Analyze the potential incremental revenue generated by accepting group bookings by considering room rates, ancillary revenue (F&B, meeting space rental, AV, etc.), and other revenue-generating activities associated with the group.
Get insights into displaced revenue—revenue lost due to allocating rooms and resources to a group instead of selling them to individuals at a higher rate with a better stay pattern. Maximize profit by optimizing the balance between group bookings and individual bookings.
Explore alternate date options for group bookings easily without adversely affecting the hotel’s revenue potential. This helps you optimize the use of your hotel’s resources and maximizing revenue by aligning group bookings with periods of lower demand.
Leverage advanced algorithms that consider demand, market conditions, competitor rates, historical data, and revenue forecasts to optimize pricing for group bookings. Respond faster to inquiries to increase your close rates.
With LodgIQ, my hotel had an 26% increase in revenue in the first year
