Reporting to Revenue Managers, the RM intern is responsible for the daily follow up and actioning of tactical & operational efforts, which drive and optimize profitable revenue to the hotel rooms division. He/she ensures that inventory, pricing and distribution strategies are monitored to support the overall revenue goals of the hotel, in accordance with the brand's recommendations.
What you will be DOING:
- Analyze current and historical demand including rooms on the books, competitive set and market trends to aid in more accurate forecasting.
- Monitors transient and group booking pace to determine pricing and availability controls for all reservation distribution sources.
- Elaborate Groups quotation and arbitrate demands among hotels
- Maximize rate parity by following up Distribution Heath Score
- Keep an eye on third party intelligence sources to identify revenue opportunities (OTA, GDS, market studies)
- Revenue Culture: keep in touch with all teams to ensure revenue management principles are understood and followed.
Assists the hotel Revenue Managers with some or all these tasks:
- Daily/ weekly / monthly reporting
- Monitoring of transient and group book pace to determine pricing and availability controls for all reservation distribution sources.
- Monitoring of key indicators of hotel revenue performance
- Preparation of analysis & materials for the weekly revenue strategy meetings.
- Tracking and analysis of competitive set pricing and yield strategies.
- Edition and analysis of current and historical demand including lost business turndown, rooms on the books, competitive set and market trends to aid in more accurate forecasting.
- Monitoring of third-party intelligence sources to identify revenue opportunities (OTA, GDS, market studies). Keep current with industry changes and how it may impact demand.
- Working with Reservations and Front Desk to ensure the highest level of guest service is maintained while maximizing profit.
- Boosting the revenue culture by maintaining a strong communication with hotel teams to ensure revenue management principles are understood and followed.