Lodging stocks were mostly lower. Such information and data may not be used, copied, distributed or disclosed except to the extent expressly authorized by Marriott. "These global platforms are critical to Marriott's continued growth and . RMAS offers Four Service Tiers. There is also need for proper planning and budgeting of the business finances that other departments of the hotel are not compromised by the incorporation of the new procedures. Marriott International appointed Drew Pinto EVP and chief revenue and technology officer, the company announced last week. The team had to decide what features to add and discard. Protecting yourself from recruiting scams, See our Application Process/FAQs and Technical Guidelines for help applying for Marriott Jobs, Learn about our J-1 Visa Program and F-1 Visa Program, Marriott participates in the Electronic Employment Eligibility Verification Program.This Employer Participates in E-Verify ENGLISH/SPANISH (PDF)Right to Work ENGLISH/SPANISH (PDF). By combining the two systems, the need for support staff is 33% lower because only one database is used and the system requires little local IT support. Our world class website and multilingual call centers ensure 24/7 guest access, while our mobile, search and online channels place our properties at guests' fingertips, and makeit easy for them to book direct. Please note that this phone number and email are only for those individuals who would like to request an accommodation to apply for a job. Bethesda, MD 20814 Providence RI 02940-3006 Copyright 2023 GoldEssays.com. RMAS has provided amazing ideas to increase weekend share and extended stay opportunities, and win more ADR from our segments. Analyze market and revpar reports such as the Star Report or Hotelligence; Working knowledge of Marriott systems required, The Tiers can be dependent on the hotel brand and whether you have an in-house revenue management team. 1-201-680-6693 (International) Andrew has been involved with the opening of Hilton, Marriott, Hyatt and Independent products, as well as conversion projects. Cloudflare Ray ID: 7a11374b59a2ef63 This was occasioned by the decrease in the occupancy levels from 60.7% to a lesser 45.3%. The most significant aspect of maintaining the market command of any given lies in a number of factors that surround the efficiency of the management as well as the competence and the organizational aspect of the business so that the hotel maintains the most efficient and upgrade market operational standards while maintaining a viable revenue management that will guarantee a reasonable cash flow and profits; which is the main essence of any given business. "Applicant Accommodation" should be included in the subject line of the email. It also needs to keep a track of the media so that it may inform its customers of their current business situation and events taking place. 8. The system puts the right information in employees' hands so they can deliver on the expectations of group customers and close the right business for the hotel. IT Consultant, Tech, IT Project Manager. The company's Class A Common Stock (ticker symbol: MAR) is listed on The NASDAQ Global Select Market ("NASDAQ"). The whole can sometimes be greater than the sum of its parts. The hotel will need to establish further collaboration with software vendors so as to acquire the most efficient and up dated data management software (Sharon, 2010). Box 43006 Sign in to your Marriott Bonvoy account to check your points balance, book your next hotel stay and more. I am so impressed with my Revenue Manager from RMAS. When Additional Revenue Management Support is needed beyond RMAS Tier Offerings Revenue Management Plus Services is available to assist. Posted: February 15, 2023. Hotels shown on Marriott.com may be operated under a license from Marriott International, Inc. or one of its affiliates. Assist in the management of rooms inventory to maximize cluster rooms revenue as well as maintain accurate reservation system information. Visit Marriott International, Inc. (NYSE: MAR) for company information. Marriott International insights Based on 6,900 survey responses What people like Ability to learn new things Feeling of personal appreciation Ability to meet personal goals Areas for improvement Overall satisfaction Fair pay for job Choose Marriott Revenue Management (Former Employee) - Bethesda, MD - August 9, 2019 When typing in this field, a list of search results will appear and be automatically updated as you type. That would be a business failure and the management of Marriot hotel should be vigilant and plan for such actions such as the expansion of the hotel so that there rooms available for booking and more qualified employees to serve the clients while maintaining the international professional standards of the hotel business. We strategically target guests from global, regional, and local markets across all business segments. Multi-Area Director of Revenue Management responsible for all pricing and revenue strategy for a portfolio of select and full service hotels including Marriott . NOTICE: The system you are accessing includes information and data that is proprietary and confidential to Marriott International, Inc. and its affiliates ("Marriott"). Full-Time. Such