Revenue Analyst

$40,560 - $49,920/Yr

Spm Agency - Richmond, VA

Full-time - Entry Level

Richmond, VA

Real Estate

About the position

As a Revenue Analyst at SPM, LLC, you will be instrumental in maximizing revenue and profitability for a portfolio of hotels. This role involves analyzing market trends, monitoring performance metrics, and providing actionable insights to enhance revenue strategies. Your expertise will support pricing decisions, inventory management, and overall revenue optimization efforts.

Responsibilities

• Collect, analyze, and interpret data related to hotel revenue, occupancy, and market trends.
• Generate regular and ad-hoc reports on revenue performance, including forecasts, budgeting, and historical analysis.
• Utilize data visualization tools to present findings and trends to management.
• Support the development and implementation of pricing strategies based on market conditions, competitor analysis, and historical performance.
• Monitor and adjust room rates and inventory to maximize revenue and occupancy.
• Collaborate with the sales and marketing teams to align revenue strategies with promotional activities.
• Track and analyze variances between forecasted and actual performance, providing supporting reports for Revenue Management team.
• Conduct regular market research to identify trends, competitor activities, and opportunities for revenue growth.
• Evaluate and report on the effectiveness of pricing strategies and promotional offers.
• Work closely with reservations, sales, and marketing teams to ensure alignment on revenue goals and strategies.
• Provide training and support to hotel staff on revenue management best practices and tools.
• Recommend and implement improvements to revenue management systems and processes.

Requirements

• Bachelor's degree in Finance, Business, Hospitality Management, or a related field.
• Proven experience in operations, data analysis, or a similar role within the hospitality industry.
• Strong analytical skills with proficiency in Microsoft Excel and data analysis tools.
• Familiarity with revenue management software and hotel property management systems (PMS) is a plus.
• Excellent communication and presentation skills, with the ability to convey complex data and recommendations clearly.
• Detail-oriented, with strong organizational skills and the ability to manage multiple priorities effectively.
• Ability to work independently and as part of a team in a fast-paced environment.

Nice-to-haves

• Experience with revenue management software and hotel property management systems (PMS).
• 1 year of experience in financial analysis and hospitality.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Disability insurance
• Life insurance
• 401(k)
• Paid time off
• Paid holidays
• Employee assistance program
• Employee discount