The Hoxton
Revenue Manager
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Company Description
We’re looking for a Revenue Manager to turn data into decisions, bookings into strategy, numbers into insight, optimise rates and forecast smartly, to keep The Hoxton, Edinburgh performing as its best.
Reporting to our General Manager, you’ll lead the strategy of The Hoxton, Edinburgh to maximise room revenue through the management of room inventory, pricing, market segmentation, and channel mix, in addition to assisting on a wide range of projects, like system builds, strategy, and property level trainings.
We’ve opened our doors in Edinburgh’s charming West End - our very first Hox in Scotland. Set across 11 beautiful Georgian townhouses, we’re home to 214 bedrooms, a lively open lobby and bar, an all-day Italian trattoria Patatino, a retro-inspired cinema, a flexible and super-size event space called The Get Together, and The Apartment – our unique signature spot for meetings, private dinners and memorable gatherings.
More About Us…
The Hoxton is a series of open-house hotels, each in a neighbourhood that we love. Ever since we opened our first hotel in Shoreditch, we’ve never just been about offering a bed for the night. We want to be more than that: proving style doesn’t need to be sacrificed for good value and providing a place where guests can hang out alongside the locals and immerse themselves in the neighbourhood with vibrant, welcoming public spaces.
Job Description
What you’ll do…
- Effectively incorporate the revenue management philosophy of exceeding our fair share from three key perspectives, Mind Share, Market Share, Channel Share, in all aspects of revenue management, sales, marketing, and operations.
- Chair the weekly Revenue Meeting for your assigned property to collaborate on revenue management, sales, and marketing strategy with the hotel and support teams. Ensure to understand the impact of decisions on operations and profitability.
- Support additional hotels within your assigned region with revenue/sales/marketing processes, systems management, pricing, strategy, and reporting.
- Regularly collaborate with General Manager and Sales, Brand and Digital teams on high level strategy decisions across market segments and distribution channels.
- Ensure that our current systems and processes meet group requirements and are adjusted appropriately to support the business.
- Responsible for weekly, monthly, and ad-hoc data analysis and reporting.
- Identify and report on actions taken with regards to important trends (i.e. pace, group pace, booking window, booking channel, etc.).
- Responsible for achieving room revenue goals (budget, RevPAR Index etc.) with a focus on profitability.
- Prepare annual hotel revenue budget and maintain ongoing results analysis.
- Prepare monthly forecasts with a daily breakdown of occupancy/rate and market segment mix along with ongoing results analysis.
- Monitor competitors’ products and revenue management practices. Also monitor new hotel development and local market demand generators.
- Maintain strong relationships with third-party partners including OTA market managers.
- Oversee channel management including rate loading and inventory management.
- Responsible for the continued usage and maintenance of the Revenue Management System. Responsible for forecast validation and daily interaction with system and the decisions produced, configuration and maintenance tasks related to the system.
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What We’re Looking For…
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- Individuals. You’re looking for a place where you can be you; no clones in suits here.
- Passion for hospitality – whether that’s a drink, a meal, an event or a bed for the night.
- You’re all about having a positive impact on the people you interact with, leaving them with a memorable experience.
- You’re not precious. We leave our egos at the door and help get things done.
- You’re up for doing things differently and trying (almost) everything once.
- If we got stuck in a lift together, we’d have a good time and share a few laughs.
- You want to be part of a team that works hard, supports each other, and has fun along the way.
- You must be technically skilled with a strong understanding of systems and hotel operations. Opera Cloud or V5, IDeaS G3 RMS, and Travelclick CRS experience is preferred.
- 2-3 years’ minimum experience in Revenue or Reservations function is required. Experience in hotel openings and/or the Edinburgh market is preferred although not required.
- You take ownership, solve problems, and make effective decisions.
- You are a quick learner and have a growth mindset.
- You are methodical and have a process-driven approach to tasks but are also flexible and calm especially in times of tight deadlines.
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