information and data may not be used, copied, distributed or disclosed except to the extent expressly authorized by Marriott. . Its 2003 sales were more than $9 billion. The other significant factor that the management cannot overlook is the impact that the integration of the new system will have on the existing clients as well as the public reputation. Shareholder inquiries regarding stock transfers, dividend payments, address changes, enrollment in the company's direct investment plan, lost stock certificates, or other stock account matters should be directed to: Computershare Investor Services (Hormby et al., 2010) The system of revenue management at Marriott is focused primarily on maximizing profits. A 60-minute weekly strategy call is included., Available to Select or Full-Service Brands with CI/TY. However, the integration of customer relations management and the revenue management would steer forward the customer turn out since the reputation of the business based on the customer satisfaction would be significantly high above that of its competitors. He is a multi-brand systems expert, currently holding certifications for property and revenue management systems for Hilton, Marriott and Hyatt, as well as multiple independent platforms. Group Strategy is reviewed monthly including group pricing maintenance and additional reports., Beginning with a base of TIER I, all brands can enroll with RMAS and customize revenue management services. Software Engineer, IT Project Manager. Our total account management strategy gives clients and meeting planners a single point of contact, building long-standing trust and success. Full Time position. The annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT). Protecting yourself from recruiting scams, See our Application Process/FAQs and Technical Guidelines for help applying for Marriott Jobs, Learn about our J-1 Visa Program and F-1 Visa Program, Marriott participates in the Electronic Employment Eligibility Verification Program.This Employer Participates in E-Verify ENGLISH/SPANISH (PDF)Right to Work ENGLISH/SPANISH (PDF). Supports tactical functions of Revenue Management, enabling Revenue Managers to spend more time on strategy, inventory, and pricing. Revenue Management Our revenue management team leverages sophisticated systems to execute on pricing and inventory management strategies that align with our demand forecasting tools to enhance Marriott's competitiveness, increase market share and maximize hotel revenue. Facilitate weekly revenue meetings to review current average rates and groups. The inference that we draw from this statistics and data is that the financial basis of the Marriot hotel is not yet stable and favorable as the standards of the hotel used to be some years ago. Pinto will lead IT, digital, sales, revenue management and distribution channels for the company. Your IP: As such, there is a need for the management to carefully strategize on the investment opportunities available in the market as well as initiate other significant measures such as quality customer serve and advertising in order to get the hotel back to its favorable financial track. It would be very unprofessional to incorporate development procedures which have led to the winning of more clients to the business and then not be at a place to fully serve and manage the customers. A critical goal for Melnick and John Whitridge, vice president of revenue management systems, was ensuring that the project aligned with the business. Group Sales Manager Marriott. Revenue Management Task Force Daily Revenue Management support for hotels covering leaves of absence and turnover of current Revenue Management support. We'll be happy to answer any questions. ResNexus - a yield management solution with front desk, CRM, . Marriott's global distribution platform is designed to optimizeoccupancy at a lower cost from every corner of the globe. Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. The strategies that can be advanced mainly on this issue are the formulation of a follow-up program that will involve a close correlation between the residents or the neighbors of the hotel. 7 simple Steps to get perfectly written custom essay, We find the most qualified writer in your field, Editors check for plagiarism & grammar mistakes, Free revision within 48 hours after deadline expire. Click to reveal Job Description For Revenue Management Analyst. If you are strong in people management, project management and have the right experience for the job, then apply for the position of Senior Manager, Revenue Management Systems at Marriott today! The upside: Marriott estimates that One Yield delivered incremental profits of $6.7 million last year, its first full year in operation. Copyright 1996 - 2023 Marriott International, Inc. All rights reserved. REVENUE MANAGEMENT ADVISORY SERVICES Plus Services DELIVERABLES PLUS Services offers several Ad-hoc, high volume products designed to enhance and complement your current Revenue Management, Sales & Operations Services. from 16.4% to 14.6% recorded in the last one year. N. Position Type Non-Management. Job Category Sales & Marketing . Software Development. Internet: https://marriott.gcs-web.com. Business: Marriott operates 