Make better group pricing decisions with GroupMetrix
Are you making group pricing decisions based mainly on internal factors such as displacement analysis and incremental revenue, but unable to accurately consider outside factors such as competitor pricing?
No one would ever consider setting a transient pricing strategy without reviewing competitor positioning, but every day Revenue Managers make group pricing decisions based largely on internal factors.
GroupMetrix by Quality Track has developed a proprietary algorithm which is able to provide instant competitive group pricing forecasts for your competitors. Through an exhaustive analysis of hundreds of thousands of actual group rates and tens of millions of additional data points, we are able to offer a tool that enables real-time predictions and a long range calendar view of your competitors’ group pricing.
The process begins with an extensive and sophisticated shopping process to uncover your competitors’ group pricing which includes:
- Multiple sets of ROOM RATES per month for each of your Compset members, including the initially proposed rate and the “price objection” rate, just like a real prospect
- ALL INCLUSIONS; in-room internet, catering (breakfast, breaks, luncheon and dinner), meeting room rates, AV rates, meeting room internet rates, minimum F&B guarantees, comp rooms, upgrades and master bill discounts
- TRANSIENT RATES quoted at the time of proposal to compare to quoted GROUP RATES
- SOCIAL MEDIA rankings for your Compset properties
Click HERE for a FREE Initial GroupMetrix report for your current compset
