The evolution of BlockBuster and the integration of OpenSpace create a best-in-class, unified 24/7 revenue management platform to optimize revenue and total profitability across transient, group, and event segments
San Francisco, June 24, 2024 – Duetto, a global leader in revenue management solutions, today announced a significant product development designed to empower hoteliers to optimize revenue across all segments, including transient, group, and function space. With the return of group business across the global hotel ecosystem, Duetto unveils its BlockBuster group revenue optimization solution’s next evolution and the integration of its new function space optimization tool, OpenSpace (formerly MiceRate).
BlockBuster enables hoteliers to streamline workflows between revenue, sales, and catering teams to deliver a seamless quote for group business at the right rate at the right time.
The evolved product allows hoteliers to:
- Balance group and transient bookings using a coherent pricing strategy across segments. BlockBuster provides crucial information, like incremental profit and alternative stay dates, to make transient displacement decisions based on profitability when evaluating group requests.
- Adjust pricing dynamically based on demand, capacity, and ancillary spending.
- Automate group wash projections and adjust demand forecast, occupancy forecast, and yielding capacity based on user input and situational knowledge.
- Empower revenue teams through automation and collaboration tools. Quickly respond to group rate requests while creating a centralized source of truth for real-time quote record-keeping.
Further investment in delivering a full-service revenue solution saw Duetto acquire MiceRate, a function space optimization solution, in February 2024. Today, Duetto rebrands the product as OpenSpace, making Duetto the only solution to offer automated, dynamic revenue management for rooms, event space, and ancillaries.
OpenSpace provides algorithm-based pricing for meetings and events, including weddings, incentives, and conferences, enabling hotels to dynamically yield all function spaces, including external spaces such as gardens. The solution also includes a booking engine and quotation tool, to help event planners quickly find the space they need for their budget and requirements.
Together with GameChanger for room rate optimization, ScoreBoard for forecasting and reporting, and Advance for 24/7 dynamic optimization, the enhanced functionality in BlockBuster and the addition of OpenSpace enable Duetto to deliver a best-in-class unified revenue solution for all segments.
“The addition of OpenSpace, combined with our investment in group management, positions us as a one-stop-shop for hoteliers looking to maximize revenue across their entire property. Now, our customers can leverage Duetto to optimize pricing, manage inventory, and streamline bookings for individual guests, groups, and function spaces – all in a single, unified solution,” said David Woolenberg, CEO of Duetto. “These enhancements will streamline the group booking process, improve internal communication, and ensure a more seamless experience for both hoteliers and their customers.”
Interested in finding out more about Duetto’s suite of revenue management solutions, including BlockBuster and OpenSpace? Visit booth #1751 at HITEC.