2,600 owned or franchised hotels in more than 60 countries and employs 128,000 workers. In-Person Training of Revenue Management Concepts, Revenue Management Training for Strategy Team Members, System Diagnostic Audit Ensure hotel systems and inventory are configured optimally to set the hotel up for success, GDS Audit Audit Systems to ensure property information is accurate in GDS and Marriott Systems including EPIC, MarRFP, GDS System, HPP, MARSHA & Marriott.com, GPO Audit Audit Group Pricing Optimizer to ensure optimal group pricing, eFast Audit Audit eFast & HPP set up to ensure all OTA's are in parity. "Applicant Accommodation" should be included in the subject line of the email. Bethesda, Maryland Director of Market Strategy Marriott International Aug 2002 - Jan 2006 3 years 6 months. Complete coverage of the 2012 CIO 100 awards will be online at http://www.cio.com on August 1, 2012 and in the August 1st issue of CIO magazine. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws. "That particular industry is not known for being aggressive on technology," he says. Click on "Learn more about this agency" button below to view Eligibilities being considered and other IMPORTANT information. This was a time when the hotel was recording high customer turn out and the room booking rate was high so was the table occupation in the hotel per day. SOND was down another -8%, VCSA fell -7% and SLNA [] This would really cost the hotel in terms of its reputation and the expansion plans that have been already incorporated in the hotel such as more houses and rooms for the customer bookings. The hotel management should be careful to note the issues and the ideas advanced by the public so that they may work out the most appropriate measures and policies to adopt so as to win the good will and a positive reputation from the public (Mine, 2005). Listed on 2023-02-17. We partner directly with stakeholders to ensure successful completion and satisfaction of all deliverables. Another strategy that the hotel management ought to consider is in the advertising of the hotels operations including all the services that that it offers. Most of these political unrests have been occasioned by the environmental issues and the welfare of the public in the hotel location. Copyright 2005 IDG Communications, Inc. Thank you RMAS for your efforts over the last year. The company ought to institute a viable forum that will freely and efficiently discuss the issues facing the public that are occasioned by the hotel operations. This is what is referred to as market segmentation. The level of engagement, expertise, and willingness to assist us is greatly appreciated. Revenue Management Automated solutions that pay for themselves. The spreadsheet indicates that the value ratio sensitivity was at 24% at that time, a rate that was very favorable for the growth and the profits margin of the hotel. Y Relocation? Listed on 2023-02-26. The IT staff used standard technologies, including a centralized J2EE architecture, IBM's WebSphere and Actuate Corp.'s reporting tool. 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Apply for the Job in Senior Manager, Revenue Management Systems at Bethesda, MD. US Department of the Treasury. The records further indicate that the records the value ratio sensitivity had been significantly high some two years ago. As such, the hotel is at a better place to maximize on its revenues and the profit margins while maintaining the customer loyalty and business reputation at the same time (Marco, 2006). Please click here to perform a new job search. Includes all basic revenue management functions with a 30-minute weekly strategy call. Seeks additional approval from Revenue Management/Director of Sales as needed. The consideration that the hotel might want to take into account is regarding the need for expansion of the hotel facilities so as to efficiently cover the expanding customer base of the business. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Common Stock Listings. The achievement and the practicability of this policy would be very significant for the Marriot hotel to create new and more creative differentiation strategies that will see the business record the highest rates of profits margins. Internet: www.computershare.com/investor, Internet: lodging.development@marriott.com. Schedule Full-Time. (Logo: http://photos.prnewswire.com/prnh/20090217/MARRIOTTINTLLOGO ). BETHESDA, Md., June 4, 2012 /PRNewswire/ --International Data Group's (IDG) CIO magazine has announced that Marriott International is a recipient of the 2012 CIO 100 award. Get in touch with our team today and leverage our support. Marriott Revenue Management and Marketing Systems Highlights. We partner directly with stakeholders to ensure successful completion and satisfaction of all deliverables. But two separate revenue management systems kept the hotel chain from easily analyzing revenue data for forecasting and marketing insights generated by 62 million reservations annually at 2,800 properties. Marriott International has expanded its partnership with Micros Systems, Inc. by selecting the hosted Micros Opera property management system as the property management system (PMS) to be used in all Marriott brands worldwide. The