grouprev’s main objective is to generate an optimal rate quote for a group. In this video, we review the different types of data utilized to create the optimal rate. Included is a view of grouprev’s primary screen and an introduction to the “I” information features available to support you in learning how to use grouprev.
grouprev begins with the property's PMS, sales and catering system to create the optimal rate. It layers in the history of rate quotes of won deals in the sales and catering system while taking into account the market segment, group size, arrival date, and days left to arrival.
grouprev also factors in transient displacement from guestrev or calculates the displacement based on remaining capacity and forecast numbers received from the property.
grouprev can also factor in meeting space minimums and profit on ancillary revenue.
Would you like to continue diving into grouprev? Check out our learning series below.
- Part 1: System Overview
- Part 2: Creating a quote
- Part 3: Practice getting a quote
- Part 4: Concessions
- Part 5: Reading a quote