The average salary for a Revenue Manager is $65,446.
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What Do Revenue Managers Do?
Revenue managers provide support and advice to finance managers, directors of sales, and general managers. They are responsible for strategic planning and helping meet a business' revenue goals. Revenue managers must be able to lead and coach team members in customer relations and focus on removing any barriers that would inhibit a good flow of revenue. They must be able to continuously work toward bettering the overall revenue and improve efficiency and productivity where they see fit. Revenue …Read more
Revenue Manager Tasks
- Analyze data on customer traffic at a hotel to determine the optimal rates to set for renting rooms.
- Work with the marketing team to identify methods for increasing occupancy during slow times of the year.
- Research the rates of comparable establishments to ensure the hotel remains competitive.
- Predict the revenue hotel management can expect to earn in the near future and long term.
Job Satisfaction for Revenue Manager
Popular Employer Salaries for Revenue Manager
The top respondents for the job title Revenue Manager are from the companies Hilton Worldwide, Marriott International, Inc. and Hilton Corporation. Reported salaries are highest at Best Western International, Inc. where the average pay is $68,017. Other companies that offer high salaries for this role include Aimbridge Hospitality and Wyndham Hotels and Resorts, earning around $65,000 and $62,204, respectively. Doubletree Hotels pays the lowest at around $39,811. Hilton Corporation and Hilton Worldwide also pay on the lower end of the scale, paying $51,415 and $52,620, respectively.
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Director of Revenue Management
Somewhat common (8 - 20%)
Revenue Manager Job Listings
What Are Popular Skills for Revenue Managers?
Skills in Data Analysis, Financial Analysis and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Inventory Management and Forecasting.
What is the Pay by Experience Level for Revenue Managers?
An entry-level Revenue Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $51,486 based on 22 salaries. An early career Revenue Manager with 1-4 years of experience earns an average total compensation of $58,594 based on 289 salaries. A mid-career Revenue Manager with 5-9 years of experience earns an average total compensation of $72,339 based on 223 salaries. An experienced Revenue Manager with 10-19 years of experience earns an average total compensation of $74,304 based on 198 salaries. In their late career (20 years and higher), employees earn an average total compensation of $74,004.
Pay Difference by Location
Employees with Revenue Manager in their job title in San Francisco, California earn an average of 47.2% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (24.2% more) and Atlanta, Georgia (15.4% more). The lowest salaries can be found in Denver, Colorado (7.1% less) and Dallas, Texas (5.4% less).
Years of Experience
This data is based on 820 survey responses.