Caesars Entertainment
Revenue Manager I - Corporate (Las Vegas)
Caesars Entertainment, Las Vegas, Nevada, us, 89105
Revenue Manager I - Corporate (Las Vegas)
Join to apply for the
Revenue Manager I - Corporate (Las Vegas)
role at
Caesars Entertainment Revenue Manager I - Corporate (Las Vegas)
3 days ago Be among the first 25 applicants Join to apply for the
Revenue Manager I - Corporate (Las Vegas)
role at
Caesars Entertainment Get AI-powered advice on this job and more exclusive features. Department Goal
Revenue Management is charged with yielding an inventory of hospitality assets and more than 40,000 hotel rooms across the company’s portfolio to maximize total Enterprise profit. Job Description
Department Goal
Revenue Management is charged with yielding an inventory of hospitality assets and more than 40,000 hotel rooms across the company’s portfolio to maximize total Enterprise profit.
Job Overview
Caesars Entertainment operates properties across the country and generates over $1.4B in hotel revenue annually. Revenue management is charged with yielding our assets to ensure the enterprise is receiving maximum return on every unit sold based on: detailed forecasts of the multiple revenue streams of our customers, booking patterns by distribution outlets, seasonal and competitive dynamics impacting demand, and other key drivers of the business.
The revenue professionals in these roles work directly with Executives across all properties and departments to develop the strategies, tactics, and tools necessary to maximize the yield on each unit sold, including providing timely forecasts and recommendations to identify and maximize revenue opportunities. The qualified candidate is a seasoned revenue management and analytics professional capable of building industry-leading tools and processes while leading an organization with broad geographic coverage. Successful candidates also have strong executive presence, business acumen and presentation skills.
Primary Responsibilities
Support and Reporting
Provide daily support to the Directors and VPs of Revenue Optimization Provide weekly and ad-hoc Revenue Management executive reports Research additional revenue-generating processes and implement new procedures Develop analytical skills and contribute to department’s continuous improvement
Business/Functional Results
Manage hotel performance for a hotel or portfolio of hotels with goal to grow market share, beat cash revenue targets while maintaining lodging contribution to casino gaming targets. Must approach work in a structured manner to ensure ad-hoc requests or analyses do not interfere with execution of daily, weekly and monthly critical tasks for each hotel. Ensure full optimization and utilization of critical RM systems. Produce weekly forecast and ensure accuracy for effective segment yielding and pricing. Identify need times and partner with Casino, Hospitality Marketing to ensure profitable events and promotions are in place to drive incremental demand over need dates. Partner with group sales to align demand trends and To-Be targets to ensure targets are met. Ensure blocks for Group, NCM, and Tour segments are managed appropriately. Be the gatekeeper to prevent needless discounting that promotes trade down, cannibalization or displaces higher value customers. Inform VP of Revenue Management of conflicts. Set criteria for casino discounting based on demand levels. Set NI criteria and work with casino marketing to ensure Event and DM offers map to demand needs. Monitor room pace and pricing; adjust and align strategy as needed to achieve goals. When hotel performance falls below expectations, identify root cause of shortfall; leverage other analytic groups as needed. Socialize root cause and align stakeholders on mitigating strategies to correct performance problems. Develop annual lodging budgets and align stakeholders on budget strategy. Meet deadlines and communicate with VP pro-actively to renegotiate deadlines at risk.
Leadership / Managing Execution
Anticipate Market demand environment and collaborate with VP of Revenue Management to develop strategies that deliver the most profitable mix of customers across Casino Comp, Casino Cash, FIT Retail, FIT Discount and Group segments. Ensure Casino, Marketing, Leisure Sales, Group and other critical departments are aligned on strategy to execute flawlessly. Leverage VP of Revenue Management as needed to accomplish this task. Recognize shifts in market demand environment and pivot quickly to adjust strategies. Align critical departments to ensure flawless execution. Proactively communicate strategies with key stake holders to ensure alignment. Build comfort when taking risk, establish credibility and confidence in RM discipline. Leverage VP of Revenue Management to accomplish this task. Lead effective bi-weekly Hotel/Pod meetings to communicate performance, forecast risk/opportunity and actions needed to meet/exceed targets.
