Editorial Board   Guest Author

Mr. Feeney

Paul Feeney

Managing Director, Sanford Rose Associates - Wayne

Paul Feeney is currently the Managing Director of Sanford Rose Associates - Wayne, an Executive Search Firm located in Northern New Jersey. Sanford Rose Associates was founded in 1959, is a full-service executive search organization conducting retained and contingency searches through a network of 70+ offices worldwide devotes its practice to all areas of finance, accounting, general management, operations, technology, management consulting and project management for national and international searches. Mr. Feeney has over 25 years of executive search management and corporate recruiting experience while working in New York, London and Prague. Mr. Feeney resided in London and Prague for over 10 years working as an Executive Search Manager for Hays Plc and Nicholson International, where he specialized in financial management searches for positions based throughout Europe. In 1994, he then transferred to Prague with Nicholson International for three years where he was a Senior Recruiter for management positions in finance, technology, sales, marketing and general management for Central Europe, Slovenia and Russia. Mr. Feeney's last year in Prague was with PA Consulting Group where he was Manager for their Central European Human Resources Practice. While there he managed the implementation the divisions of executive search, assessment/psychometric testing centers and management training and development courses for the Czech Republic, Slovakia, Poland and Hungary. Before returning to the USA, he decided to take some time off and traveled around the world for 20 months throughout Europe, Australia, New Zealand, Asia and the Middle East. Upon returning to the New York area, Mr. Feeney was a Corporate Recruiter at Merrill Lynch within their institutional sales, trading and operations for their US markets. Mr. Feeney graduated from the University of Maryland, College Park in 1988 with a Bachelor of Science degree in Finance.

Please visit http://www.sanfordrose.com/wayne for more information.

Mr. Feeney can be contacted at 201-962-2122 or pfeeney@sanfordrose.com

Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.