RoomPriceGenie RMS Announces a New Group Displacement Calculator
Enables more accurate decision-making in the evaluation of the earning potential on group bookings to maximize profitability
RoomPriceGenie – a leading provider of revenue management systems (RMS) for independent hotels and groups – is proud to announce the launch of a new group displacement calculator built-into the award-winning RMS, which makes it possible for hoteliers to determine whether accepting a group booking is financially beneficial, by comparing forecasted transient revenue to the proposed group rate.
Steinhausen, Switzerland – RoomPriceGenie – a leading provider of revenue management systems (RMS) for independent hotels and groups – is proud to announce the launch of a new group displacement calculator built-into the award-winning RMS, which makes it possible for hoteliers to determine whether accepting a group booking is financially beneficial, by comparing forecasted transient revenue to the proposed group rate.
The RoomPriceGenie group displacement calculator gives all the commercial departments – sales, marketing and revenue management – access to a singular view of the data necessary to make data-backed group booking decisions, quickly and easily – all within the RMS – simplifying their workflow, unsiloing the property’s data and minimizing time-consuming interdepartmental communication that could result in losing the group booking opportunity.
The RoomPriceGenie group displacement calculator enables hotels to:
- Forecast displaced revenue if the requested rooms were sold individually.
- Compare profit margins based on group pricing and discount options and suggest the price that would be most profitable.
- Make data-based decisions on whether to accept a group booking based on the potential earning opportunity from both.
- Quickly respond to group enquiries with data-backed quotes to boost group conversion rates.
- Retrieve, edit, and track past group quotations in seconds, and add notes and status updates (as needed).
Despite being an automated, built-in feature, hoteliers always retain full control over their rooms and pricing using the RoomPriceGenie RMS, as recommendations offered by the group displacement calculator can be manually overridden if they don’t match the property’s business goals or strategies.
Group displacement has been one of the most requested features from our clients—especially those managing multiple properties or hotel groups—so we’re thrilled to be launching it. In a time when hoteliers are being asked to do more with less, every solution they invest in should help them work smarter, streamline their operations, and drive more revenue. Our new group displacement calculator does exactly that—delivering clear, data-backed recommendations that help hoteliers confidently optimize both group and transient business, and ultimately, grow long-term profitability. Chas Scarantino, CEO of RoomPriceGenie
To find out more about the new group displacement calculator built-into RoomPriceGenie’s award-winning RMS or to arrange an interview, please contact Jennifer Nagy at [email protected] or +33 7 49 78 00 21.