
Revenue Strategy Manager
Required skills
- Revenue Management
- REVPAR
- profit
- business mix
- strategic plan
- customer intelligence
- competitive intelligence
- pricing
- brand value
- profit improvement
Nice to have
- hospitality industry
- Microsoft Excel
- Microsoft Excel VBA
- Power BI
- SAS Enterprise Guide
- Bilingual
Role summary
MGM Resorts International is seeking a Manager of Revenue Management Strategy to lead high-level revenue strategy and target setting, aiming to maximize REVPAR and profit. This role involves driving analysis for optimal business mix, developing strategic plans, and ensuring enterprise-wide alignment. The manager will also oversee customer and competitive intelligence, implement profit improvement initiatives, and provide mentorship and leadership to the team, fostering a high-performing and client-focused work environment. A Bachelor's degree in a related field and 3+ years of relevant experience are required, with a preference for hospitality industry experience and proficiency in tools like Excel, VBA, Power BI, and SAS Enterprise Guide.
The SHOW comes alive at MGM Resorts International
Have you ever wondered what it would be like to work in a place full of excitement, diversity, and entertainment? Are you enthusiastic about being a team player in one of the most fascinating industries in the world? At MGM Resorts, we seek individuals like YOU to create unique and show-stopping experiences for our guests.
THE JOB:
The Manager of Revenue Management Strategy collaborates with the team to lead a portion of high-level revenue strategy & target setting, driving the highest possible REVPAR and profit. This Manager will be a member of a world class Revenue Management Strategy team. Additional responsibilities include driving analysis to determine the optimal business mix, support development of a plan to achieve targets, and ensure this strategy and pricing is aligned across MGMRI. This individual may also drive customer and competitive intelligence, including benchmarking of comparable properties and researching customer statements to assess relative brand value.
THE DAY-TO-DAY:
- Drive analysis to help determine the optimal mix of business for MGMRI.
- Recommend cross property YRM strategies to Executive Director and Vice President to achieve alignment across the enterprise.
- Implement best practices to drive efficiency within the YRM department.
- Support development a high-level strategic plan to achieve REVPAR and profit targets.
- Communicate revenue strategy and performance to other corporate groups.
- Gather and analyze customer and competitive intelligence such as pricing and brand value.
- Drive and assure effective execution of various profit improvement initiatives.
- Network externally to seek innovation.
- Provide mentorship, problem resolution, and coaching to team, and create culture enabling development of high performing individuals. Instill importance of development plans and develop succession plans for future team growth. Plan, schedule, and manage the staff to promote efficiency in completing their job responsibilities.
- Create and maintain a work environment that promotes client service, teamwork, performance feedback, individual recognition, mutual respect, and employee satisfaction ensuring quality hiring, training, and succession planning processes that encompass the company’s diversity commitment.
- Perform other job-related duties as requested.
THE IDEAL CANDIDATE:
- Have a Bachelor's Degree in Business Management, Finance, or related fields, or equivalent education and experience
- Has 3+ Years of prior relevant experience in Revenue Management or related field
- Experience in hospitality industry and/or operations - Preferred
- Strong knowledge of Microsoft Excel &Microsoft Excel VBA - Preferred
- Experience using visual analytics software, preferably Microsoft Power BI - Preferred
- Experience using SAS Enterprise Guide - Preferred
- Bilingual, English as the primary or secondary language - Preferred
- Proven track record of driving business performance - Preferred
- Previous experience leading teams - Preferred
- Previous experience working in a similar resort setting - Preferred
THE PERKS & BENEFITS:
- Wellness incentive programs to help you stay healthy physically and mentally
- Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more
- Free parking on and off shift
- Health & Income Protection benefits (for eligible employees)
- Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community
VIEW JOB DESCRIPTION:
https://mgmresorts.marketpayjobs.com/ShowJob.aspx?EntityID=2&jobcode=19398
Are you ready to JOIN THE SHOW? Apply today!
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