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.
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%?
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
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