.
LQ Management L.L.C. provides equal employment opportunities to applicants and employees without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, protected veteran status, or disability.
Job: Revenue Management
Title: Revenue Management Analyst
Requisition ID: 1800006O