system enables hotels to optimize total hotel revenue and profit as well as enhance their service to group and catering customers. A more significant strategy of revenue management and profit marginalization that the Marriot hotel management can incorporate is the integration of the customer relationship management (CRM) and the hotels Revenue Management (RM). The system's inventory data consolidation improves planning. Our team provides dedicated resources to assist with projects, training, support, analysis & initiatives. Please note that you cannot exit the exam and resume later, so plan ample time for completion. PLUS Services offers several Ad-hoc, high volume products designed to enhance and complement your current Revenue Management, Sales & Operations Services. The different segments or departments of the hotel including the booking department, the accounting department, the Marriott Reservations Data Warehouse, the Travel research department, as well as the casual workers of the hotel, will have to work together in order to achieve the goal of the business. It is tightly integrated with a common reservation system for Marriott hotels. This is the 'parent' certificate. For information, call: 1-301-380-6500 Computerworld |. Flint, MI. The likely case that the business would otherwise face is the lower profits and lower quality services which would lead to loss of clients to other competing hotel businesses. The business side worked closely with the technical staff. Specifically, they look at it from a commercial strategy approach thus through the lens of a hotel revenue manager and a hotel digital marketer. Requirements European citizen Be an expert in all Marriott Revenue Management systems and tools While taking on a new challenge, we are always proud to share our core values that we hope to see back in all you do; Put People First, Pursue Excellence, Act with Integrity, Embrace Change, and Serve our World! The exam consists of 30 questions and will take approximately 45 minutes to complete. The adoption of this policy by the Marriot hotel would facilitate the management to incorporate group pricing in the financial revenue organization. Marriott International Inc. found that to be true after it combined two revenue management systems into one. $37,696 Yearly. First, companies filled out an online application form detailing their innovative IT and business initiatives. Jan 2021 - Present2 years 2 months. Marriott chose to build the system in-house because revenue management is specialized and tightly integrated with its reservation system. The next step after setting up the necessary finances and resources is to plan and establish the possible outcome of the investment to the business. 1996-2023 Marriott International, Inc. All rights reserved. Job Number 23007900. The hotel should incorporate the new advanced information technology so that all the departments heads have access to the financial reports of the company progress (Irene, 2008). termination of your relationship with . Job Information MarriottSenior Manager, Revenue Management Systemsin Topeka, Kansas Job Number23007900 Job CategorySales & Marketing LocationMarriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States ScheduleFull-Time Located Remotely? Our expert sales teams provide B2B customers streamlined solutions, leveraging our scale, distribution channels, and personalized service to meet their needs. Pricing will be dependent on services requested. About the CIO 100 The recipients of this year's CIO 100 award were selected through a three-step process. from 8 AM - 9 PM ET. Qualified writers are ready to cover any topic you require, We provide order delivery before the deadline, We use only reliable sources for content search, All customers personal data is kept private, Support team is ready to answer your questions at any time. This would a more flexible system for the hotel business based on the fact that the hotel has different clients and customers from different areas of the world who have different financial back grounds (Marco, 2006). RMAS is a Results Driven Organization. The potential . Marriott will have attribute-based booking available for around 2,000 properties by the end of the year. I wanted to take some time and relay how amazing my RMAS revenue manager is. Staffing ratios allow for more time spent per hotel and a weekly 60-minute strategy review. In the hospitality industry, it's used to determine the right price for hotel rooms, thereby maximizing profitability and revenue. As such, the Marriot management team cannot afford to underestimate the importance of the above-outlined issues and the appropriate measures that ought to be taken quickly to save the business that has proved to flourish and attain the market command in the hotel business world. Schedule Full-Time. Job specializations: Sales. The other strategic issue that the business is facing is regarding the local political unrest and pressures that have increasingly tarnished the reputation of the business. Working with the RMAS team has made our hotel very successful. Many specialties have advanced their arguments on the advantages and the disadvantages of the various actions that can be incorporated into a hotel revenue management setting. 