Optimize Group Pricing Decisions
Group pricing that drives conversion rates and optimizes revenue.
The Right Price at the Right Time
Taking the same scientific algorithms that make our transient pricing a success, grouprev® allows you to make optimal pricing recommendations for group business at the click of a button.
- Be a first responder
- Have confidence that you’re providing the best rate to both win the business and boost profit for your property
- Align sales and revenue management initiatives
- Protect transient rate when quoting groups
- Seamless interface with sales & catering
- Optimize utilization of all your property’s space including banquet halls & conference rooms
Group Revenue Lifts of 5-8%
A year after implementing grouprev®, a Miami beach property sees an increase in booked group room nights of 7.6% and a total group revenue lift (including room, F&B and other) of over 5%, resulting in millions of dollars of increased revenue.
What could you do with a group revenue lift of 5%?
Go Beyond Transient Displacement & MAR
grouprev® helps hoteliers convert more group and meeting business and maximize revenue by optimizing group room rates, maximizing function space revenue and more effectively managing property’s sales & catering calendar.
By looking beyond just transient displacement, grouprev® looks at the total value of each opportunity and compares it to the total forecasted value by looking at both transient and group segments.
Simplify Group Revenue Management & Increase Profits
Group is one of the most consistent and profitable segments of most property’s overall business. Get a better understand of how you should be pricing group business and insight into how scientific pricing models can help you do so while maximizing profits in our eBook – Group Revenue Management 2.0.
- Align sales & revenue management
- How to yield-manage group business
- A look beyond MAR