Revenue Analyst

$68,619 - $68,619/Yr

Lotte New York Palace - New York, NY

Full-time - Entry Level

New York, NY

Accommodation

About the position

As a Revenue Analyst at LOTTE New York Palace, you will play a crucial role in assisting the Revenue Management team to maximize room revenue for the hotel. Your responsibilities will include data analysis, report generation, and collaboration with various hotel departments to support strategic decisions related to inventory and pricing. This position requires strong analytical skills and effective communication to ensure that revenue management decisions are well-informed and executed efficiently.

Responsibilities

• Prepare and distribute daily, weekly, and monthly reports including pickup, segmentation, and pace analysis.
• Ensure that all reports are accurate, timely, and consistent.
• Utilize competitive and revenue-related property support tools to achieve the hotel's RevPAR growth goals.
• Ensure correct placement, parity, and rate positioning on all distribution channels.
• Be knowledgeable of all special rates and promotions.
• Assist in preparation and copying of reports for distribution for the weekly Revenue Strategy Meeting.
• Attend weekly Revenue Strategy Meetings and answer questions from hotel team members regarding revenue management.
• Maintain all revenue management-related systems and conduct audit checks for inventory controls and rate parity.
• Assist in updating the Reservations team on changes in sales strategy and new promotional campaigns.
• Monitor hotel and partner systems for effective inventory and promotional rates across distribution channels.
• Analyze competition daily and weekly to identify competitor selling strategies and market trends.
• Develop new reports as needed for weekly revenue management meetings or data analysis.
• Maintain historical statistical data from all distribution channels.
• Collect industry data regarding current trends to assist in forecasting and budgeting processes.
• Analyze and present accurate trends, demand, and market conditions.
• Assist the Revenue Manager with group rates analysis.
• Update rates and selling restrictions in all distribution channels.
• Maintain an organized and clean work area.

Requirements

• Bachelor's degree in Business, Finance, Hospitality Management, or a related field.
• Strong analytical skills with proficiency in Excel and revenue management software.
• Excellent communication and presentation skills.
• Detail-oriented with strong organizational abilities.
• Ability to work collaboratively in a fast-paced environment.