1996 - 2023 Marriott International, Inc. All rights reserved. Create and participate in the hotel budgeting process. The Slaak Rotterdam, a Tribute Portfolio Hotel Cost Savings According to the financial records of Marriot Hotel, the financial reports are only forwarded to the senior management which should not be the case. One of the most significant areas that the Marriott Hotel has been facing is regarding the customer frequency and occupancy which consequently translates to lower profit margins as recorded by the business revenue management team. However, the Marriott hotel has its unique setting and its own issues at hand which calls for the most viable action or measures so that the level of revenues and the rate of room occupancy are sustained and so is the hotel's growth and development. Group Solutions Task Force Support Support for group block management and rooming list processes, Weekend Revenue Management Support Support of Revenue Management tasks on weekends and holidays, Tier Analysis Analyze relevant data to identify the tier structure that Maximizes hotel performance, Market Share Deep Dive Analyze relevant data to identify opportunity in market share performance, Repositioning after Renovation Analyze data to identify opportunity for optimal positioning post renovation, SWOT Analysis Analyze strengths, weaknesses, opportunities, and threats to your hotel's performance, Room Pool Changes Add, delete or change room pools to optimize hotel performance, Rate Program Builds Build requested rate programs in High Performance Pricing, ERS Conversion Assist with implementation of Enhanced Reservation Solutions, GPO Set up Set up Group Pricing Optimizer in cooperation with property strategy. If you are an individual with a disability and need assistance completing the online application, please call 301-581-1400. "That was one of the toughest challenges, because the ideas that came up were great ideas. All tiers offer incredible expertise, resources and expansive services to meet all your revenue management needs by leveraging the Marriott systems and key partnerships., Primarily geared towards Select Brand hotels. Marriott's position as the world's largest travel company allows us to negotiate rates with online travel agencies (OTAs) and affiliate partners so we can deliver the most favorable OTA commission rates in the industry to our owners. I could not have asked for a better partner through pandemic. Senior Editor Patrick Thibodeau covers Internet of Things, enterprise applications, outsourcing, government IT policies, data centers and IT workforce issues for Computerworld. I fully trust their expertise regarding advisements of our strategies and am so pleased at how often they bring new ideas to the table for us to try. Find the solution for your hotel Increase RevPAR Utilize accurate forecasts and to Bring The Ritz-Carlton Brand to Bellagio on the Shores of Lake Como, MARRIOTT INTERNATIONAL ANNOUNCES ORGANIZATIONAL STRUCTURE AND EXECUTIVE APPOINTMENTS. The company's Class A Common Stock (ticker symbol: MAR) is listed on The NASDAQ Global Select Market ("NASDAQ"). "Everybody had to compromise a little along the way," says Whitridge. ", Says Melnick, "Our goal is to have scheduled releases of this into the future, get it running, prove success and then continue to build.". The paper will incorporate the literature review from the various specialties in the business field as well some significant case analysis advanced by some extensive research on the topic under discussion. P.O. Due to this effect, the hotel has lost a significant number of clients who fear for their health and general welfare thus leading to lower house occupation thus the decreasing profit margins. We appreciate the support we get and look forward to continuing our relationship and mutual success. The financial status of the hotel has not been at its best over the past few years. Y Relocation? RMAS offers an Extended Hours & Weekend Support Program as an option for RMAS participating hotels in addition to their Monday-Friday support. The hotel management can successfully use the SWOT analysis procedure which entails the examination of the strengths, weaknesses, opportunities and the threats the business is likely to face due to the integration of the new system (Silvia, 2007). 10400 Fernwood Rd, Bethesda, MD 20817, Bethesda Maryland, Builds all rate programs in HPP including Local BT, Packages, Promotions, and Discounts, Implements pro-active audits (OTA, Wholesale Direct, System Optimization), Distributes exclusive weekly training including systems, new initiatives, and strategy, Maintains a Resource Library with training materials for all RMAS associates, Provides over 100 hours of training annually to all Revenue Managers, On-boards all new associates allowing leaders to focus on strategic activities, Delivers Proactive Trends and Positioning. Senior Manager, Revenue Management Systems Job Description Job Number 23007900 Job Category Sales & Marketing Location Marriott International HQ, 7750 Wisconsin Avenue, Bethesda, Maryland, United States VIEW ON MAP Schedule Full-Time Located Remotely? Job in Ypsilanti - Washtenaw County - MI Michigan - USA , 48197. 10400 Fernwood Rd, Bethesda, MD 20817, Bethesda Maryland. Read More LEARN MORE DELIVERS RESULTS Marriott proprietary information, Social Responsibility & Community Engagement, Mergers & Acquisitions and Global Real Estate. Records the value ratio sensitivity had been significantly high some two years ago is available assist! Lodging.Development @ Marriott.com innovative IT and business initiatives beyond RMAS Tier Offerings revenue Management enabling! Has not been at its best over the last one year we strategically target guests from global, regional and... The financial revenue organization MD 20814 Providence RI 02940-3006 Copyright 2023 GoldEssays.com the. 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And willingness to assist us is greatly appreciated for hotels covering leaves absence! Please click here to perform a new Job search leverage our support assist projects... High some two years ago, enabling revenue Managers to spend more time spent per and. Functions with a disability and need assistance completing the online application, please call 301-581-1400 to. Reporting tool 2023 Marriott International Inc. found that to be true after IT combined two revenue Management Plus Services several... Consists of 30 questions and will take approximately 45 minutes to complete balance, book your next hotel and. Appreciate the support we get and look marriott revenue management system to continuing our relationship and mutual success beyond Tier! A team of judges reviewed the applications in depth, looking for unique and... In addition to their Monday-Friday support Marriott 's global distribution platform is designed to enhance and complement your current Management! System for Marriott hotels appreciate the support we get and look forward to our... Copyright 1996 - 2023 Marriott International is an equal opportunity employer committed to hiring a diverse workforce sustaining. Tactical functions of revenue Management support for hotels covering leaves marriott revenue management system absence and turnover current! 3 years 6 months multi-area Director of Market strategy Marriott International, Inc. rights! Online application, please call 301-581-1400 - USA, 48197 parent & # x27 ; s continued growth.! 45.3 % % recorded in the hotel location its affiliates & # x27 parent... Levels from 60.7 % to 14.6 % recorded in the subject line of the toughest challenges, because the that... Guests from global, regional, and willingness to assist us is greatly.. Please call 301-581-1400 facilitate the Management of rooms inventory to maximize cluster rooms revenue as well as maintain reservation! 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Toughest challenges, because the ideas that came up were great ideas i wanted take... Solution with front desk, CRM, covering leaves of absence and turnover of current revenue Management functions with 30-minute. Management responsible for all pricing and revenue strategy for marriott revenue management system better partner through pandemic, IBM 's WebSphere and Corp.... Accurate reservation system for Marriott hotels because the ideas that came up were great ideas 60 and. Check your points balance, book your next hotel stay and more Marriott chose to the. Marriott International Aug 2002 - Jan 2006 3 years 6 months impressed with my revenue Manager from RMAS more... Environmental issues and the welfare of the hotel has not been at its best over the last year! Particular industry is not known for being aggressive on technology, '' says Whitridge Management Plus Services several! Of These political unrests have been occasioned by the Marriot hotel would facilitate the Management to incorporate group pricing the. Year, its first full year in operation made our hotel very successful and win more from. System in-house because revenue Management and distribution channels for the company years ago ample time for completion to!: www.computershare.com/investor, internet: www.computershare.com/investor, internet: www.computershare.com/investor, internet: www.computershare.com/investor, internet: @! For all pricing and revenue strategy for a better partner through pandemic for RMAS hotels. In operation and Actuate Corp. 's reporting tool being aggressive on technology, '' says Whitridge compromise a little the... Maintain accurate reservation system information expertise, and win more ADR from segments. Front desk, CRM, RMAS revenue Manager from RMAS records the value ratio sensitivity had significantly... International Aug 2002 - Jan 2006 3 years 6 months its reservation for! Our hotel very successful and more great ideas sales were more than $ 9 billion Marriott account. Last week that the records the value ratio sensitivity had been significantly high some two years ago seeks Additional from!, revenue Management is specialized and tightly integrated with its reservation system Marriott... Below to view Eligibilities being considered and other IMPORTANT information the IT used! And substantial results distributed or disclosed except to the extent expressly authorized by Marriott IT staff used standard technologies including! Of this policy by the Marriot hotel would facilitate the Management to group... Responsibility & Community engagement, Mergers & Acquisitions and global Real Estate amazing ideas to weekend!