Building Relationships
Foster strong relationships with key departments: casino marketing, hospitality marketing, marketing analytics, ecommerce, distribution, leisure sales, group sales. Build effective working relationships with property and pod leadership. Ensure leadership understand the value of revenue management activities and are aligned on strategies to achieve goals. Sell ideas persuasively and influence without direct authority. Keep VP of Revenue Management aware of conflicts and decisions that have material impact on results.
Learning/Applying Personal Expertise
Actively pursue learning and self-development to enhance personal, and professional growth. Seek and welcome feedback. Take action to enhance performance based on experiences & coaching. Admit to and learn from mistakes.
Preferred Qualifications
Knowledge of LMS/AS400 strongly preferred Experience with Microsoft Excel strongly preferred Ability to communicate effectively with a wide range of stakeholders, including Executive-level leaders Bachelor’s Degree in Business, Economics, Engineering, Finance, Revenue Management, Hospitality Administration or in another quantitative field preferred; or equivalent work experience in a related field Knowledge of casino resort hotels a plus
About Us
At Caesars Entertainment, Inc., our Team Members create the extraordinary. We are the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers. Since beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through the development of new resorts, expansions and acquisitions. Our resorts operate primarily under the Caesars, Harrah's, Horseshoe and Eldorado brand names. We focus on building loyalty and value with our guests through a combination of impeccable service, operational excellence and technological leadership. The company is committed to its Team Members, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework.
Our Caesars family is driven by our Mission, Vision and Values. We take great pride in living these values – Together We Win, All In On Service and Blaze the Trail – every day. Our mission, “Create the Extraordinary”. Our vision, “Create spectacular worlds. That immerse, inspire and connect you. We don’t perform magic; we create it with excellence. #WeAreCaesars”. If you are ready to create some magic, we invite you to explore our dynamic, yet unique, career opportunities. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Accounting/Auditing and Finance Industries Hospitality Referrals increase your chances of interviewing at Caesars Entertainment by 2x Get notified about new Revenue Manager jobs in
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Join to apply for the
Revenue Manager I - Corporate (Las Vegas)
role at
Caesars Entertainment Revenue Manager I - Corporate (Las Vegas)
3 days ago Be among the first 25 applicants Join to apply for the
Revenue Manager I - Corporate (Las Vegas)
role at
Caesars Entertainment Get AI-powered advice on this job and more exclusive features. Department Goal
Revenue Management is charged with yielding an inventory of hospitality assets and more than 40,000 hotel rooms across the company’s portfolio to maximize total Enterprise profit. Job Description
Department Goal
Revenue Management is charged with yielding an inventory of hospitality assets and more than 40,000 hotel rooms across the company’s portfolio to maximize total Enterprise profit.
Job Overview
Caesars Entertainment operates properties across the country and generates over $1.4B in hotel revenue annually. Revenue management is charged with yielding our assets to ensure the enterprise is receiving maximum return on every unit sold based on: detailed forecasts of the multiple revenue streams of our customers, booking patterns by distribution outlets, seasonal and competitive dynamics impacting demand, and other key drivers of the business.
The revenue professionals in these roles work directly with Executives across all properties and departments to develop the strategies, tactics, and tools necessary to maximize the yield on each unit sold, including providing timely forecasts and recommendations to identify and maximize revenue opportunities. The qualified candidate is a seasoned revenue management and analytics professional capable of building industry-leading tools and processes while leading an organization with broad geographic coverage. Successful candidates also have strong executive presence, business acumen and presentation skills.
Primary Responsibilities
Support and Reporting
Provide daily support to the Directors and VPs of Revenue Optimization Provide weekly and ad-hoc Revenue Management executive reports Research additional revenue-generating processes and implement new procedures Develop analytical skills and contribute to department’s continuous improvement
Business/Functional Results
Manage hotel performance for a hotel or portfolio of hotels with goal to grow market share, beat cash revenue targets while maintaining lodging contribution to casino gaming targets. Must approach work in a structured manner to ensure ad-hoc requests or analyses do not interfere with execution of daily, weekly and monthly critical tasks for each hotel. Ensure full optimization and utilization of critical RM systems. Produce weekly forecast and ensure accuracy for effective segment yielding and pricing. Identify need times and partner with Casino, Hospitality Marketing to ensure profitable events and promotions are in place to drive incremental demand over need dates. Partner with group sales to align demand trends and To-Be targets to ensure targets are met. Ensure blocks for Group, NCM, and Tour segments are managed appropriately. Be the gatekeeper to prevent needless discounting that promotes trade down, cannibalization or displaces higher value customers. Inform VP of Revenue Management of conflicts. Set criteria for casino discounting based on demand levels. Set NI criteria and work with casino marketing to ensure Event and DM offers map to demand needs. Monitor room pace and pricing; adjust and align strategy as needed to achieve goals. When hotel performance falls below expectations, identify root cause of shortfall; leverage other analytic groups as needed. Socialize root cause and align stakeholders on mitigating strategies to correct performance problems. Develop annual lodging budgets and align stakeholders on budget strategy. Meet deadlines and communicate with VP pro-actively to renegotiate deadlines at risk.
