Hotel Revenue Manager

Description

ABOUT ELYSEE NEW YORK

The iconic Elysee New York is preparing to enter an exciting new chapter as an intimate luxury boutique hotel. Located in the heart of Midtown Manhattan, steps from Madison Avenue and Fifth Avenue, Elysee New York combines the elegance of a historic New York residence with the warmth, individuality, and cultural spirit of a European grand hotel. Thoughtfully reimagined for today’s luxury travelers, the hotel will offer a highly personalized experience defined by authentic hospitality, understated sophistication, emotional connection, and exceptional attention to detail.

Elysee New York is proudly managed by Crescent Hotels & Resorts, one of North America’s leading hospitality management companies. Crescent operates a diverse portfolio of hotels and resorts throughout the United States and Canada, including many of the world’s most respected luxury, lifestyle, and independent hospitality brands.

At Crescent Hotels & Resorts, our associates are at the heart of everything we do. We believe exceptional guest experiences begin with engaged, supported, and inspired teams. We are committed to creating an environment where associates can bring their individuality to work, develop professionally, and build meaningful careers in hospitality.

POSITION OVERVIEW

The Elysée New York is celebrating 100 years of iconic Manhattan history by stepping into a brand-new era. Following a massive, top-to-bottom, $80 million renovation, we’re relaunching straight into the ultra-luxury market—and we're looking for an ambitious, analytical Revenue Manager to help lead the charge.

In this role, you won't just be managing spreadsheets; you’ll be the strategic mastermind protecting our yield, driving profitability, and positioning a legendary New York property to compete with the absolute best in the city. If you love deep diving into data to find the story behind the numbers and want to leave your mark on a historic NYC milestone, we want to talk to you.

Reporting to the Director of Commercial, the Revenue Manager will work closely with the commercial and executive teams to maximize room revenues and optimize RevPAR, ADR, and market mix. This role demands a blend of sophisticated data analysis, high-level forecasting, and dynamic pricing agility unique to the competitive Manhattan luxury market. You will ensure perfect rate parity across all elite distribution channels while strategically positioning our newly renovated inventory to capture high-value transient, group, and wholesale business.

ESSENTIAL JOB FUNCTIONS

STRATEGIC YIELD & INVENTORY OPTIMIZATION

• Drive Market Positioning: Conduct continuous competitor price and product analysis to ensure the Elysée maintains a commanding and appropriate rate position relative to our primary luxury competitive set.
• Maximize RevPAR: Optimize revenue performance by analyzing demand, establishing aggressive yet achievable selling and oversell strategies, and curating the ideal business mix to drive profitability during this centennial milestone.
• Dynamic Inventory Control: Formulate and implement transient and group inventory restrictions and pricing strategies across all distribution channels to maximize yield based on Manhattan demand spikes, seasonal trends, and historic data.
• Soft-Spot Mitigation: Proactively identify low-demand periods ("soft spots") and collaborate with the Revenue Management Committee and commercial teams to design targeted, on-brand initiatives to drive luxury volume during off-peak times.
• Protect the long-term pricing power and yield of the property, ensuring that discount strategies are never deployed at the expense of our luxury brand integrity.

RATE STRATEGY & SYSTEMS MANAGEMENT

• Rate Plan Architecture: Build, manage, and audit all complex rate plans, seasons, and promotional packages within the Property Management System (PMS) and Central Reservation System (CRS).
• Maintain Channel Integrity: Ensure seamless pricing execution and absolute rate parity across all global distribution systems (GDS), Online Travel Agencies (OTAs), brand websites, and direct booking channels.
• Revenue Protection: Maintain tight control over billing processes;…