The average salary for a Revenue Manager is $64,031.
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Job Description for Revenue Manager
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
- 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.
- 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.
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 Starwood Hotels and Resorts Worldwide Inc where the average pay is $66,500. Other companies that offer high salaries for this role include Aimbridge Hospitality and Wyndham Hotels and Resorts, earning around $65,000 and $61,404, respectively. Doubletree Hotels pays the lowest at around $40,591. Hilton Corporation and Marriott International, Inc. also pay on the lower end of the scale, paying $52,925 and $53,544, respectively.
Revenue Manager Job Listings
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Popular Skills for Revenue Manager
Skills in Financial Analysis and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Inventory Management, Forecasting and Data Analysis.
Pay by Experience Level for Revenue Manager
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 $51,172 based on 22 salaries. An early career Revenue Manager with 1-4 years of experience earns an average total compensation of $55,646 based on 369 salaries. A mid-career Revenue Manager with 5-9 years of experience earns an average total compensation of $70,055 based on 289 salaries. An experienced Revenue Manager with 10-19 years of experience earns an average total compensation of $74,288 based on 239 salaries. In their late career (20 years and higher), employees earn an average total compensation of $72,704.
Pay Difference by Location
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Employees with Revenue Manager in their job title in San Francisco, California earn an average of 35.6% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (22.1% more) and Atlanta, Georgia (17.1% more). The lowest salaries can be found in Miami, Florida (5.7% less), Denver, Colorado (5.4% less) and Dallas, Texas (4.4% less).
Years of Experience
This data is based on 1,019 survey responses.