Leadership / Managing Execution
Anticipate Market demand environment and collaborate with VP of Revenue Management to develop strategies that deliver the most profitable mix of customers across Casino Comp, Casino Cash, FIT Retail, FIT Discount and Group segments. Ensure Casino, Marketing, Leisure Sales, Group and other critical departments are aligned on strategy to execute flawlessly. Leverage VP of Revenue Management as needed to accomplish this task. Recognize shifts in market demand environment and pivot quickly to adjust strategies. Align critical departments to ensure flawless execution. Proactively communicate strategies with key stake holders to ensure alignment. Build comfort when taking risk, establish credibility and confidence in RM discipline. Leverage VP of Revenue Management to accomplish this task. Lead effective bi-weekly Hotel/Pod meetings to communicate performance, forecast risk/opportunity and actions needed to meet/exceed targets.
Building Relationships
Foster strong relationships with key departments: casino marketing, hospitality marketing, marketing analytics, ecommerce, distribution, leisure sales, group sales. Build effective working relationships with property and pod leadership. Ensure leadership understand the value of revenue management activities and are aligned on strategies to achieve goals. Sell ideas persuasively and influence without direct authority. Keep VP of Revenue Management aware of conflicts and decisions that have material impact on results.
Learning/Applying Personal Expertise
Actively pursue learning and self-development to enhance personal, and professional growth. Seek and welcome feedback. Take action to enhance performance based on experiences & coaching. Admit to and learn from mistakes.
Preferred Qualifications
Knowledge of LMS/AS400 strongly preferred Experience with Microsoft Excel strongly preferred Ability to communicate effectively with a wide range of stakeholders, including Executive-level leaders Bachelor’s Degree in Business, Economics, Engineering, Finance, Revenue Management, Hospitality Administration or in another quantitative field preferred; or equivalent work experience in a related field Knowledge of casino resort hotels a plus
About Us
At Caesars Entertainment, Inc., our Team Members create the extraordinary. We are the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers. Since beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through the development of new resorts, expansions and acquisitions. Our resorts operate primarily under the Caesars, Harrah's, Horseshoe and Eldorado brand names. We focus on building loyalty and value with our guests through a combination of impeccable service, operational excellence and technological leadership. The company is committed to its Team Members, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework.
Our Caesars family is driven by our Mission, Vision and Values. We take great pride in living these values – Together We Win, All In On Service and Blaze the Trail – every day. Our mission, “Create the Extraordinary”. Our vision, “Create spectacular worlds. That immerse, inspire and connect you. We don’t perform magic; we create it with excellence. #WeAreCaesars”. If you are ready to create some magic, we invite you to explore our dynamic, yet unique, career opportunities. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Accounting/Auditing and Finance Industries Hospitality Referrals increase your chances of interviewing at Caesars Entertainment by 2x Get notified about new Revenue Manager jobs in
Las Vegas, NV . Las Vegas, NV $75,000.00-$90,000.00 2 months ago Las Vegas, NV $95,000.00-$120,000.00 2 days ago Associate Territory Manager (Las Vegas, NV)
Las Vegas, NV $165,000.00-$185,000.00 1 week ago VP of Accounting and Corporate Controller
Henderson, NV $175,000.00-$210,000.00 3 weeks ago VP of Accounting and Corporate Controller
Henderson, NV $175,000.00-$210,000.00 3 weeks ago Las Vegas, NV $165,000.00-$185,000.00 1 week ago Las Vegas, NV $160,000.00-$175,000.00 4 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr